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Property profile & analytics
OFF-MARKET
Bars & Pubs
406 Frances St Madison, WI 53703-1013
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0550597
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1923
Total area
1,820 SF
Lot
0.06 ac (2,752 SF)
Zoning code
UMX
APN
0709-232-0326-3
UPID
US92-0550597
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jay's Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
406 N Frances LLC · 3 yrs held
406 N Frances LLC
since 2023
Last sale
$380,000
3 recorded transactions
Zoning & alternative use
UMX · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Em…
Zone name
Urban Mixed Use
General category
MIXED_USE
Zone area
103.46 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,120
Tax year 2022
Assessed value
$440,000
Assessed 2023
Previous assessed
$380,000
+15.8% YoY
Effective rate
2.07%
On assessed value
Assessed land
$125,000
Assessed improvement
$315,000
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1923
Heating
NONE
Stories
1
Total area
1,820 SF
Lot
0.06 ac (2,752 SF)
Zoning code
UMX
APN
0709-232-0326-3
UPID
US92-0550597
Jurisdiction
DANE
Zoning & alternative use
UMX · Madison, WIZoning UMX · permitted uses
UMX · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Lim
Zone name
Urban Mixed Use
General category
MIXED_USE
Zone area
103.46 ac
Building & site characteristics
From public records
Year built
1923
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
406 N Frances LLC
Entity
Mailing address
406 N FRANCES ST, MADISON, WI 53703-1013
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$380,000
406 N Frances LLC
James J Postweiler
Deed
$1,200,000 · Park Bank
Sep 9, 2009
$408,000
Postweiler R H 1990 Trust
H M Ericson
Quit Claim Deed
related
—
Oct 7, 2008
—
H M Ericson
Ericson Herta M Trust
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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