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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Retail space
408 Wilson St Madison, WI 53703-3429
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-3490531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1880
Total area
1,760 SF
Lot
0.05 ac (2,277 SF)
Zoning code
UMX WP-17
APN
0709-133-1819-7
UPID
US92-3490531
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
-
Sortis Digital Marketing & Website Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Linville Architects LLC Architect
-
DeHaven Design Build Construction Company
-
Creative Structures Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$880k
Owner & transaction history
K & P Yan LLC · 2 yrs held
K & P Yan LLC
since 2024
Last sale
$879,900
7 recorded transactions
Zoning & alternative use
UMX WP-17 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+43.1%
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
Method
Estimation
Statistic approach
$880,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $880k (Jun 10 2024)
Last sale anchor
$880k
Jun 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$500 / SF
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
$11,567
Tax year 2022
Assessed value
$648,000
Assessed 2023
Previous assessed
$648,000
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$100,000
Assessed improvement
$548,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1880
Heating
NONE
Stories
2
Units
1
Total area
1,760 SF
Lot
0.05 ac (2,277 SF)
Zoning code
UMX WP-17
APN
0709-133-1819-7
UPID
US92-3490531
Jurisdiction
DANE
Zoning & alternative use
UMX WP-17 · Madison, WIZoning UMX WP-17 · permitted uses
UMX WP-17 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$885,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Heating
NONE
Stories
2
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
K & P Yan LLC
Entity
Mailing address
2801 INTERNATIONAL LN STE #216, MADISON, WI 53704-3152
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$879,900
K & P Yan LLC
Cleveland Associates LLC
Warranty Deed
$703,910 · Lake Ridge Bank
Jun 9, 2017
—
Cleveland Associates LLC
—
Trustees Deed
related
$358,799 · Home Svgs Bk
Jan 7, 2004
—
Cleveland Associates LLC
Cleveland Associates
Quit Claim Deed
related
—
—
—
Cleveland Associates LLC
—
Deed Of Trust
related
$240,096 · Home Savings Bank
—
—
Cleveland Associates LLC
—
Deed Of Trust
related
$61,453 · Town Bank
—
—
Cleveland Associates LLC
—
Deed Of Trust
related
$385,000 · Home Savings Bank
—
—
Cleveland Associates LLC
—
Deed Of Trust
related
$303,000 · Home Savings Bank
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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