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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Apartment buildings
409 High Pt Rd, Madison, WI 53719-4932
Entity Owned
12-yr Hold
Free & Clear
Property ID
US92-0568061
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Total area
8,660 SF
Lot
0.93 ac (40,505 SF)
Zoning code
RMX
APN
0708-262-0208-1
UPID
US92-0568061
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
-
High Point Manor Apartment Building
-
Russell Moving & Landscaping Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$1.04M
Owner & transaction history
Big Sky High Point LLC · 12 yrs held
Big Sky High Point LLC
since 2014
7 recorded transactions
Zoning & alternative use
RMX · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
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
$120 / 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
$69,503
Tax year 2022
Assessed value
$3,691,800
Assessed 2023
Previous assessed
$3,511,800
+5.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$396,000
Assessed improvement
$3,295,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Units
36
Total area
8,660 SF
Lot
0.93 ac (40,505 SF)
Zoning code
RMX
APN
0708-262-0208-1
UPID
US92-0568061
Jurisdiction
DANE
Zoning & alternative use
RMX · Madison, WI
Zoning RMX · permitted uses
RMX · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
2
Units
36
Lot
0.93 ac
Current owner
From public records · entity-resolved
Big Sky High Point LLC
Entity
Free & Clear · 12 yrs held
Mailing address
31 S MLS ST, MADISON, WI 53715-1307
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2014
$1,654,550
Big Sky High Point LLC
Eagan,michael J
Warranty Deed
—
Mar 7, 2014
$3,854,950
Bg Sky High Point LLC
Voss Mary J Trust
Grant Deed
—
Mar 7, 2014
$334,150
Big Sky High Point LLC
Hoffmann,patricia A
Warranty Deed
—
Mar 7, 2014
$652,000
Big Sky High Point LLC
Eagan Jack Trust
Grant Deed
—
Mar 7, 2014
$1,654,450
Big Sky High Point LLC
Gary E Voss
Warranty Deed
$6,520,000 · The Park Bank
Jul 3, 2008
—
Voss Mary J Trust
Voss,mary J
Quit Claim Deed
related
—
Mar 5, 2008
$1,119,300
Mary J Voss
Westaire INC
Warranty Deed
$3,030,000 · M & I Marshall & Ilsley Bank
—
—
Big Sky High Point LLC
—
Deed Of Trust
related
$7,085,000 · Walker & Dunlop
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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