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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Turn key restaurants
421 Commerce Dr Madison, WI 53719-4924
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-0261897
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Total area
2,138 SF
Lot
0.76 ac (33,100 SF)
Zoning code
CC
APN
0708-271-0202-4
UPID
US92-0261897
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
-
Taco Bell Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$570k
Owner & transaction history
Marvin Dev Of South Dakota LLC · 9 yrs held
Marvin Dev Of South Dakota LLC
since 2016
7 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$750,000
+5.3%
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$710,000
Current use
RETAIL STORES
$750,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$630,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$267 / 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
$29,422
Tax year 2022
Assessed value
$1,754,300
Assessed 2023
Previous assessed
$1,569,000
+11.8% YoY
Effective rate
1.68%
On assessed value
Assessed land
$550,000
Assessed improvement
$1,204,300
Applied tax rate
3,549.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
2,138 SF
Lot
0.76 ac (33,100 SF)
Zoning code
CC
APN
0708-271-0202-4
UPID
US92-0261897
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WI
Zoning CC · permitted uses
CC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$710,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1996
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Marvin Dev Of South Dakota LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5425 BOONE AVE N, NEW HOPE, MN 55428-3614
Ownership since
2016
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
Jan 22, 2026
—
Marvin Development Of South Dakota
—
Deed
related
$58,000,000 · The Huntington National Bank
Dec 10, 2020
—
Marvin Development Of South Dakota
—
Deed
related
$86,740,000 · Huntington National Bank
Dec 9, 2020
—
Marvin Development Of South Dakota
—
Deed
related
$86,740,000 · Huntington National Bank
Dec 8, 2020
—
Marvin Development Of South Dakota
—
Deed
related
$43,370,000 · Huntington National Bank
Sep 14, 2016
—
Marvin Dev South Dakota LLC
—
Deed
related
$35,900,000 · Huntington Nat'l Bk/columbus
Sep 13, 2016
$1,384,600
Marvin Dev Of South Dakota LLC
Taco Bell Of America LLC
Grant Deed
—
—
—
Border Foods Of Wisconsin LLC
—
Deed Of Trust
related
$139,799,995 · Citizens Bk
—
—
Marvin Dev South Dakota LLC
—
Deed Of Trust
related
$35,900,000 · Huntington Nat'l Bk/columbus
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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