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Financial
Distress signals
Property profile

421 S Park St Madison, WI 53715

FOR SALE
Retail space
Property ID
US92-0311593
1,386 SF 0.21 ac lot Built 1951
Last sale Jul 2009 · $460,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a mixed-use commercial building configured with dedicated retail and office space, totaling 4,905 square feet, including 3,525 square feet for retail use and 1,380 square feet for office use. It includes an installed cooler. The building has frontage on Park Street and Drake Street, and is positioned in a downtown setting with signage potential along the street frontages. The exterior is planned for replacement on the Park Street and Drake Street frontages, with work intended to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$777k
Assessed land$150k
Assessed improvement$627k
Effective rate1.72%

Value estimate

· Oct 2026
$350k
$315k – $385k
AI approach$370k
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$6k
Operating expenses−$30k
NOI · 5.42% cap applied$70k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$351/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$122 – $564

Cap rate analysis

How does the asset earn?
5.42%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TSS
The TSS District is established to encourage and sustain the viability of Madisons mixed use corridors which sustain many of the Citys tr...
General categoryMIXED_USE
JurisdictionDANE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.7
Electrical Service10.8
Plumbing Service9.7

Location

421 S Park St Madison, WI 53715
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1423 Park, Madison, WI 53715-2105 $455,000 Mar 2024 3,000 SF
1414 Park, Madison, WI 53715-2106 $2,200,000 Jan 2022 4,342 SF
410 Park, Madison, WI 53715-1618 $145,000 Apr 2020 1,794 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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