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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Investment properties
421 Yellowstone Dr Madison, WI 53719-1042
Entity Owned
~
Est. High Equity
Property ID
US92-3384641
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2006
Total area
8,425 SF
Lot
0.67 ac (29,185 SF)
Zoning code
SE
APN
0708-251-0418-9
UPID
US92-3384641
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
-
R-G Hair Studio Hair Salon Nail Salon
-
Haircutters Hair Salon
-
Styles by Kyle Hair Salon
-
Hampton Court Salon LLC Hair Salon
-
Clipping Hair Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$2.04M
Owner & transaction history
421 Yellowstone LLC
421 Yellowstone LLC
since 2026
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+19.4%
Restaurant
$2.8M
+13.4%
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
$2,675,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
$1,940,000
6.5%
$1,790,000
7%
$1,660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,475,000
Current use
RETAIL STORES
$2,955,000
Change: +19% · Conversion: Easy
RESTAURANT
$2,810,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,375,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±10% · vs last sale $1.85M (Feb 9 2026)
Last sale anchor
$1.85M
Feb 9 2026
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
$242 / 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
$36,574
Tax year 2022
Assessed value
$1,850,000
Assessed 2023
Previous assessed
$1,850,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$195,000
Assessed improvement
$1,655,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
3
Stories
2
Total area
8,425 SF
Lot
0.67 ac (29,185 SF)
Zoning code
SE
APN
0708-251-0418-9
UPID
US92-3384641
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WI
Zoning SE · permitted uses
SE · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
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
2006
Heating
NONE
Stories
2
Buildings
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
421 Yellowstone LLC
Entity
Mailing address
PO BOX 1767, MADISON, WI 53701-1767
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Feb 9, 2026
$1,850,000
421 Yellowstone LLC
Glen Rock Development LLC
Warranty Deed
—
Jul 27, 2020
$1,850,000
Glen Rock Dev LLC
P Towne Investments LLC
Warranty Deed
$1,250,000 · P Towne Investments LLC
Jul 18, 2008
$283,900
P Towne Investments LLC
Park Towne Dev Corp
Warranty Deed
$226,400 · Amcore Bank
Sep 13, 2006
—
Park Towne Dev Corp
—
Trustees Deed
related
$61,584 · Town Bank
Mar 7, 2006
—
Park Towne Dev Corp
Cbrf-madison LLC
Quit Claim Deed
related
$933,416 · Town Bank
—
—
Yellowstone Of Madison Invs LLC
—
Deed Of Trust
related
$995,000 · P Towne Investments LLC
—
—
P Towne Investments LLC
—
Deed Of Trust
related
$1,125,000 · Dmb Community 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.
Try Rey
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