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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Auto shops
422 Commerce Dr Madison, WI 53719-4918
Entity Owned
~
Est. High Equity
Property ID
US92-3464370
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1992
Total area
3,000 SF
Lot
0.48 ac (20,767 SF)
Zoning code
CC
APN
0708-271-0106-8
UPID
US92-3464370
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
-
Simon Gustavo Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$705k
Owner & transaction history
Tec Holdings 422 LLC
Tec Holdings 422 LLC
since 2025
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+24.5%
Commercial (general)
$880,000
+4.3%
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
$705,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$845,000
Current use
RETAIL STORES
$1,055,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $675k (Nov 24 2025)
Last sale anchor
$675k
Nov 24 2025
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
$235 / 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
$11,962
Tax year 2022
Assessed value
$645,000
Assessed 2023
Previous assessed
$633,000
+1.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$275,000
Assessed improvement
$370,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
0.48 ac (20,767 SF)
Zoning code
CC
APN
0708-271-0106-8
UPID
US92-3464370
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
AUTO REPAIR, GARAGE Current
Est. value
$845,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$880,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1992
Heating
NONE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Tec Holdings 422 LLC
Entity
Mailing address
19 WASHINGTON PL, MADISON, WI 53703-3907
Ownership since
2025
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
Mar 27, 2026
—
Tec Holdings 422 LLC
—
Deed
related
$500,000 · Bank Of Deerfield
Nov 24, 2025
$675,000
Tec Holdings 422 LLC
Plh & Associates 422 Commerce LLC
Warranty Deed
$540,000 · Bank Of Deerfield
Dec 27, 2022
$645,000
Plh & Associates-422 Commerce LLC
422 Commerce LLC
Warranty Deed
$516,000 · Citizens State Bank La Crosse
Apr 30, 2014
—
422 Commerce LLC
Shapiro,james A
Quit Claim Deed
related
—
Aug 5, 2013
—
416 Commerce LLC
Shapiro,james A
Quit Claim Deed
related
—
Nov 17, 2006
$520,000
James A Shapiro
B & G Investments LLC
Warranty Deed
—
—
—
James A Shapiro
—
Deed Of Trust
related
$355,000 · Oak 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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