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Property profile & analytics
OFF-MARKET
Estimated value
$7,255,000
Warehouses
4701 Tradewinds Pkwy Madison, WI 53718-6919
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0614285
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
50,000 SF
Lot
4.07 ac (177,115 SF)
Zoning code
IL
APN
0710-272-0503-0
UPID
US92-0614285
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
-
IKM Building Solutions General Contractor Construction Company
-
Illingworth-Kilgust Mechanical General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
$4.93M
Comparable Approach
Comparable
$7.56M
Blend (final)
Blend
$7.26M
Owner & transaction history
157 Rivington Corp · 2 yrs held
157 Rivington Corp
since 2023
Last sale
$7.0M
3 recorded transactions
Zoning & alternative use
IL · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.6M
+70.4%
Neighborhood: shopping center
$9.6M
+41.5%
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
$8,140,000
ML approach
$7,470,000
CAP Approach
CAP Return
Estimation
6%
$5,345,000
6.5%
$4,930,000
7%
$4,580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,785,000
Current use
OFFICE BUILDING
$11,560,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,600,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$7.26M
Range $6.53M – $7.98M · ±10% · vs last sale $7.00M (Oct 17 2023)
Last sale anchor
$7.00M
Oct 17 2023
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
$145 / 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
$82,347
Tax year 2022
Assessed value
$4,520,000
Assessed 2023
Previous assessed
$4,160,000
+8.7% YoY
Effective rate
1.82%
On assessed value
Assessed land
$705,000
Assessed improvement
$3,815,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
2
Stories
1
Total area
50,000 SF
Lot
4.07 ac (177,115 SF)
Zoning code
IL
APN
0710-272-0503-0
UPID
US92-0614285
Jurisdiction
DANE
Zoning & alternative use
IL · Madison, WI
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$6.8M
OFFICE BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Heating
NONE
Stories
1
Buildings
2
Lot
4.07 ac
Current owner
From public records · entity-resolved
157 Rivington Corp
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$7,000,000
157 Rivington Corp
Mpi Tradewinds I LLC
Special Warranty Deed
$3,200,000 · Minnesota Life Insurance Co
May 22, 2020
$1,047,300
Mpi Tradewinds I LLC
B & G Realty LLC
Grant Deed
—
Oct 4, 2006
$1,370,200
B & G Realty LLC
B & R Ents Of Madison LLC
Warranty Deed
—
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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