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Property profile & analytics
OFF-MARKET
Estimated value
$12,515,000
Hotels
4802 Tradewinds Pkwy Madison, WI 53718-6923
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-3390922
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
94,440 SF
Lot
4.42 ac (192,492 SF)
Zoning code
SE
APN
0710-272-0303-4
UPID
US92-3390922
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
-
Sleep Inn & Suites Hotel & Motel
-
KGW Management Company, LLC Business Management Consultant
-
MainStay Suites Madison - Monona Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.46M
CAP Approach
CAP
$8.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.52M
Owner & transaction history
Madcity Lodging LLC · 2 yrs held
Madcity Lodging LLC
since 2023
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Industrial - General Special Dist…
Zone name
Suburban Employment District
General category
INDUSTRIAL
Zone area
1,653.41 ac
Top alternative use upside
Restaurant
$17.3M
+226.5%
Retail stores
$13.4M
+152.1%
Medical building
$8.9M
+68.6%
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
$15,875,000
ML approach
$10,460,000
CAP Approach
CAP Return
Estimation
6%
$9,690,000
6.5%
$8,945,000
7%
$8,305,000
Alternative Use
Use
Estimation
RESTAURANT
$17,320,000
Change: +226% · Conversion: Difficult
RETAIL STORES
$13,375,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$8,945,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,665,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$12.52M
Range $11.26M – $13.77M · ±10% · vs last sale $13.65M (Oct 18 2023)
Last sale anchor
$13.65M
Oct 18 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
$133 / 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
$166,364
Tax year 2022
Assessed value
$8,400,000
Assessed 2023
Previous assessed
$8,400,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$580,000
Assessed improvement
$7,820,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
3
Rooms
156
Total area
94,440 SF
Lot
4.42 ac (192,492 SF)
Zoning code
SE
APN
0710-272-0303-4
UPID
US92-3390922
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WIZoning SE · permitted uses
SE · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Industrial - General Special Districts A: Agricultural UA: Urban Agricultural CN: Conservancy PR: Parks and Recreat
Zone name
Suburban Employment District
General category
INDUSTRIAL
Zone area
1,653.41 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.3M
RETAIL STORES
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2009
Heating
NONE
Stories
3
Rooms
156
Lot
4.42 ac
Current owner
From public records · entity-resolved
Madcity Lodging LLC
Entity
Mailing address
600 BOULDER TRL, WAUNAKEE, WI 53597-3134
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
—
Madcity Lodging LLC
—
Deed
related
$4,202,000 · Wbd INC
Oct 18, 2023
$13,650,000
Madcity Lodging LLC
Beltline Hotel Partners II LLC
Warranty Deed
$6,850,000 · Prevail Bank
Apr 25, 2022
—
Beltline Hotel Partners II LLC
—
Deed
related
$1,000,000 · Us Small Business Admn
Nov 30, 2018
—
Beltline Hotel Partners II LLC
—
Deed
related
$4,425,500 · Monona Bk
Nov 29, 2018
—
Beltline Hotel Partners II LLC
—
Deed
related
$2,767,000 · Private Individual
Mar 31, 2017
—
Beltline Hotel Partners II LLC
—
Trustees Deed
related
$4,425,500 · Monona St Bk
Sep 18, 2008
—
Beltline Hotel Partners II LLC
—
Trustees Deed
related
$4,750,000 · Monona State Bank
Jun 3, 2008
$519,000
Beltline Hotel Partners II LLC
B & R Ents Of Madison LLC
Warranty Deed
—
—
—
Beltline Hotel Partners II LLC
—
Deed Of Trust
related
$4,425,500 · Monona Bk
—
—
Beltline Hotel Partners II LLC
—
Deed Of Trust
related
$2,767,000 · Private Individual
—
—
Beltline Hotel Partners II LLC
—
Deed Of Trust
related
$222,500 · Monona State 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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