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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Investment properties
505 Cottage Grv Rd Madison, WI 53716-1163
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0789646
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1973
Total area
2,597 SF
Lot
0.24 ac (10,620 SF)
Zoning code
CC-T
APN
0710-093-0118-7
UPID
US92-0789646
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
-
NewBridge Madison- East Charitable Organization Social Service Agency
-
Hair Majesty Beauty Salon Hair Salon Nail Salon
-
Gary Ellis Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$905k
Owner & transaction history
Rcr Trio LLC · 2 yrs held
Rcr Trio LLC
since 2023
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
CC-T · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$910,000
+19.4%
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
$1,035,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
RETAIL STORES
$910,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $890k (Jul 27 2023)
Last sale anchor
$890k
Jul 27 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
$348 / 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
$13,627
Tax year 2022
Assessed value
$765,000
Assessed 2023
Previous assessed
$692,000
+10.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$50,000
Assessed improvement
$715,000
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
1973
Heating
NONE
Stories
2
Units
4
Total area
2,597 SF
Lot
0.24 ac (10,620 SF)
Zoning code
CC-T
APN
0710-093-0118-7
UPID
US92-0789646
Jurisdiction
DANE
Zoning & alternative use
CC-T · Madison, WI
Zoning CC-T · permitted uses
CC-T · 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
$765,000
RETAIL STORES
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$730,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1973
Heating
NONE
Stories
2
Units
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Rcr Trio LLC
Entity
Mailing address
103 RIV PL, MONONA, WI 53716-4018
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$890,000
Rcr Trio LLC
Brooklyn Properties LLC
Warranty Deed
$750,000 · Lake Ridge Bank
Jul 27, 2023
—
Dane County Family Acupuncture LLC
—
Deed
related
$250,000 · City Of Madison
Oct 7, 2020
$692,200
Brooklyn Properties LLC
Kenneth G Bowers
Warranty Deed
$553,700 · Union Federal Savings & Loan
—
—
Kenneth G Bowers
—
Deed Of Trust
related
$240,000 · Mcfarland State Bank
—
—
Kenneth G Bowers
—
Deed Of Trust
related
$47,314 · Mcfarland State Bank
—
—
Kenneth G Bowers
—
Deed Of Trust
related
$232,500 · Mcfarland State Bank
—
—
Kenneth G Bowers
—
Deed Of Trust
related
$360,000 · Mcfarland 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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