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Property profile & analytics
OFF-MARKET
Estimated value
$22,610,000
Office buildings
505 Rosa Rd Madison, WI 53719-1262
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0871067
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1999
Total area
115,479 SF
Lot
10.55 ac (459,471 SF)
Zoning code
SE
APN
0709-302-0303-2
UPID
US92-0871067
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
-
Thermo Fisher Scientific Corporate Office
-
Pan Genome Systems Biotechnology Engineer
-
University Research Park Laboratory University
-
Calimetrix Corporate Office
-
SciArt Software, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.37M
Blend (final)
Blend
$22.61M
Owner & transaction history
University Research Park INC · 7 yrs held
University Research Park INC
since 2019
4 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
Commercial (general)
$33.9M
+27.2%
Auto repair, garage
$32.6M
+21.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,695,000
Current use
COMMERCIAL (GENERAL)
$33,945,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$32,550,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,165,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$22.61M
Range $20.35M – $24.87M · ±10%
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
$196 / 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
$276,042
Tax year 2022
Assessed value
$14,275,900
Assessed 2023
Previous assessed
$13,935,000
+2.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,190,000
Assessed improvement
$12,085,900
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
2
Stories
2
Total area
115,479 SF
Lot
10.55 ac (459,471 SF)
Zoning code
SE
APN
0709-302-0303-2
UPID
US92-0871067
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
OFFICE BUILDING Current
Est. value
$26.7M
COMMERCIAL (GENERAL)
Est. value
$33.9M
AUTO REPAIR, GARAGE
Est. value
$32.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1999
Heating
NONE
Stories
2
Buildings
2
Lot
10.55 ac
Current owner
From public records · entity-resolved
University Research Park INC
Entity
Mailing address
505 S ROSA RD STE #201, MADISON, WI 53719-1277
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
—
University Research Park INC
—
Grant Deed
related
$3,200,000 · First Busn Bk
Oct 5, 2018
—
Urp Innovation I LLC
—
Grant Deed
related
$2,600,000 · Miscellaneous Govt Agcy
Oct 4, 2018
—
Urp Innovation I LLC
—
Deed Of Trust
related
$30,500,000 · First Busn Bk
—
—
University Research Park INC
—
Deed Of Trust
related
$17,316,500 · First Business 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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