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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Showrooms
518 Tasman St, Madison, WI 53714-3100
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0245639
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Total area
5,400 SF
Lot
0.77 ac (33,464 SF)
Zoning code
IL
APN
0710-091-0506-8
UPID
US92-0245639
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
-
Celletech Limited Industrial Manufacturer Production Facility
-
National Homeopathic Products Alternative Medicine Practice
-
Kent & Allen Co Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$840k
Owner & transaction history
Keiner Capital LLC · 2 yrs held
Keiner Capital LLC
since 2024
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
IL · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $840k (Mar 15 2024)
Last sale anchor
$840k
Mar 15 2024
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
$156 / 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
$12,187
Tax year 2022
Assessed value
$651,200
Assessed 2023
Previous assessed
$619,300
+5.2% YoY
Effective rate
1.87%
On assessed value
Assessed land
$101,000
Assessed improvement
$550,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
2
Stories
1
Total area
5,400 SF
Lot
0.77 ac (33,464 SF)
Zoning code
IL
APN
0710-091-0506-8
UPID
US92-0245639
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.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Buildings
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Keiner Capital LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$840,000
Keiner Capital LLC
Tasman Building LLC
Warranty Deed
$672,000 · Oak Bank
Jan 19, 2018
—
Tasman Building LLC
—
Deed
related
$299,926 · Associated Bk NA
Mar 18, 2016
—
Temple E Palmer
Tas Man Street Building Corp
Quit Claim Deed
related
—
—
—
Tasman Street Building Corp
—
Deed Of Trust
related
$41,500 · John W JR Cain
—
—
Tasman Street Building Corp
—
Deed Of Trust
related
$157,590 · Associated Bank
—
—
Tasman Building LLC
—
Loan Modification
related
$299,926 · Associated Bk NA
—
—
Tasman Street Building Corp
—
Deed Of Trust
related
$38,500 · John W JR Cain
—
—
Tasman Street Building Corp
—
Deed Of Trust
related
$41,500 · Andrea E Torres
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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