Property profile

53 Towne Mall Madison, WI 53719

OFF-MARKET
Strip malls
Property ID
US92-1189861
116,558 SF 16.28 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 116,558 SF
Lot 16.28 ac (709,026 SF)
Zoning code RMX
APN 0708-261-0099-6
UPID US92-1189861

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

53 Towne Mall Madison, WI 53719-1019
Madison metro Census 410 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.84M
Blend (final) Blend
$18.62M

Owner & transaction history

since 2023
Last sale
$18.8M
3 recorded transactions
2023
$18.8M
2019
Price N/A
2015
$7.2M

Zoning & alternative use

RMX · Madison, WI
Zoning description

ntial - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center…

General category MIXED_USE
Top alternative use upside
Office building $26.9M +20.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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