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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Retail space
5602 University Ave Madison, WI 53705-1047
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0245455
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
2,276 SF
Lot
0.45 ac (19,749 SF)
Zoning code
NMX
APN
0709-182-1301-1
UPID
US92-0245455
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
-
Felly's Flowers (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Mc Petre Properties LLC · 5 yrs held
Mc Petre Properties LLC
since 2020
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
NMX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$754 / 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
$8,852
Tax year 2022
Assessed value
$521,000
Assessed 2023
Previous assessed
$451,000
+15.5% YoY
Effective rate
1.70%
On assessed value
Assessed land
$294,000
Assessed improvement
$227,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
2,276 SF
Lot
0.45 ac (19,749 SF)
Zoning code
NMX
APN
0709-182-1301-1
UPID
US92-0245455
Jurisdiction
DANE
Zoning & alternative use
NMX · Madison, WI
Zoning NMX · permitted uses
NMX · 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
1969
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mc Petre Properties LLC
Entity
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Mc Petre Properties LLC
—
Deed
related
$1,408,000 · First Business Bank
Sep 23, 2020
$2,100,000
Mc Petre Properties LLC
Fellys Flowers INC
Warranty Deed
$3,550,000 · Live Oak Banking Co
Dec 16, 2013
$253,000
Fellys Flowers INC
Coulee Bk
Warranty Deed
—
Oct 1, 2013
—
Coulee Bk
Gochanour Brothers INC
Quit Claim Deed
related
—
—
—
Gochanour Brothers INC
—
Deed Of Trust
related
$354,021 · Coulee 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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