New search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Specialty properties
6021 University Ave, Madison, WI 53705-1053
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0989158
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1974
Total area
5,916 SF
Lot
1.64 ac (71,569 SF)
Zoning code
NMX
APN
0708-131-0619-7
UPID
US92-0989158
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
-
Cress Funeral & Cremation Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Cress-university LLC · 14 yrs held
Cress-university LLC
since 2012
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$935,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$840,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$520,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$99 / 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
$39,031
Tax year 2022
Assessed value
$1,988,600
Assessed 2023
Previous assessed
$1,974,000
+0.7% YoY
Effective rate
1.96%
On assessed value
Assessed land
$473,000
Assessed improvement
$1,515,600
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
5,916 SF
Lot
1.64 ac (71,569 SF)
Zoning code
NMX
APN
0708-131-0619-7
UPID
US92-0989158
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$615,000
MEDICAL BUILDING
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$455,000
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Cress-university LLC
Entity
Free & Clear · 14 yrs held
Mailing address
3610 SPEEDWAY RD, MADISON, WI 53705-3763
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Oct 31, 2024
—
Cress-university LLC
—
Deed
related
$450,000,000 · Bank Of Montreal
Mar 2, 2020
—
Cress-university LLC
—
Deed
related
$175,000,000 · National Bk/canada
Nov 5, 2019
—
Cress-university LLC
—
Deed
related
$175,000,000 · National Bk/canada
Oct 22, 2012
—
Cress-university LLC
—
Trustees Deed
related
$1,600,000 · First Business Bank
May 4, 2012
—
Cress-university LLC
Sanfillippo,s D
Warranty Deed
—
—
—
Cress-university LLC
—
Deed Of Trust
related
$175,000,000 · National Bk/canada
—
—
Cress-university LLC
—
Deed Of Trust
related
$175,000,000 · National Bk/canada
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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