Property profile

661 State St Madison, WI 53703

OFF-MARKET
Turn key restaurants
Property ID
US92-1159274
2,574 SF 0.07 ac lot Built 1955
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Total area 2,574 SF
Lot 0.07 ac (2,838 SF)
Zoning code DC
APN 0709-232-0306-5
UPID US92-1159274

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
  • Cafe & Coffee Shop

Location

661 State St Madison, WI 53703-1049
Madison metro Census 1603 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$750k
Blend (final) Blend
$815k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2014
Price N/A
2009
$1.1M
2008
Price N/A

Zoning & alternative use

DC · Madison, WI
Zoning description

: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $1.3M +50.8%
Retail stores $905,000 +5.3%

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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