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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Hotels
706 John Nolen Dr, Madison, WI 53713-1422
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-1080792
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1972
Total area
4,992 SF
Lot
4.09 ac (177,986 SF)
Zoning code
SE
APN
0709-253-0109-9
UPID
US92-1080792
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
-
Sheraton Madison Hotel Hotel & Motel
-
The HUB Bar & Pub
-
The Market Cafe & Coffee Shop
-
lucky apartment Apartment Complex
-
Encore IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$545k
Owner & transaction history
Madison Hotel Property Investment L · 9 yrs held
Madison Hotel Property Investment L
since 2017
3 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+182.0%
Retail stores
$705,000
+152.1%
Medical building
$475,000
+68.6%
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
$620,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$790,000
Change: +182% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$475,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$380,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$109 / 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
$467,487
Tax year 2022
Assessed value
$23,420,500
Assessed 2023
Previous assessed
$23,596,400
-0.7% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,565,000
Assessed improvement
$21,855,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
8
Rooms
239
Total area
4,992 SF
Lot
4.09 ac (177,986 SF)
Zoning code
SE
APN
0709-253-0109-9
UPID
US92-1080792
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WI
Zoning SE · permitted uses
SE · 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
$790,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$380,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1972
Heating
NONE
Stories
8
Buildings
2
Rooms
239
Lot
4.09 ac
Current owner
From public records · entity-resolved
Madison Hotel Property Investment L
Entity
Free & Clear · 9 yrs held
Mailing address
801 BROAD ST STE #300, CHATTANOOGA, TN 37402-2668
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
—
Madison Hotel Prop Invs LLC
—
Trustees Deed
related
$6,000,000 · Commercial Bk
Apr 18, 2017
$19,250,000
Madison Hotel Property Investment L
Wm Madison Hotel LLC
Special Warranty Deed
—
Mar 6, 2007
—
Wm Madison Hotel LLC
Woodmen Of World Life Insurance S
Grant Deed
$15,875,000 · Capmark 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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