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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Hotels
722 John Nolen Dr Madison, WI 53713-1422
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-3501746
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Total area
45,048 SF
Lot
1.29 ac (56,105 SF)
Zoning code
SE
APN
0709-253-0111-4
UPID
US92-3501746
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
-
Electron Charger Charging Station Electric Vehicle Charging Station
-
Fairfield Inn & Suites Madison South Hotel & Motel
-
Fairfield Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.99M
Owner & transaction history
Nolen Drive Hotel Property Investme · 4 yrs held
Nolen Drive Hotel Property Investme
since 2022
Last sale
$6.4M
6 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Industrial - General Special Dist…
Zone name
Suburban Employment District
General category
INDUSTRIAL
Zone area
1,653.41 ac
Top alternative use upside
Restaurant
$8.3M
+226.5%
Auto repair, garage
$7.1M
+182.0%
Retail stores
$6.4M
+152.1%
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
$6,985,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
$4,620,000
6.5%
$4,265,000
7%
$3,960,000
Alternative Use
Use
Estimation
RESTAURANT
$8,265,000
Change: +226% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,135,000
Change: +182% · Conversion: Difficult
RETAIL STORES
$6,380,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$4,265,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,060,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±10% · vs last sale $6.40M (Jun 3 2022)
Last sale anchor
$6.40M
Jun 3 2022
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
$155 / 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
$100,954
Tax year 2022
Assessed value
$6,400,000
Assessed 2023
Previous assessed
$5,099,000
+25.5% YoY
Effective rate
1.58%
On assessed value
Assessed land
$550,000
Assessed improvement
$5,850,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Heating
NONE
Stories
4
Rooms
91
Total area
45,048 SF
Lot
1.29 ac (56,105 SF)
Zoning code
SE
APN
0709-253-0111-4
UPID
US92-3501746
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WIZoning SE · permitted uses
SE · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Industrial - General Special Districts A: Agricultural UA: Urban Agricultural CN: Conservancy PR: Parks and Recreat
Zone name
Suburban Employment District
General category
INDUSTRIAL
Zone area
1,653.41 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Stories
4
Rooms
91
Lot
1.29 ac
Current owner
From public records · entity-resolved
Nolen Drive Hotel Property Investme
Entity
Mailing address
801 BROAD ST STE #200, CHATTANOOGA, TN 37402-2631
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
Nolen Drive Hotel Property Investme
—
Deed
related
$10,950,000 · One Community Bank
Aug 5, 2022
—
Nolen Drive Hotel Property Investme
—
Deed
related
$5,000,000 · Farmers Bank & Trust NA
Jun 3, 2022
$6,400,000
Nolen Drive Hotel Property Investme
Rest Well Inn South Central Madison
Warranty Deed
—
Dec 21, 2020
—
South Central Madison LLC
—
Deed
related
$2,500,000 · Starion Financial
Oct 10, 2007
—
Rest Well Inn South Ctrl Madis
—
Deed Of Trust
related
$2,000,000 · First Business Bank
—
—
Rest Well Inn South Central Ma
—
Deed Of Trust
related
$500,000 · First Business 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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