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Property profile & analytics
OFF-MARKET
Estimated value
$7,750,000
Retail properties & Spaces
7333 Towne Way, Madison, WI 53719-1028
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-3409903
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1991
Total area
28,102 SF
Lot
4.14 ac (180,295 SF)
Zoning code
RMX
APN
0708-261-0085-5
UPID
US92-3409903
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
-
MSCR-Goodman-Rotary 50 Plus Gym & Fitness Center
-
MSCR West Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.75M
CAP Approach
CAP
$6.19M
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$7.75M
Owner & transaction history
Madison Metropolitan School Distric · 1 yrs held
Madison Metropolitan School Distric
since 2024
Last sale
$7.8M
6 recorded transactions
Zoning & alternative use
RMX · 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
$7,750,000
ML approach
$7,750,000
CAP Approach
CAP Return
Estimation
6%
$6,700,000
6.5%
$6,185,000
7%
$5,740,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,865,000
Current use
RESTAURANT
$9,365,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,260,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,920,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.75M
Range $6.98M – $8.53M · ±10% · vs last sale $7.75M (Dec 27 2024)
Last sale anchor
$7.75M
Dec 27 2024
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
$276 / 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
$76,104
Tax year 2022
Assessed value
$4,002,000
Assessed 2023
Previous assessed
$3,812,000
+5.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,788,000
Assessed improvement
$2,214,000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
2
Stories
1
Total area
28,102 SF
Lot
4.14 ac (180,295 SF)
Zoning code
RMX
APN
0708-261-0085-5
UPID
US92-3409903
Jurisdiction
DANE
Zoning & alternative use
RMX · Madison, WI
Zoning RMX · permitted uses
RMX · 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
RETAIL STORES Current
Est. value
$9.9M
RESTAURANT
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1991
Heating
NONE
Stories
1
Buildings
2
Lot
4.14 ac
Current owner
From public records · entity-resolved
Madison Metropolitan School Distric
Individual
Mailing address
PO BOX 44507, MADISON, WI 53744-4507
Ownership since
2024
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
Dec 27, 2024
$7,750,000
Madison Metropolitan School Distric
Capitol West Towne LLC
Warranty Deed
—
Aug 27, 2015
—
Capitol West Towne LLC
—
Trustees Deed
related
$6,000,000 · First Busn Bk
Mar 1, 2007
$4,400,000
Capitol West Towne LLC
Greenway Center LLC
Warranty Deed
$3,740,000 · First Business Bank
Mar 1, 2007
$3,900,000
Greenway Center LLC
Meredith Drug Limited
Warranty Deed
—
—
—
Capitol West Towne LLC
—
Deed Of Trust
related
$200,000 · Lawrence A Lange
—
—
Capitol West Towne LLC
—
Deed Of Trust
related
$200,000 · Duane A & Lucille A Strassman
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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