Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$14,475,000
Retail properties & Spaces
7433 Mineral Pt Rd Madison, WI 53717-1703
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0744725
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1984
Total area
62,263 SF
Lot
4.63 ac (201,683 SF)
Zoning code
RMX
APN
0708-261-0090-4
UPID
US92-0744725
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
-
Barnes & Noble (Bike/Boat/Book/etc) Store
-
Barnes & Noble Cafe - West Towne Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.67M
CAP Approach
CAP
$13.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.48M
Owner & transaction history
Cbl West Towne Crossing Op Propco L · 4 yrs held
Cbl West Towne Crossing Op Propco L
since 2022
Last sale
$17.8M
3 recorded transactions
Zoning & alternative use
RMX · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ntial - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: 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 DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixe…
Zone name
Regional Mixed Use District
General category
MIXED_USE
Zone area
531.23 ac
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
$19,430,000
ML approach
$9,670,000
CAP Approach
CAP Return
Estimation
6%
$14,845,000
6.5%
$13,700,000
7%
$12,725,000
Alternative Use
Use
Estimation
RETAIL STORES
$21,855,000
Current use
RESTAURANT
$20,750,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,305,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,550,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$14.48M
Range $13.03M – $15.92M · ±10% · vs last sale $17.80M (Jun 21 2022)
Last sale anchor
$17.80M
Jun 21 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
$232 / 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
$71,585
Tax year 2022
Assessed value
$4,469,100
Assessed 2023
Previous assessed
$3,534,000
+26.5% YoY
Effective rate
1.60%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$2,469,100
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
1984
Heating
NONE
Buildings
2
Stories
1
Total area
62,263 SF
Lot
4.63 ac (201,683 SF)
Zoning code
RMX
APN
0708-261-0090-4
UPID
US92-0744725
Jurisdiction
DANE
Zoning & alternative use
RMX · Madison, WIZoning RMX · permitted uses
RMX · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ntial - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: 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 DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts
Zone name
Regional Mixed Use District
General category
MIXED_USE
Zone area
531.23 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$21.9M
RESTAURANT
Est. value
$20.8M
COMMERCIAL (GENERAL)
Est. value
$18.3M
AUTO REPAIR, GARAGE
Est. value
$17.6M
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
1984
Heating
NONE
Stories
1
Buildings
2
Lot
4.63 ac
Current owner
From public records · entity-resolved
Cbl West Towne Crossing Op Propco L
Individual
Mailing address
2030 HAMILTON PL BLVD, CHATTANOOGA, TN 37421-6038
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$17,799,400
Cbl West Towne Crossing Op Propco L
Madison Joint Venture LLC
Special Warranty Deed
$360,000,000 · Beal Bank USA
Feb 5, 2019
—
Madison Jv LLC
Venture,madison J
Quit Claim Deed
related
—
Nov 6, 2009
—
Madison
—
Deed Of Trust
related
$560,000,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7433 Mineral Pt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
