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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
995 Applegate Rd Madison, WI 53713-3279
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-3408360
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1955
Total area
2,028 SF
Lot
0.93 ac (40,406 SF)
Zoning code
IL
APN
0709-353-0506-5
UPID
US92-3408360
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
-
Jair Alvarez Attorney at Law Law Firm
-
Madison Criminal Defense Lawyer Law Firm
-
Diaz Law Firm LLC Law Firm Financial Advisor
-
swiftpmc.com Landscaping General Contractor
-
Inner Source Counseling Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$690k
Owner & transaction history
7g LLC · 3 yrs held
7g LLC
since 2023
Last sale
$672,000
7 recorded transactions
Zoning & alternative use
IL · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses designed with adequate landscaping and screening to ensure compatibility with adjoining uses
Zone name
Industrial Limited District
General category
INDUSTRIAL
Zone area
3,203.92 ac
Source
Realmo
Top alternative use upside
Retail stores
$710,000
+51.8%
Auto repair, garage
$570,000
+21.9%
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
$780,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Current use
RETAIL STORES
$710,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$570,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $672k (Apr 6 2023)
Last sale anchor
$672k
Apr 6 2023
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
$340 / 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
$13,231
Tax year 2022
Assessed value
$672,000
Assessed 2023
Previous assessed
$672,000
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$195,000
Assessed improvement
$477,000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Total area
2,028 SF
Lot
0.93 ac (40,406 SF)
Zoning code
IL
APN
0709-353-0506-5
UPID
US92-3408360
Jurisdiction
DANE
Zoning & alternative use
IL · Madison, WIZoning IL · permitted uses
IL · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses designed with adequate landscaping and screening to ensure compatibility with adjoining uses
Zone name
Industrial Limited District
General category
INDUSTRIAL
Zone area
3,203.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$470,000
RETAIL STORES
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$570,000
OFFICE BUILDING Current
RETAIL STORES
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
1955
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
7g LLC
Entity
Mailing address
33 E MAIN ST STE #400, MADISON, WI 53703-3095
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
925 Applegate LLC
—
Deed
related
$4,310,000 · Fortify Bank
Apr 6, 2023
$800,000
7g LLC
Wp Holdings LLC
Quit Claim Deed
$720,000 · Fortify Bank
Feb 6, 2017
—
Bls Properties Of Wisconsin LLC
—
Deed
related
$249,134 · Oak Bank
Jan 9, 2014
$275,000
Wp Holdings LLC
Bls Properties Of Wisconsin LLC
Warranty Deed
$220,000 · Capitol Bank
Feb 23, 2009
—
Bls Properties Of Wi LLC
Stoltenberg,becky
Warranty Deed
—
Feb 9, 2009
—
Becky Stoltenberg
S & L Invs Lndg INC
Warranty Deed
—
—
—
S & L Investment Lending INC
—
Deed Of Trust
related
$635,000 · Oak 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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