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    2402 S Stoughton Road Madison, WI 53704

    View on Map
    For Sale
    Under Contract
    $1,499,999

    Retail,Office,Service,Automotive - Madison, WI

    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 2402 S Stoughton Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    cc-t
    Parking
    56
    Parking features
    Paved or Surfaced
    Security features
    Security System
    Interior features
    Overhead doors, Public rest rooms, Private Restrooms, Reception area, Security system
    Exterior features
    Signage available
    Standard status
    Active Under Contract
    APN
    071016417141

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    19597

    Utilities

    Heating system
    Forced Air, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Mistretta

    Listing agent Scott Mistretta

    Listing office Net More Realty 1209 Lathrop Ln, Waunakee, WI

    Listing date Mar 24, 2026

    MLS# 1987633 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Automotive Facility on Stoughton Road

    This property is a state-of-the-art, turnkey automotive sales and repair facility located on Stoughton Road in Madison, Wisconsin. The property includes a reception area, break room, six sales offices, and offices for a finance manager, sales manager, and parts/service writer. It also features men's and women's restrooms, a tech's restroom, and radiant floor heating in the showroom. The facility is equipped with two hoists and three overhead doors. There is room for 140-150 vehicles. Surveillance cameras and LED light poles are installed, providing daylight at night. The property is zoned CC-T, allowing for various business possibilities beyond automotive sales and service. It is situated next to Farm & Fleet on Hwy 51, also known as Stoughton Rd, benefiting from high traffic volume in Dane County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Kriete Leasing & Rental LLC — 3722 Commercial Ave, Madison, WI 53704
    • Encore Limousine And Sedan — 4423 Robertson Rd, Madison, WI 53714
    • Alliance All Stor — 121 S Stoughton Rd, Madison, WI 53714
    • U-Haul Neighborhood Dealer — 3936 Commercial Ave, Madison, WI 53714

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.310631
    Latitude
    43.063822

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    FAQs

    What type of property is this?
    Automotive property - State-of-the-art automotive sales and repair facility in Madison, WI.
    Where is this automotive property located?
    The property is located at 2402 S Stoughton Road Madison, WI.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: High‑traffic location on Hwy 51/Stoughton Rd, next to Farm & Fleet.; **Turnkey automotive sales and repair facilities with state‑of‑the‑art features.**; CC‑T zoning allows for diverse business opportunities beyond automotive.
    (608) 575-4790
    We can help!
    Listing Contact
    Scott Mistretta
    Real Estate License ID: 4226990
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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