Class A Office Building Investment

1002 Deming Way, Madison, WI 53717

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For Sale

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Fully leased Class A office building in Madison, Wisconsin.

Type:Office

Property size:

38,395 SF

Lot size:

9.20 Acres

Price / SF:

$234/SF

HighLights

Fully leased to Singlewire Software through May 31, 2034, with renewal options.
Located in the desirable Old Sauk Trails Business Park.
Class A office building totaling 38,395 square feet on a 9.2‑acre wooded lot.
Substantial refurbishment in 2018 including a new roof and interior finishes.
Abundant surface parking and excess land for future expansion.
Conveniently located near dining, retail, and hotel accommodations.

We can help!

Contact an agent

Tim Rikkers

For Sale

Contact for pricing

Fully leased Class A office building in Madison, Wisconsin.

Type:Office

Property size:

38,395 SF

Lot size:

9.20 Acres

Price / SF:

$234/SF

Added:: Mar 12, 2025
Days on Market:: 479
Last Refresh:: Mar 16 at 1:11 pm

Property Features for 1002 Deming Way

General Information

Standard status: Active
Size: 38,395 SF
Lot size: 9.20 Acres
Property subtype: Office

Building Details

Year Built: 1994

We can help!

Contact an agent

Tim Rikkers

Listing office Cresa Madison

Listing date Mar 12, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cresa Madison

HighLights

Fully leased to Singlewire Software through May 31, 2034, with renewal options.
Located in the desirable Old Sauk Trails Business Park.
Class A office building totaling 38,395 square feet on a 9.2‑acre wooded lot.
Substantial refurbishment in 2018 including a new roof and interior finishes.
Abundant surface parking and excess land for future expansion.
Conveniently located near dining, retail, and hotel accommodations.

Overview

Located at 1002 Deming Way in Madison, WI, this two-story, Class A office building offers a premier investment opportunity. The building, totaling 38,395 square feet, is situated on a 9.2-acre wooded lot within the Old Sauk Trails Business Park on Madison's West Side. Constructed in 1994 and refurbished in 2018, the property features a new roof, interior finishes, kitchen area, locker rooms with showers, heat pumps, and boilers. The property is fully leased to Singlewire Software, a software company, which uses the building as its corporate headquarters. The current lease extends through May 31, 2034, and includes two additional 5-year renewal options. The property provides abundant surface parking and excess land available for future expansion. Its location offers convenient access to dining, retail, and hotel accommodations.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.01M	$26.40
− Vacancy	−$150.0k	−$3.91
EGI	$863.6k	$22.49
− OpEx	−$215.9k	−$5.62
NOI	$647.7k	$16.87

38,395 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$9.25M

$8.10M – $10.80M (±1% cap)

NOI $647,708 @ 7.0% cap · market cap 7.20%

Second Best

—

no second resolved use

Theoretical Best

Office A

$11.22M

$9.81M – $13.09M (±1% cap)

NOI $785,101 @ 7.0% cap · market cap 8.72%

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

Property Profile Location Intelligence

Current Use by Public Records

Singlewire Software (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.5353692
Latitude: 43.0798099

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For sale
Office buildings
WI
Madison
53717
1002 Deming Way

What type of property is this?

Office building - Fully leased Class A office building in Madison, Wisconsin.

Where is this office building located?

The property is located at 1002 Deming Way Madison, WI.

What is the asking price?

The asking price for this property is $9,000,000.

What are key features of this property?

This property features: Fully leased to Singlewire Software through May 31, 2034, with renewal options.; Located in the desirable Old Sauk Trails Business Park.; Class A office building totaling 38,395 square feet on a 9.2‑acre wooded lot.