Warehouse with Overhead
112 N Madison, Waunakee, WI 53597
For Sale
$489,900
C-1D zoning accommodates a range of office, retail, and service uses.
Property Size1,824 SF
Price / SF$268.59
Days on Market15
Property Features for 112 N Madison
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Utilities to Site
Drive-In Doors
Land Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
RE/MAX Preferred
Listed By:
Acker Maly Home Team
(608) 212-2000
Source:
Madisonareahomesforsale
Added: Oct 24
Changed: Nov 4
Last Checked: Nov 6 at 8:53AM
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 RE/MAX Preferred
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding warehouse contains 1,824 square feet, including private office space and 1.5 baths. Three 10-foot overhead doors provide access to the interior, and the building has a metal roof. A natural gas hookup is located outside the building. The property includes a lot of more than one-half acre with parking for cars, trucks, and machinery.
The site fronts Six Mile Creek and sits across from the public library, one block from Main Street in Waunakee. C-1D zoning supports a range of office, retail, and service uses.
The site fronts Six Mile Creek and sits across from the public library, one block from Main Street in Waunakee. C-1D zoning supports a range of office, retail, and service uses.
Key Highlights
- 1,824‑square‑foot freestanding warehouse
- Three 10‑foot overhead doors
- More than one‑half‑acre lot with parking for cars, trucks, and machinery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,745
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,900
$434.9K
Cap Rate 7%
$310,643
$310.6K
Cap Rate 9%
$241,611
$241.6K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$26.3K $14.40/SF
− Vacancy
−$683 −$0.37/SF
EGI
$25.6K $14.03/SF
− OpEx
−$3.8K −$2.10/SF
NOI
$21.7K $11.92/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,900
Cap Rate 7%
$310,643
Cap Rate 9%
$241,611
Alternative Uses
Best Use
Warehouse
$310.6K
$271.8K – $362.4K
NOI $21,745 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.9K
$370.9K – $494.5K
NOI $29,670 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Dane County, WI
Properties on Market for Warehouses in Dane County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Waunakee Mini-Storage — 800 S Division St, Waunakee, WI 53597
- Cooper Road Self Storage — 610 Cooper Rd, Waunakee, WI 53597
- H & H Self Storage — 505 Sunset Ln, Waunakee, WI 53597
Frequently Asked Questions
What type of property is this?
Warehouse - C-1D zoning accommodates a range of office, retail, and service uses.
Where is this warehouse located?
The property is located at 112 N Madison Waunakee, WI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 1,824‑square‑foot freestanding warehouse; Three 10‑foot overhead doors; More than one‑half‑acre lot with parking for cars, trucks, and machinery
