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    5264 Anton Dr Fitchburg, WI 53719

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    For Sale
    $1,800,000

    Event space with high visibility and ample parking near downtown.

    Property size:
    9,975 SF
    Lot size:
    1.20 Acres
    Added:
    Jan 17, 2025
    Days on Market:
    465
    Last Refresh:
    Jan 20 at 9:34 am

    Property Features for 5264 Anton Dr

    General Information

    Standard status
    Active
    Size
    9,975 SF
    Lot size
    1.20 Acres

    We can help!

    Listing Contact
    Stephanie Kohl
    Stephanie Kohl

    Listing agent Stephanie Kohl

    Listing office Compass Real Estate Wisconsin

    Listing date Jan 17, 2025

    Source Exprealty

    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 Compass Real Estate Wisconsin

    Overview

    Event Space Near Downtown Madison

    This property, located 15 minutes from downtown Madison, offers high visibility with a daily traffic count exceeding 50,000 vehicles and is situated 2 miles from the Beltline highway. The building features 9,975 square feet of indoor event space, a 1,320 square foot basement, and a 1,932 square foot outdoor patio, all set on a 1.2-acre lot with over 85 parking stalls. The building has a capacity of 500+ with a use permit for 300. A 60-foot bar is a prominent feature. Originally renovated in 2015 into a fitness studio with new furnaces, roof, sprinkler system, and security system, it retains electrical, plumbing, and venting systems suitable for a commercial kitchen. In 2024, it was renovated into an event space, including a bridal prep space, private groom space, catering kitchen, ceremony space, bar area, and dinner and dance area, accommodating 200-250 wedding guests. Some business FF&E may be included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Similar Places Nearby

    • Starbucks — 2920 Fitchrona Rd, Fitchburg, WI 53719
    • Starbucks — 6321 McKee Rd, Fitchburg, WI 53719
    • Hy-Vee Market Grille — 2920 Fitchrona Rd, Fitchburg, WI 53719
    • Yahara Bay Distillers Inc — 6250 Nesbitt Rd #200, Madison, WI 53719
    • Wahlburgers @ Hy-Vee — 2920 Fitchrona Rd, Fitchburg, WI 53719

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5019
    Latitude
    43.028

    Nearby Similar for Sale

    • $2,500,000
      12,250 SF

      Fitchburg Retail/Office Building For Sale

      Class B+ retail/office building in Fitchburg, Wisconsin.
      6200 Nesbitt Rd, Fitchburg, WI
      View Details
    • $2,375,000
      17,520 SF

      Fitchburg Retail/Industrial Space Available

      17,520 SF retail/industrial space for lease in Fitchburg.
      5350 King James Way, Fitchburg, WI
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Event space with high visibility and ample parking near downtown.
    Where is this bar & pub located?
    The property is located at 5264 Anton Dr Fitchburg, WI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime location: Just 15 minutes from downtown Madison with high visibility and easy access to Beltline highway.; Large indoor event space: Features 9,975 sqft, plus a 1,932 sqft outdoor patio.; High capacity: Building capacity 500+, use permit for 300, and event space capacity for 200‑250 wedding guests.
    (608) 345-1461
    We can help!
    Listing Contact
    Stephanie Kohl
    Stephanie Kohl
    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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