Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    708 Heartland Trl Madison, WI 53717

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class-A space suitable for office, lab, manufacturing, and warehouse uses.

    Property size:
    4,338 SF
    Lot size:
    2.37 Acres

    Property Features for 708 Heartland Trl

    General Information

    Size
    4,338 SF
    Lot size
    2.37 Acres

    We can help!

    Listing Contact
    Kyle Robb, Ccim
    Source: Moodyscre

    Listing Agency: RFA Asset Management Listing Agent: Kyle Robb, Ccim

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

    Learn more

    Overview

    Versatile Office, Lab, Warehouse Space

    This property offers Class-A space suitable for office, lab, light manufacturing, and warehouse purposes. It features common areas including a fitness center, board rooms, conference rooms, a training center, and lunch rooms. The property includes 6 loading docks and 2 drive-in doors. Signage opportunities are available. The location provides convenient access to City Center West amenities, such as a 120-seat conference center, fitness center, and library, as well as proximity to major retail shops and restaurants. The property has a size of 5775 square feet.
    Location Intelligence

    Current Use by Public Records

    Sound Productions Business Service Center Chandra Technologies, Inc (Bike/Boat/Book/etc) Store Lucas Westby - Thrivent Financial Advisor Adam Schinke - Thrivent Financial Advisor Chad Thomley - Thrivent Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5335236
    Latitude
    43.0756068

    Nearby Similar for Lease

    • $110,925

      Versatile Commercial Space in Madison

      Expansive mixed-use property with office, retail, and warehouse potential.
      1342 Dewey Ct, Madison, WI 53703
      View Details
    • $169,900
      2,300 SF

      Turn Key Restaurant Opportunity

      Operating restaurant for rent in the heart of Madison.
      605 E Washington Ave, Madison, WI 53703
      View Details
    • New
      $117,000

      Versatile Commercial Space in Madison

      Flexible commercial space in a desirable east-side Madison corridor.
      195-209 Cottage Grove Rd, Madison, WI 53716
      View Details
    • $600 /Mo

      Functional Lower-Level Office Space

      Inexpensive office space near campus on Regent Street.
      1050 Regent St, Madison, WI 53715
      View Details
    • $18,000 /Mo

      Versatile Retail, Office, Warehouse Space

      Affordable space with parking near East Washington Street in Madison.
      2645 Milwaukee St, Madison, WI 53704
      View Details
    • Contact for pricing

      WI, Madison - Heartland Trl

      Workspaces, services and support to help you work better in UT, Clearfield - 1412 Legend Hills Dr
      708 Heartland Trl, Madison, WI 53717
      View Details
    • Sponsored
      Contact for pricing

      WI, Madison - Corporate Dr

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      258 Corporate Dr, Madison, WI 53714
      View Details
    • Contact for pricing

      WI, Madison - W. Broadway

      Flexible workspace in WI, Madison - W. Broadway
      1574 Broadway, Madison, WI 53713
      View Details
    • Contact for pricing

      WI, Madison - Eastpark Blvd

      Flexible workspace in CA, Pomona - Rancho Camino Dr
      4901 Eastpark Blvd, Madison, WI 53718
      View Details
    • New
      Contact for pricing

      Park Bank Plaza

      Discover many ways to work your way in Park Bank Plaza
      2810 Crossroads Dr, Madison, WI 53718
      View Details
    • $18,000 /Mo

      Contractor Garage Space with Office

      1,500 SF garage space with office in Madison, WI.
      4211 W Beltline Hwy, Madison, WI 53711
      View Details
    • $18,000 /Mo

      Office and Garage Space Available

      Office and garage space for rent in Madison, Wisconsin.
      4211 W Beltline Hwy, Madison, WI 53711
      View Details

    FAQs

    What type of property is this?
    Office units - Class-A space suitable for office, lab, manufacturing, and warehouse uses.
    Where is this office units located?
    The property is located at 708 Heartland Trl Madison, WI.
    What are key features of this property?
    This property features: - Class-A office, lab, light manufacturing and warehouse space.; - 6 loading docks and 2 drive-in doors for easy operations.; - Access to City Center West amenities including a 120-seat conference center, fitness center and library.
    (608) 830-6302 Call to check price and availability
    Request Owner's contact information
    708 Heartland Trl Madison, WI 53717
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    708 Heartland Trl
    Madison, WI 53717
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    708 Heartland Trl Madison, WI 53717
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Robb, Ccim
    (608) 830-6302 (608) 830-6308
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!