Class A Office Building
For Sale
Contact for pricing
1002 Deming Way, Madison, WI 53717
Fully leased Class A office building in Madison, Wisconsin.
Property Size38,395 SF
Lot Size9.20 Acres
Price / SF$208.36
Days on Market574
Property Features for 1002 Deming Way
General Information
Standard status
Active
Size
38,395 SF
Lot size
9.20 Acres
Property subtype
Office
Zoning
Suburban Employment Center
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$678,528
Building Details
Year Built
1994
Year Renovated
2018
Stories
2
Tenancy
Single
Listing Agency:
Cresa Madison
Listed By:
Tim Rikkers · License #WI 72972-94
Source:
Crexi
Added: Mar 12, 2025
Changed: Sep 13
Last Checked: Oct 5 at 4:13PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$647,708
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,954,160
$13.0M
Cap Rate 7%
$9,252,971
$9.3M
Cap Rate 9%
$7,196,756
$7.2M
Market Conditions
NOI Build-Up for 38,395 SF
Gross rent
$1.01M $26.40/SF
− Vacancy
−$150.0K −$3.91/SF
EGI
$863.6K $22.49/SF
− OpEx
−$215.9K −$5.62/SF
NOI
$647.7K $16.87/SF
Area
Madison, WI
Vacancy
14.80%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,954,160
Cap Rate 7%
$9,252,971
Cap Rate 9%
$7,196,756
Alternative Uses
Best Use
Office B
$9.25M
$8.10M – $10.80M
NOI $647,708 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.22M
$9.81M – $13.09M
NOI $785,101 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 53717, WI
12,798
Population
6,404
Households
2
Avg Household Size
40
Median Age
66%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,555
Density / Sq Mi
$96,245
Median Household Income
$56,313
Median Earnings
$1,385
Median Rent
$404,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Madison, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $8,000,000.
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.
