First-Floor Corner Residential Income
For Sale
$299,900
1522 Golf View Road Unit D, Madison, WI 53704
Updated corner unit with a sunroom, screened porch, underground parking, and dedicated storage.
Property Size1,518 SF
Price / SF$197.56
Days on Market40
Property Features for 1522 Golf View Road Unit D
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
SR-V2
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,460
Amenities
sunroom
screened porch
pool
walking paths
storage units
Seller's personal property
Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Window Shades
Radiant, Central air
Washer, Dryer, Cable/Satellite Available, Storage Unit Inc, At Least 1 tub, Internet - Cable, All Window Coverings, Primary Bath
Brick
Gas, 1 fireplace
In-ground Pool, Enclosed Porch
Building Details
Year Built
1983
Listing Agency:
First Weber Inc
Listed By:
Marc Gerothanas · License #75388-94
(608) 692-7248
Source:
Compass
Added: Aug 12
Changed: Sep 19
Last Checked: Sep 19 at 1:28PM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This 1,518-square-foot first-floor corner unit features eastern and southern exposure, a sunroom, and a screened porch. Recent improvements include the appliances, bedroom windows and shades, patio doors, walk-in shower, bathroom vanities, flooring, and light fixtures. Interior amenities include radiant heat, central air, in-unit laundry, cable and internet availability, and a fireplace. The property was built in 1983 and is zoned SR-V2.
Two underground parking spaces and two storage units are included, with storage located off the porch and in the parking garage. Walking paths connect the unit to both in-ground pools on the property. The address is 1522 Golf View Road, Unit D, Madison, WI 53704.
Two underground parking spaces and two storage units are included, with storage located off the porch and in the parking garage. Walking paths connect the unit to both in-ground pools on the property. The address is 1522 Golf View Road, Unit D, Madison, WI 53704.
Key Highlights
- 1,518‑square‑foot first‑floor corner unit
- Eastern and southern exposure with a sunroom and screened porch
- Recent updates to appliances, windows, patio doors, baths, flooring, and light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,620
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,400
$372.4K
Cap Rate 7%
$266,000
$266.0K
Cap Rate 9%
$206,889
$206.9K
Market Conditions
NOI Build-Up for 1,518 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.3K $23.28/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$33.9K $22.30/SF
− OpEx
−$15.2K −$10.04/SF
NOI
$18.6K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,400
Cap Rate 7%
$266,000
Cap Rate 9%
$206,889
Alternative Uses
Best Use
Apartment 5plus
$266.0K
$232.8K – $310.3K
NOI $18,620 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.4K
$388.0K – $517.3K
NOI $31,040 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 53704, WI
47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated corner unit with a sunroom, screened porch, underground parking, and dedicated storage.
Where is this residential income property located?
The property is located at 1522 Golf View Road Unit D Madison, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,518‑square‑foot first‑floor corner unit; Eastern and southern exposure with a sunroom and screened porch; Recent updates to appliances, windows, patio doors, baths, flooring, and light fixtures
