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Madison Office Building For Sale

1848 Waldorf Blvd, Madison, WI

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For Sale

Contact for pricing

Multi-tenant office building in a strong commercial corridor.

Type:OFFICE

Property size:

20,000 SF

Lot size:

2.64 Acres

Price / SF:

$233/SF

HighLights

Strong trade area anchored by West Towne Mall.
Excellent connectivity to Verona and downtown Madison.
Stable use with high investment buildout.
Multi‑tenant office building.
General and specialty veterinary care offered.
Newer building.

We can help!

Listing Contact

Tyler Van Eps

For Sale

Contact for pricing

Multi-tenant office building in a strong commercial corridor.

Type:OFFICE

Property size:

20,000 SF

Lot size:

2.64 Acres

Price / SF:

$233/SF

Added:: Oct 7, 2025
Days on Market:: 251
Last Refresh:: May 20 at 8:41 pm

Property Features for 1848 Waldorf Blvd

General Information

Standard status: Active
Size: 20,000 SF
Lot size: 2.64 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Tyler Van Eps

Listing agent Tyler Van Eps License #40710857

Listing office Ryzo Commercial Realty

Listing date Oct 7, 2025

Source Moodyscre

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 Ryzo Commercial Realty

HighLights

Strong trade area anchored by West Towne Mall.
Excellent connectivity to Verona and downtown Madison.
Stable use with high investment buildout.
Multi‑tenant office building.
General and specialty veterinary care offered.
Newer building.

Overview

The property at 1848 Waldorf Boulevard is a multi-tenant office building located in a strong Madison trade area. The location is anchored by West Towne Mall and benefits from a mix of national retailers, restaurants, healthcare providers, and services that drive consistent traffic. The building offers connectivity from the rapidly growing Verona market via major arterials, expanding its reach to both suburban residents and downtown commuters. The property is suitable for general and specialty veterinary care. The building is relatively new and located in an advantageous trade area. The area's visibility, diverse demand drivers, and steady growth create a stable, long-term opportunity in one of Madison's strongest commercial corridors. The property size is 20000 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$528.0k	$26.40
− Vacancy	−$78.1k	−$3.91
EGI	$449.9k	$22.49
− OpEx	−$112.5k	−$5.62
NOI	$337.4k	$16.87

20,000 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.82M

$4.22M – $5.62M (±1% cap)

NOI $337,392 @ 7.0% cap · market cap 7.22%

Second Best

Healthcare Medical

$4.06M

$3.55M – $4.74M (±1% cap)

NOI $284,256 @ 7.0% cap · market cap 6.08%

Theoretical Best

Office A

$5.84M

$5.11M – $6.82M (±1% cap)

NOI $408,960 @ 7.0% cap · market cap 8.75%

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

Property Profile Location Intelligence

Current Use by Public Records

Marshfield Lab Laboratory Sondel Family Veterinary ... Veterinary Clinic Irongate Equine Clinic Veterinary Clinic Edinger Surgical Options Veterinary Clinic HEAL Integrative Veterinary ... Veterinary Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.5271
Latitude: 43.0322

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For sale
Office buildings
WI
Madison
1848 Waldorf Blvd

What type of property is this?

Office building - Multi-tenant office building in a strong commercial corridor.

Where is this office building located?

The property is located at 1848 Waldorf Blvd Madison, WI.

What is the asking price?

The asking price for this property is $4,672,000.

What are key features of this property?

This property features: Strong trade area anchored by West Towne Mall.; Excellent connectivity to Verona and downtown Madison.; Stable use with high investment buildout.

1848 Waldorf Blvd, Madison, WI

Multi-tenant office building in a strong commercial corridor.

Property Features for 1848 Waldorf Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Modern Flex Industrial Building

6626 Watts Rd, Madison, WI

Turnkey Supper Club Restaurant Building

Turn-Key Restaurant with Finished Basement

Historic Office Building in Madison

Multi-Use Restaurant and Retail Building

Duplex with Recently Updated Unit

Nearly New Mixed-Use Building

Two-Flat Residential Income Property

Duplex Property with Private Decks

7-Unit Multifamily Apartment Building

Three-Unit Income Triplex

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