Pre-Engineered Flex
For Sale
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2180 Pennsylvania Avenue, Madison, WI 53704
Pre-engineered metal building with concrete/brick components, 28–32' clear height, three drive-thru bays, and a wash bay.
Property Size36,850 SF
Price / SF$0.00
Days on Market196
Property Features for 2180 Pennsylvania Avenue
General Information
Standard status
Active
Size
36,850 SF
Property subtype
Industrial
Site & Location
Neighborhood
Emerson East Neighborhood Association
Warehouse & Industrial
Clear Height
32 ft
Drive-In Doors
2
Additional Details
Service Bays
4
Building Details
Year Built
2009
Construction
pre-engineered metal building
Listing Agency:
CBRE, Inc.
Listed By:
Chase Brieman · License #54278
(608) 441-7571
Source:
Cbre
Added: Apr 12
Changed: Oct 23
Last Checked: Oct 23 at 4:53AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
2180 Pennsylvania Ave is a pre-engineered metal building with concrete and brick components. Constructed in 2009 with re-use of a portion of a pre-existing structure dating to approximately 1963, the property is described as being in excellent overall condition.
The main shop offers approximately 28–32' clear height and includes three drive-thru bays and a wash bay. A storage wing features 22' eaves, a drive-thru bay with two large overhead doors, and a recessed dock.
The building is suited for a range of industrial and service uses, including fleet or vehicle maintenance, warehouse and storage, and light manufacturing.
The main shop offers approximately 28–32' clear height and includes three drive-thru bays and a wash bay. A storage wing features 22' eaves, a drive-thru bay with two large overhead doors, and a recessed dock.
The building is suited for a range of industrial and service uses, including fleet or vehicle maintenance, warehouse and storage, and light manufacturing.
Key Highlights
- Pre‑engineered metal building with concrete and brick components
- Constructed in 2009 with reuse of a portion of an approximately 1963 pre‑existing building
- Shop area offers approximately 28–32' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,561
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,891,220
$3.9M
Cap Rate 7%
$2,779,443
$2.8M
Cap Rate 9%
$2,161,789
$2.2M
Market Conditions
NOI Build-Up for 36,850 SF
Gross rent
$287.4K $7.80/SF
− Vacancy
−$9.5K −$0.26/SF
EGI
$277.9K $7.54/SF
− OpEx
−$83.4K −$2.26/SF
NOI
$194.6K $5.28/SF
Area
Madison, WI
Vacancy
3.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,891,220
Cap Rate 7%
$2,779,443
Cap Rate 9%
$2,161,789
Alternative Uses
Best Use
Flex RnD
$4.38M
$3.83M – $5.11M
NOI $306,688 @ 7.0% cap · market cap 3,066,880.00%
Second Best
Warehouse
$3.38M
$2.95M – $3.94M
NOI $236,253 @ 7.0% cap · market cap 2,362,530.00%
Theoretical Best
Office A
$10.76M
$9.42M – $12.56M
NOI $753,509 @ 7.0% cap · market cap 7,535,090.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
32 ft
Clear height
2
Drive-in doors
4
Service bays
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in Madison, WI
Similar Off Market Nearby
- Bunky's Catering — 2425 Atwood Ave, Madison, WI 53704
Frequently Asked Questions
What type of property is this?
Flex space - Pre-engineered metal building with concrete/brick components, 28–32' clear height, three drive-thru bays, and a wash bay.
Where is this flex space located?
The property is located at 2180 Pennsylvania Avenue Madison, WI.
What are key features of this property?
This property features: Pre‑engineered metal building with concrete and brick components; Constructed in 2009 with reuse of a portion of an approximately 1963 pre‑existing building; Shop area offers approximately 28–32' clear height
