Mixed-Use Commercial
New
For Sale
$254,900
230 S Hamilton St, Madison, WI 53703
The suite has UMX zoning, separate utilities, and a private entrance.
Property Size585 SF
Price / SF$435.73
Days on Market5
Property Features for 230 S Hamilton St
General Information
Standard status
Active
Size
585 SF
Zoning
UMX
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
separate utilities
private entrance
switchable privacy smart glass window systems
energy efficient lighting
built-in storage cabinetry
kitchenette
reception area
privacy locked mail/package room
available signage
access to the shared condo lobby & gathering room
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
RE/MAX Preferred
Listed By:
Justin Witkins · License #58265-90
(608) 843-5663
Source:
Holtrealestateteam
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 9:53PM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This 585-square-foot commercial condominium was built in 2020 and is configured with a reception area, kitchenette, and built-in storage cabinetry. The space also includes switchable privacy glass, energy-efficient lighting, a secured mail and package room, and available signage. A private entrance and separate utilities serve the suite; owners also have access to a shared lobby and gathering room.
Key Highlights
- 585 finished square feet in a commercial condominium
- UMX zoning
- Built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,368
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,360
$167.4K
Cap Rate 7%
$119,543
$119.5K
Cap Rate 9%
$92,978
$93.0K
Market Conditions
NOI Build-Up for 585 SF
Gross rent
$12.6K $21.60/SF
− Vacancy
−$682 −$1.17/SF
EGI
$12.0K $20.43/SF
− OpEx
−$3.6K −$6.13/SF
NOI
$8.4K $14.30/SF
Area
Madison, WI
Vacancy
5.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,360
Cap Rate 7%
$119,543
Cap Rate 9%
$92,978
Alternative Uses
Best Use
Retail
$119.5K
$104.6K – $139.5K
NOI $8,368 @ 7.0% cap · market cap 3.28%
Second Best
Mixed Use
$115.3K
$100.9K – $134.6K
NOI $8,073 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$170.9K
$149.5K – $199.4K
NOI $11,962 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The suite has UMX zoning, separate utilities, and a private entrance.
Where is this mixed-use property located?
The property is located at 230 S Hamilton St Madison, WI.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 585 finished square feet in a commercial condominium; UMX zoning; Built in 2020
