Flex Space with Gated
2430 Pennsylvania Ave, Madison, WI 53704
For Sale
New
Contact for pricing
Two separate structures combine shop, warehouse, loading, and office functions within a secured site.
Property Size11,500 SF
Price / SF$100
Days on Market5
Property Features for 2430 Pennsylvania Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Building Details
Buildings
Listing Agency:
Oakbrook Corporation
(608) 238-2600
Listed By:
Chris Caulum, SIOR · License WI 90-56721
(608) 444-1911
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:19PM
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 Oakbrook Corporation
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Investment Insights
Based on property information with market context.
The 11,500-square-foot flex property comprises two buildings within a fenced, gated area. The 3,500-square-foot front structure has heated shop space, a floor drain, a small drive-in door, and office accommodations. The 8,000-square-foot rear building features a loading dock, a 10-foot-by-14-foot drive-in door, 15-foot clear height, and LED lighting. It is insulated but currently lacks heat; gas heating can be added.
Office areas include a private office, conference room, open work area, two restrooms, and a large storage room. A 70-by-100-foot gravel area at the rear provides outdoor storage space.
Office areas include a private office, conference room, open work area, two restrooms, and a large storage room. A 70-by-100-foot gravel area at the rear provides outdoor storage space.
Key Highlights
- Two‑building flex property totaling 11,500 square feet
- Fenced and gated site with 70' X 100' rear gravel storage area
- Front building offers 3,500 SF of heated shop space, a floor drain, a drive‑in door, and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,710
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,200
$1.9M
Cap Rate 7%
$1,367,286
$1.4M
Cap Rate 9%
$1,063,444
$1.1M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$151.8K $13.20/SF
− Vacancy
−$4.6K −$0.40/SF
EGI
$147.2K $12.80/SF
− OpEx
−$51.5K −$4.48/SF
NOI
$95.7K $8.32/SF
Area
Madison, WI
Vacancy
3.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,200
Cap Rate 7%
$1,367,286
Cap Rate 9%
$1,063,444
Alternative Uses
Best Use
Flex RnD
$1.37M
$1.20M – $1.60M
NOI $95,710 @ 7.0% cap · market cap 8.32%
Second Best
Warehouse
$1.05M
$921.6K – $1.23M
NOI $73,729 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,152 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
764
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Madison
Vacancy Rate% for Industrial in Madison, WI
Similar Off Market Nearby
- Madtown Food Services, LLC — 1219 N Sherman Ave, Madison, WI 53704
- Pudgey's — 1219 N Sherman Ave, Madison, WI 53704, United States
- Pollen & Platter Catering — 1219 N Sherman Ave, Madison, WI 53704
Frequently Asked Questions
What type of property is this?
Flex space - Two separate structures combine shop, warehouse, loading, and office functions within a secured site.
Where is this flex space located?
The property is located at 2430 Pennsylvania Ave Madison, WI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑building flex property totaling 11,500 square feet; Fenced and gated site with 70' X 100' rear gravel storage area; Front building offers 3,500 SF of heated shop space, a floor drain, a drive‑in door, and office space
