Madison Retail and Warehouse
2620 Rimrock Rd Madison, WI
2620 Rimrock Rd, Madison, WI, 00000
Contact for pricing
For Sale
Contact for pricing
15,000 SF retail and warehouse with showroom and service area.
Property Size15,000 SF
Lot Size1.30 Acres
Price / SF$236.67
Days on Market275
Property Features for 2620 Rimrock Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 1.30 Acres
- Property subtype
- RETAIL
Listing agency
Lee & Associates of Madison
(608) 209-9990
Listed by
Blake George · License #4944590
(608) 209-9990
Source
Moodyscre
Added: Oct 20, 2025 Updated: Jul 6 at 9:38AM Checked: Jul 19 at 5:13AM
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 Lee & Associates of Madison
Investment Insights
Based on property information with market context.
This 15,000 sq. ft. retail building is centrally located in Madison, with access to the West Beltline/Highway 12/18. Situated on a 1.30 acre lot (58,077 sq. ft.) at the corner of Rimrock Rd. and Latitude 43 St., the property features 24 dedicated parking stalls, building and pylon signage, and outdoor water access. It includes a full sprinkler system. The large 10,000 sq. ft. showroom has two 12’x10’ glass overhead doors, a 14’ clear height, and is fully carpeted. Additional showroom amenities include 7 private offices, a large breakroom, an indoor/outdoor display area, a private changing room, and men’s and women’s restrooms. The warehouse service area contains two service bays with two 12’x10’ overhead doors, 400 amp 3-phase power, and a 14’ clear height. Other warehouse amenities include a solar panel system (CPS Photovolatic), floor drains, a fully heated and cooled space, a fenced storage yard, and a wash basin. The property is ideal for large sales items.
Key Highlights
- Great West Beltline/Highway 12/18 access and centrally located in Madison.
- Large 10,000 sq. ft. showroom with two 12’x10’ glass overhead doors and 14’ clear height.
- Warehouse service area with two service bays, two 12’x10’ overhead doors, and 400 amp 3‑phase power.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.0k | $21.60 |
| − Vacancy | −$17.5k | −$1.17 |
| EGI | $306.5k | $20.43 |
| − OpEx | −$92.0k | −$6.13 |
| NOI | $214.6k | $14.30 |
15,000 SF · lease $21.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.07M
$2.68M – $3.58M
NOI $214,553 @ 7.0% cap · market cap 6.04%
Second Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,168 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,720 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rutabaga Paddlesports
(Bike/Boat/Book/etc) Store
Rutabaga Paddle Sports ...
Department Store
Rutabaga Outdoor Adventures
Event Planning
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FAQs
What type of property is this?
Showroom - 15,000 SF retail and warehouse with showroom and service area.
Where is this showroom located?
The property is located at 2620 Rimrock Rd Madison, WI.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Great West Beltline/Highway 12/18 access and centrally located in Madison.; Large 10,000 sq. ft. showroom with two 12’x10’ glass overhead doors and 14’ clear height.; Warehouse service area with two service bays, two 12’x10’ overhead doors, and 400 amp 3‑phase power.
