Madison Industrial Property with
2814 Perry St Madison, WI
For Sale
Contact for pricing
22,500 SF industrial property with showroom and ample parking.
Property Size22,500 SF
Lot Size1.45 Acres
Price / SF$70.89
Days on Market589
Property Features for 2814 Perry St
General Information
Standard status
Active
Size
22,500 SF
Lot size
1.45 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates of Madison
(608) 209-9990
Listed By:
Blake George · License #4944590
(608) 209-9990
Source:
Moodyscre
Added: Dec 18, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:06AM
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 22,500 square foot industrial property is situated on 1.4 acres and features block construction. The property includes 41 parking stalls. The office area spans 4,500 square feet, incorporating 14 private offices, a large conference room, and a large breakroom. A 2,000 square foot showroom is also present, along with men’s and women’s restrooms. The shop area covers 14,000 square feet and is equipped with RTU heaters, floor drains, make-up air systems, and 1,600 amp 3-phase power. Liner panels, an air compressor, a dedicated parts room, a restroom, and a shop sink are included. There is a dedicated production area. The property has two dock doors with levelers and a 10’x10’ overhead door. The eave height is 16 feet.
Key Highlights
- 22,500 sq. ft. total space suitable for various business operations
- 1.4 acre lot with 41 parking stalls
- Significant shop area (14,000 sq. ft.) with 1,600 amp 3‑phase power, dock doors with levelers, and 10’x10’ overhead door
Financial Insights For Warehouse
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 | $175.5k | $7.80 |
| − Vacancy | −$5.8k | −$0.26 |
| EGI | $169.7k | $7.54 |
| − OpEx | −$25.5k | −$1.13 |
| NOI | $144.3k | $6.41 |
22,500 SF · lease $7.80/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$4.60M
$4.02M – $5.36M
NOI $321,829 @ 7.0% cap · market cap 20.18%
Second Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,252 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$6.57M
$5.75M – $7.67M
NOI $460,080 @ 7.0% cap · market cap 28.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - 22,500 SF industrial property with showroom and ample parking.
Where is this manufacturing property located?
The property is located at 2814 Perry St Madison, WI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 22,500 sq. ft. total space suitable for various business operations; 1.4 acre lot with 41 parking stalls; Significant shop area (14,000 sq. ft.) with **1,600 amp 3‑phase power, dock doors with levelers, and 10’x10’ overhead door**
