Office/Retail Building with
3863 Clover Madison, WI 53714
New
For Sale
Contact for pricing
Freestanding main building with tall exposed ceilings plus an attached 2021 garage, zoned CC-T for flexible use.
Property Size2,485 SF
Price / SF$265.59
Days on Market7
Property Features for 3863 Clover
General Information
- Standard status
- Active
- Size
- 2,485 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2021
Listing Agency:
Plato Commercial Real Estate, LLC
(608) 698-6833
Listed By:
Kent Yan · License #WI 52374-090
Source:
Crexi
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 6:23PM
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 Plato Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This for-sale office/retail building includes a main structure with tall, exposed ceilings and updated interior finishes. The main building was built in 1962 and updated in 2021. A separate garage building, constructed in 2021, provides additional enclosed space on the property.
Zoned CC-T, the property supports a range of commercial uses. It’s described as located on the near east side of Madison, off Cottage Grove Rd., near Lake Monona.
With the combination of the updated main building and newer garage, the site can suit occupancies seeking both street-facing commercial space and practical back-of-house or storage needs under the CC-T zoning designation.
Zoned CC-T, the property supports a range of commercial uses. It’s described as located on the near east side of Madison, off Cottage Grove Rd., near Lake Monona.
With the combination of the updated main building and newer garage, the site can suit occupancies seeking both street-facing commercial space and practical back-of-house or storage needs under the CC-T zoning designation.
Key Highlights
- Freestanding office/retail building with attached 2021 garage on the near east side of Madison off Cottage Grove Rd.
- Main building: 1,525 SF; garage building: 960 SF (per City of Madison Assessor’s Office).
- Zoned CC‑T for flexible use.
Financial Insights For Office B
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 | $65.6k | $26.40 |
| − Vacancy | −$9.7k | −$3.91 |
| EGI | $55.9k | $22.49 |
| − OpEx | −$14.0k | −$5.62 |
| NOI | $41.9k | $16.87 |
2,485 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.9K
$524.0K – $698.7K
NOI $41,921 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$507.8K
$444.3K – $592.4K
NOI $35,544 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$725.9K
$635.2K – $846.9K
NOI $50,813 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Freestanding main building with tall exposed ceilings plus an attached 2021 garage, zoned CC-T for flexible use.
Where is this office building located?
The property is located at 3863 Clover Madison, WI.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Freestanding office/retail building with attached 2021 garage on the near east side of Madison off Cottage Grove Rd.; Main building: 1,525 SF; garage building: 960 SF (per City of Madison Assessor’s Office).; Zoned CC‑T for flexible use.
