Lower-Level Office
For Sale
Contact for pricing
429 Gammon Place B200, Madison, WI 53719
Lower-level office space with abundant windows, current open layout, and exposure toward green space.
Property Size20,539 SF
Days on Market103
Property Features for 429 Gammon Place B200
General Information
Standard status
Active
Size
20,539 SF
Lease Type
Gross
Site & Location
Neighborhood
West Side
Building Details
Year Built
1983
Listing Agency:
First Weber, Inc
Listed By:
Bob Carpenter
Source:
Holtrealestateteam
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 7 at 1:24PM
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 First Weber, Inc
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Investment Insights
Based on property information with market context.
This lower-level office suite offers a flexible, currently open floor plan that can be designed to fit your business. The space features great windows and exposure to green space, supporting a bright working environment. The stated size includes a common area factor of 1.15%.
Located in the First Weber Building on Gammon Place, the property sits across from West Towne Mall.
The offering is structured as a gross lease, and it is presented for sale as office space within the building.
Located in the First Weber Building on Gammon Place, the property sits across from West Towne Mall.
The offering is structured as a gross lease, and it is presented for sale as office space within the building.
Key Highlights
- Lower‑level office space in a building built in 1983
- 2003 sq. ft total area includes a 1.15% common area factor
- Open floor plan currently in place, designed to be reconfigured for a business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$346,485
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,929,700
$6.9M
Cap Rate 7%
$4,949,786
$4.9M
Cap Rate 9%
$3,849,833
$3.8M
Market Conditions
NOI Build-Up for 20,539 SF
Gross rent
$542.2K $26.40/SF
− Vacancy
−$80.2K −$3.91/SF
EGI
$462.0K $22.49/SF
− OpEx
−$115.5K −$5.62/SF
NOI
$346.5K $16.87/SF
Area
Madison, WI
Vacancy
14.80%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,929,700
Cap Rate 7%
$4,949,786
Cap Rate 9%
$3,849,833
Alternative Uses
Best Use
Office B
$4.95M
$4.33M – $5.77M
NOI $346,485 @ 7.0% cap · market cap 34,648,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $419,981 @ 7.0% cap · market cap 41,998,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
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Business Placement
Demographics for 53719, WI
32,151
Population
16,160
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
3,152
Density / Sq Mi
$92,223
Median Household Income
$59,334
Median Earnings
$1,429
Median Rent
$349,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Madison, WI
Frequently Asked Questions
What type of property is this?
Office unit - Lower-level office space with abundant windows, current open layout, and exposure toward green space.
Where is this office unit located?
The property is located at 429 Gammon Place B200 Madison, WI.
What are key features of this property?
This property features: Lower‑level office space in a building built in 1983; 2003 sq. ft total area includes a 1.15% common area factor; Open floor plan currently in place, designed to be reconfigured for a business
