Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Madison Redevelopment Site For Sale Title is generated by Realmo AI

    434 South Yellowstone Drive, Madison, WI 53719

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.97 acre redevelopment site in a prime West-Side location.

    Type:Multifamily, Land
    Property size:
    31,500 SF
    Lot size:
    1.97 Acres
    Price / SF:
    $111/SF
    Added:
    May 14, 2026
    Days on Market:
    18
    Last Refresh:
    May 16 at 8:45 pm

    Property Features for 434 South Yellowstone Drive

    General Information

    Standard status
    Active
    Size
    31,500 SF
    Lot size
    1.97 Acres
    Property subtype
    Multifamily, Land

    We can help!

    Listing Contact
    TJ Blitz

    Listing agent TJ Blitz License #WI

    Listing office Cresa Madison

    Listing date May 14, 2026

    Source Crexi

    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 Cresa Madison

    HighLights

    • Prime redevelopment site totaling 1.97 acres.
    • Located in a desirable West‑Side location in Madison, WI.
    • Existing 31,500 SF gross building (26,509 SF usable) included.
    • Excellent opportunity for multi‑family or mixed‑use development.
    • Vacant property ready for immediate redevelopment.
    • Minutes from West Towne and the Beltline for convenient access.

    Overview

    This redevelopment site, situated at 434 South Yellowstone Drive in Madison, WI, encompasses 1.97 acres. It features a 31,500 square foot gross building area, with 26,509 square feet of usable space. The property is being sold vacant. Located on the West Side, the site is positioned minutes from West Towne and the Beltline. This location offers an opportunity for multi-family or mixed-use development. Restaurants and coffee shops are within walking distance.
    Location Intelligence

    Current Use by Public Records

    Lift Consulting Business Management Consultant CenterX Tech Support Center Pizza Hut of Southern ... Restaurant Authentic Therapy Llc Alternative Medicine Practice Focal Point Financial ... Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4926724
    Latitude
    43.0580664

    Nearby Similar for Sale

    • $525,000
      6,750 SF

      Turn-Key Restaurant in Madison, WI

      Fully equipped restaurant with expansion potential in a prime location.
      2705 W Beltline Highway, Madison, WI 53713
      View Details
    • $699,900

      Versatile Commercial Building Near Park Street

      5,000 sq ft building on .5+ acre lot.
      2440 Perry Street, Madison, WI 53713
      View Details
    • $1,299,000

      Versatile Commercial Space on Madison's West

      Modern 5,250 sqft commercial space with high visibility.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $1,400,000
      6,256 SF

      Madison Restaurant Building For Sale

      Turnkey restaurant opportunity in sought-after Madison location.
      1025 N Sherman Avenue, Madison, WI 53704
      View Details
    • $1,179,900

      Mixed-Use Building Near Park Street

      Two-story mixed-use property near Madison's Park Street corridor.
      702 W Wingra Drive, Madison, WI 53715
      View Details
    • $1,200,000
      5,880 SF

      6626 Watts Rd, Madison, WI

      West Madison location with flexible HC zoning and redevelopment potential.
      6626 Watts Rd, Madison, WI 53719
      View Details
    • $595,000

      Wooded Lot in Highlands Neighborhood

      Serene, wooded, over half-acre lot in Madison's sought-after Highlands.
      10 Larch Circle, Madison, WI 53705
      View Details
    • $850,000

      Highlands Wooded Lot Opportunity

      0.76-acre wooded lot in the Highlands neighborhood.
      1003 Hillside Avenue, Madison, WI 53705
      View Details
    • $1,600,000

      Historic Office Building in Madison

      Charming office building in downtown Madison near Lake Mendota.
      401 Wisconsin Avenue, Madison, WI 53703
      View Details
    • $949,900

      Spacious Duplex in Madison, WI

      Well-maintained duplex with 4 bedrooms, 3 baths on each side.
      1002-1004 Severson Drive, Madison, WI 53718
      View Details
    • $595,000

      Two-Flat in Marquette Neighborhood

      Two-unit property near Willy St. with updated kitchens.
      307 S Baldwin Street, Madison, WI 53703
      View Details
    • $649,900

      Madison Duplex with Townhouse Units

      Side-by-side duplex with townhouse-style units in Madison, Wisconsin.
      6934/6938 Chester Drive, Madison, WI 53719
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.97 acre redevelopment site in a prime West-Side location.
    Where is this commercial land located?
    The property is located at 434 South Yellowstone Drive Madison, WI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime redevelopment site totaling 1.97 acres.; Located in a desirable West‑Side location in Madison, WI.; Existing 31,500 SF gross building (26,509 SF usable) included.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    TJ Blitz
    Real Estate License ID: WI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    434 South Yellowstone Drive, Madison, WI 53719
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!