Commercial Development
For Sale
$2,212,656
439 Grand Canyon Dr, Madison, WI 53719
Level, transit-oriented land assemblage with zoning supporting multifamily and commercial development.
Property Size5,575 SF
Price / SF$396.89
Days on Market47
Property Features for 439 Grand Canyon Dr
General Information
Standard status
Active
Size
5,575 SF
Building Details
Year Built
1979
Listing Agency:
Mardi O'Brien Real Estate Inc.
Listed By:
Nancy Mistele · License #5229690
Source:
Holtrealestateteam
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 7 at 2:28PM
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 Mardi O'Brien Real Estate Inc.
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Investment Insights
Based on property information with market context.
This commercial land offering combines two adjacent parcels at 439 Grand Canyon Drive in Madison, Wisconsin. Together, the site contains approximately 1.323 acres, or 57,650 SF, of level land with 254 feet of street frontage. The property is identified as TOD/SE zoned for multifamily and commercial development. The smaller parcel contributes approximately 41,650 SF (.956 acre) and 174 feet of frontage, while the adjoining parcel adds approximately 16,000 SF (.367 acre) and 80 feet of frontage.
The westside setting places the site near major traffic corridors, shopping, restaurants, and employment centers. Beltline access is available nearby, and a major bus transit station is located one block away. The existing business is not included in the offering.
The westside setting places the site near major traffic corridors, shopping, restaurants, and employment centers. Beltline access is available nearby, and a major bus transit station is located one block away. The existing business is not included in the offering.
Key Highlights
- Two adjacent parcels total approximately 1.323 acres (57,650 SF)
- Combined street frontage of 254 feet
- TOD/SE zoned district supporting multifamily and commercial development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,742
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,840
$1.6M
Cap Rate 7%
$1,139,171
$1.1M
Cap Rate 9%
$886,022
$886.0K
Market Conditions
NOI Build-Up for 5,575 SF
Gross rent
$120.4K $21.60/SF
− Vacancy
−$6.5K −$1.17/SF
EGI
$113.9K $20.43/SF
− OpEx
−$34.2K −$6.13/SF
NOI
$79.7K $14.30/SF
Area
Madison, WI
Vacancy
5.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,840
Cap Rate 7%
$1,139,171
Cap Rate 9%
$886,022
Alternative Uses
Best Use
Retail
$1.14M
$996.8K – $1.33M
NOI $79,742 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,998 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Level, transit-oriented land assemblage with zoning supporting multifamily and commercial development.
Where is this commercial land located?
The property is located at 439 Grand Canyon Dr Madison, WI.
What is the asking price?
The asking price for this property is $2,212,656.
What are key features of this property?
This property features: Two adjacent parcels total approximately 1.323 acres (57,650 SF); Combined street frontage of 254 feet; TOD/SE zoned district supporting multifamily and commercial development
