Office-Flex Building with Renovated
For Sale
Contact for pricing
4902 Hammersley Rd, Madison, WI 53711
Two-story office improvements accompany warehouse space, conference rooms, private offices, kitchens, and flexible work areas.
Property Size41,000 SF
Price / SF$146.95
Days on Market52
Property Features for 4902 Hammersley Rd
General Information
Standard status
Active
Size
41,000 SF
Property subtype
OFFICE
Listing Agency:
CBRE, Inc.
(608) 663-5445
Listed By:
Chase Brieman · License #54278
(608) 332-6561
Source:
Moodyscre
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 12 at 11:03PM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
This 41,000-square-foot flex property combines office improvements with warehouse space. The building includes a recently renovated two-story office component, a single-story central office area, and a modern single-story warehouse/flex section. Interior features include open work areas, collaboration zones, conference rooms in multiple sizes, private offices, and kitchen facilities.
The property is located at 4902 Hammersley Rd in Madison, Wisconsin, along the Beltline Highway. Approximately 100 surface parking spaces sit next to the building, with a second parking lot directly across the street. The configuration supports office, light industrial, and service-oriented functions within one facility.
The property is located at 4902 Hammersley Rd in Madison, Wisconsin, along the Beltline Highway. Approximately 100 surface parking spaces sit next to the building, with a second parking lot directly across the street. The configuration supports office, light industrial, and service-oriented functions within one facility.
Key Highlights
- 41,000‑square‑foot building with office and flex/warehouse space
- Recently renovated two‑story office component
- Interior mix includes open work areas, collaboration zones, conference rooms, private offices, and kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341,227
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,824,540
$6.8M
Cap Rate 7%
$4,874,671
$4.9M
Cap Rate 9%
$3,791,411
$3.8M
Market Conditions
NOI Build-Up for 41,000 SF
Gross rent
$541.2K $13.20/SF
− Vacancy
−$16.2K −$0.40/SF
EGI
$525.0K $12.80/SF
− OpEx
−$183.7K −$4.48/SF
NOI
$341.2K $8.32/SF
Area
Madison, WI
Vacancy
3.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,824,540
Cap Rate 7%
$4,874,671
Cap Rate 9%
$3,791,411
Alternative Uses
Best Use
Office B
$9.88M
$8.65M – $11.53M
NOI $691,654 @ 7.0% cap · market cap 11.48%
Second Best
Flex RnD
$4.87M
$4.27M – $5.69M
NOI $341,227 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$11.98M
$10.48M – $13.97M
NOI $838,368 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53711, WI
51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Madison, WI
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story office improvements accompany warehouse space, conference rooms, private offices, kitchens, and flexible work areas.
Where is this flex space located?
The property is located at 4902 Hammersley Rd Madison, WI.
What is the asking price?
The asking price for this property is $6,025,000.
What are key features of this property?
This property features: 41,000‑square‑foot building with office and flex/warehouse space; Recently renovated two‑story office component; Interior mix includes open work areas, collaboration zones, conference rooms, private offices, and kitchens
