Flex Building with Loading
For Sale
Contact for pricing
5407-5459 Fen Oak Dr, Madison, WI 53718
A single-story office and production property offers private offices, collaborative work areas, and conference rooms.
Property Size31,801 SF
Price / SF$80.97
Days on Market13
Property Features for 5407-5459 Fen Oak Dr
General Information
Standard status
Active
Size
31,801 SF
Property subtype
OFFICE
Listing Agency:
Oakbrook Corporation
(608) 238-2600
Listed By:
Chris Caulum, SIOR · License #9056721
(608) 444-1911
Source:
Moodyscre
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 5 at 3:52PM
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 Oakbrook Corporation
Investment Insights
Based on property information with market context.
This 31,801-square-foot flex building sits on 3.45 acres and was constructed in 2006 with steel and masonry. Its single-story layout combines private offices, open work areas, conference rooms, and production space. Building features include two loading docks, full sprinkler coverage, and 11- to 12-foot clear height. Marquip-Ward United occupies 6,097 square feet of the property.
The property is located on Fen Oak Drive on Madison’s east side. The offering is available for sale, with existing occupancy and office, flex, and production areas.
The property is located on Fen Oak Drive on Madison’s east side. The offering is available for sale, with existing occupancy and office, flex, and production areas.
Key Highlights
- 31,801‑square‑foot building on 3.45 acres
- Built in 2006 with steel and masonry construction
- Two loading docks and full sprinkler coverage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,904
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,080
$3.4M
Cap Rate 7%
$2,398,629
$2.4M
Cap Rate 9%
$1,865,600
$1.9M
Market Conditions
NOI Build-Up for 31,801 SF
Gross rent
$248.0K $7.80/SF
− Vacancy
−$8.2K −$0.26/SF
EGI
$239.9K $7.54/SF
− OpEx
−$72.0K −$2.26/SF
NOI
$167.9K $5.28/SF
Area
Madison, WI
Vacancy
3.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,080
Cap Rate 7%
$2,398,629
Cap Rate 9%
$1,865,600
Alternative Uses
Best Use
Office B
$7.66M
$6.71M – $8.94M
NOI $536,470 @ 7.0% cap · market cap 20.83%
Second Best
Flex RnD
$3.78M
$3.31M – $4.41M
NOI $264,667 @ 7.0% cap · market cap 10.28%
Theoretical Best
Office A
$9.29M
$8.13M – $10.84M
NOI $650,267 @ 7.0% cap · market cap 25.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53718, WI
17,034
Population
8,408
Households
2
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
819
Density / Sq Mi
$94,899
Median Household Income
$60,518
Median Earnings
$1,606
Median Rent
$328,500
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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Frequently Asked Questions
What type of property is this?
Flex space - A single-story office and production property offers private offices, collaborative work areas, and conference rooms.
Where is this flex space located?
The property is located at 5407-5459 Fen Oak Dr Madison, WI.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 31,801‑square‑foot building on 3.45 acres; Built in 2006 with steel and masonry construction; Two loading docks and full sprinkler coverage
