Neighborhood Retail Shopping
605 A N Sherman Avenue, Madison, WI 53704
For Sale
New
Contact for pricing
A commercial retail property in Maple Bluff, with named food and beverage businesses elsewhere in the plaza.
Property Size25,132 SF
Price / SF$0.57
Days on Market6
Property Features for 605 A N Sherman Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Steven's Real Estate
(608) 575-1907
Listed By:
Robert Lehmann · License WI #0590379
(608) 310-4222
Source:
Coactionrealestate
Added: Nov 6
Last Checked: Nov 11 at 6:28AM
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 Steven's Real Estate
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Investment Insights
Based on property information with market context.
The retail property at 605 A N Sherman Avenue in Madison is part of a shopping center built in 1965. The property size is 25,132 square feet, and its zoning is Commercial.
Businesses elsewhere in the plaza include Ancora Coffee, Vic Pierce Liquor, Great China Restaurant and Lola's Restaurant. The shopping center is in the Maple Bluff neighborhood.
Businesses elsewhere in the plaza include Ancora Coffee, Vic Pierce Liquor, Great China Restaurant and Lola's Restaurant. The shopping center is in the Maple Bluff neighborhood.
Key Highlights
- 25,132‑square‑foot retail property
- Built in 1965
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,476
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,189,520
$7.2M
Cap Rate 7%
$5,135,371
$5.1M
Cap Rate 9%
$3,994,178
$4.0M
Market Conditions
NOI Build-Up for 25,132 SF
Gross rent
$542.9K $21.60/SF
− Vacancy
−$29.3K −$1.17/SF
EGI
$513.5K $20.43/SF
− OpEx
−$154.1K −$6.13/SF
NOI
$359.5K $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%
$7,189,520
Cap Rate 7%
$5,135,371
Cap Rate 9%
$3,994,178
Alternative Uses
Best Use
Retail
$5.14M
$4.49M – $5.99M
NOI $359,476 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.34M
$6.42M – $8.56M
NOI $513,899 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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Business Placement
Demographics for 53704, WI
47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
Median Home Value
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Market
Properties on Market for Retail space in Madison
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A commercial retail property in Maple Bluff, with named food and beverage businesses elsewhere in the plaza.
Where is this retail space located?
The property is located at 605 A N Sherman Avenue Madison, WI.
What are key features of this property?
This property features: 25,132‑square‑foot retail property; Built in 1965; Commercial zoning
