Multi-Unit Warehouse with
For Sale
$1,750,000
6524 SEYBOLD RD, Madison, WI 53719
Multi-unit property with showroom and warehouse space and Beltline frontage with signage, currently leased to two tenants.
Property Size14,500 SF
Price / SF$120.69
Days on Market187
Property Features for 6524 SEYBOLD RD
General Information
Standard status
Active
Size
14,500 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,955
Amenities
Central Air
3
Metal
HC
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Acres Realty
(608) 298-6598
Listed By:
Kevin Visel · License #9057578
(608) 556-2088
Source:
Xome
Added: Mar 5
Changed: Sep 2
Last Checked: Sep 8 at 4:14AM
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 Acres Realty
Investment Insights
Based on property information with market context.
This multi-unit commercial property includes showroom and warehouse space designed for tenants needing both customer-facing and operational areas. The building totals 14,500 SF and is currently occupied by two tenants, each operating with a showroom and warehouse setup. The property is offered for sale as a condo unit on the parcel, along with one other neighboring condo unit.
The location provides Beltline frontage with signage. Public remarks indicate an upcoming change in tenancy, with a major tenant scheduled to vacate at the end of 2027, which may create an opportunity for an owner to occupy at that time or re-tenant the space.
Additional warehouse space is also noted as available across Seybold to the south. The combination of current occupancy and the later transition timeline makes this a practical consideration for buyers evaluating near- and long-term space needs.
The location provides Beltline frontage with signage. Public remarks indicate an upcoming change in tenancy, with a major tenant scheduled to vacate at the end of 2027, which may create an opportunity for an owner to occupy at that time or re-tenant the space.
Additional warehouse space is also noted as available across Seybold to the south. The combination of current occupancy and the later transition timeline makes this a practical consideration for buyers evaluating near- and long-term space needs.
Key Highlights
- 14,500 SF multi‑unit property with Beltline frontage and signage
- Currently leased to 2 tenants; both have showroom and warehouse space
- Major tenant vacating at end of 2027—opportunity for owner occupancy or re‑tenanting at market rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,413,560
$2.4M
Cap Rate 7%
$1,723,971
$1.7M
Cap Rate 9%
$1,340,867
$1.3M
Market Conditions
NOI Build-Up for 14,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$191.4K $13.20/SF
− Vacancy
−$5.7K −$0.40/SF
EGI
$185.7K $12.80/SF
− OpEx
−$65.0K −$4.48/SF
NOI
$120.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,413,560
Cap Rate 7%
$1,723,971
Cap Rate 9%
$1,340,867
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.46M
NOI $207,401 @ 7.0% cap · market cap 11.85%
Second Best
Flex RnD
$1.72M
$1.51M – $2.01M
NOI $120,678 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$4.24M
$3.71M – $4.94M
NOI $296,496 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Madison, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit property with showroom and warehouse space and Beltline frontage with signage, currently leased to two tenants.
Where is this flex space located?
The property is located at 6524 SEYBOLD RD Madison, WI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14,500 SF multi‑unit property with Beltline frontage and signage; Currently leased to 2 tenants; both have showroom and warehouse space; Major tenant vacating at end of 2027—opportunity for owner occupancy or re‑tenanting at market rate
