6626 Watts Rd Madison, WI 53719
For Sale
$995,000
High-traffic location with flexible zoning and permitted uses
Property Size5,880 SF
Lot Size0.69 Acres
Price / SF$169.22
Days on Market137
Property Features for 6626 Watts Rd
General Information
- Standard status
- Active
- Property type
- Flex space, Other retail properties, Office Units, Industrial properties, Retail properties & Spaces, Office Spaces
- Size
- 5,880 SF
- Class
- B
- Total Parking Spaces
- 18
- Elevators
- No
- Lot size
- 0.69 Acres
- Occupancy
- 72%
- Sale Condition
- Shell Condition
- Investment Type
- Owner User
- Net Operating Income
- $28,540
Building Details
- Year Built
- 1984
- Buildings
- 2
- Stories
- 1
- Units
- 2
Listing Agency:
ABSTRACT Commercial Real Estate
(608) 239-4781
Listed By:
Heather · License #5763590
(608) 239-4781
Added: Mar 9
Investment Insights
Based on property information with market context.
Key Highlights
- Newly surfaced and striped parking lot. Both buildings are separately metered.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.0k | $21.60 |
| − Vacancy | −$6.9k | −$1.17 |
| EGI | $120.1k | $20.43 |
| − OpEx | −$36.0k | −$6.13 |
| NOI | $84.1k | $14.30 |
5,880 SF · lease $21.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,193 @ 7.0% cap · market cap 9.97%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,105 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,234 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lee's Automotive Ltd
Auto Repair Shop
Similar Off Market Nearby
- 608 320 7200 sai bai thong — 6808 Odana Rd, Madison, WI 53719
- Sweet Peas Place — 6325 alison ln, madison, wi 53711
FAQs
What type of property is this?
Flex space - High-traffic location with flexible zoning and permitted uses
Where is this flex space located?
The property is located at 6626 Watts Rd Madison, WI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Newly surfaced and striped parking lot. Both buildings are separately metered.
