Three-Story Office
For Sale
$5,000,000
6911 Mangrove Lane, Monona, WI 53713
Business/Comm, Monona, WI
Property Size34,000 SF
Lot Size1.47 Acres
Price / SF$147.06
Days on Market65
Property Features for 6911 Mangrove Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B
Security features
Security System
Interior features
Passenger elevator, Public rest rooms, Private Restrooms, Reception area, Security system, Internal sprinkler, Private office(s), 200 AMP, Elevator, Fire Alarm, Fire Escape, Fire Stairs, Gas Hot Water Heater
Accessibility
Accessible Elevator Installed
Lot features
Corner, High Traffic Location, High Visibility, Near Major Highway
Directions
W. Beltline Hwy to Broadway to Mangrove
Subdivision
MONONA - C
Standard status
Active
APN
071030270873
Size
34,000 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
94753
Amenities
elevator
climate-controlled server room
Building Details
Year built
1995
Number of units
1
Roof type
Membrane, Flat
Listing Agency:
EXP Realty, LLC
(866) 848-6990
Listed By:
Mike Coleman · License #9679494
(608) 208-5048
Added: Aug 13
Changed: Oct 16
Last Checked: Oct 16 at 12:06PM
MLS# 2029536
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 34,000-square-foot office building occupies 1.47 acres in Monona and was constructed in 1995. The three-story brick structure offers approximately 11,333 square feet per floor, with high ceilings, tinted windows, public and private restrooms, reception space, private offices, internal sprinklers, fire and security systems, and an accessible passenger elevator serving every level. A dedicated third-floor server room includes climate control and an independent secondary HVAC cooling loop.
The property is located at 6911 Mangrove Lane, one block from the W. Beltline Hwy and W. Broadway corridor. Zoned B, the building provides floorplates that can be divided into suites ranging from approximately 4,000 to 15,000 square feet. Additional features include a flat membrane roof, 200 AMP electrical service, and gas hot water heating.
The property is located at 6911 Mangrove Lane, one block from the W. Beltline Hwy and W. Broadway corridor. Zoned B, the building provides floorplates that can be divided into suites ranging from approximately 4,000 to 15,000 square feet. Additional features include a flat membrane roof, 200 AMP electrical service, and gas hot water heating.
Key Highlights
- 34,000‑square‑foot office building on 1.47 acres
- Three‑story brick construction completed in 1995
- Approximately 11,333 square feet per floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,809
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,676,180
$6.7M
Cap Rate 7%
$4,768,700
$4.8M
Cap Rate 9%
$3,708,989
$3.7M
Market Conditions
NOI Build-Up for 34,000 SF
Gross rent
$489.6K $14.40/SF
− Vacancy
−$12.7K −$0.37/SF
EGI
$476.9K $14.03/SF
− OpEx
−$143.1K −$4.21/SF
NOI
$333.8K $9.82/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,676,180
Cap Rate 7%
$4,768,700
Cap Rate 9%
$3,708,989
Alternative Uses
Best Use
Office B
$6.72M
$5.88M – $7.84M
NOI $470,383 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$4.77M
$4.17M – $5.56M
NOI $333,809 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$7.90M
$6.91M – $9.22M
NOI $553,062 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 53713, WI
23,291
Population
11,635
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
86%
High-School Grad
9.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$57,833
Median Household Income
$36,998
Median Earnings
$1,173
Median Rent
$259,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Brick commercial property with elevator access, flexible floorplates, and a climate-controlled server room.
Where is this office building located?
The property is located at 6911 Mangrove Lane Monona, WI.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 34,000‑square‑foot office building on 1.47 acres; Three‑story brick construction completed in 1995; Approximately 11,333 square feet per floor
