Multi-Tenant Shopping
New
For Sale
$8,849,000
700 S Gammon Rd, Madison, WI 53719
Thirteen tenants span retail, dining, service, health, and recreation uses.
Property Size36,182 SF
Lot Size3.36 Acres
Price / SF$221.53
Days on Market1
Property Features for 700 S Gammon Rd
General Information
Standard status
Active
Size
36,182 SF
Lot size
3.36 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
36,182 SF
Year Built
1998
Tenancy
Multi
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Ryan Bennett · License #CalDRE #01826517
(760) 519-0240
Source:
Lee-associates
Added: Oct 19
Last Checked: Oct 19 at 2:17PM
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 Lee & Associates San Diego - Carlsbad
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this 39,945-square-foot shopping center sits on approximately 3.36 acres and is fully leased to 13 tenants. Its tenant roster includes Wingstop, Little Caesars, Subway, X-Golf, Jackson Hewitt, Prime Health Dental, Pancake Cafe, and Get It Now, along with other retail, restaurant, service, health, and recreation businesses.
The property is at 700 S Gammon Road in Madison, Wisconsin. Capital work includes a replacement roofing system completed in 2021, parking lot upgrades in 2023, and concrete replacement covering approximately 75% of the center in 2025.
The property is at 700 S Gammon Road in Madison, Wisconsin. Capital work includes a replacement roofing system completed in 2021, parking lot upgrades in 2023, and concrete replacement covering approximately 75% of the center in 2025.
Key Highlights
- 39,945‑square‑foot shopping center on approximately 3.36 acres
- Fully leased to 13 retail, restaurant, service, health, and recreation tenants
- Tenant roster includes Wingstop, Little Caesars, Subway, X‑Golf, Jackson Hewitt, Prime Health Dental, Pancake Cafe, and Get It Now
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$571,354
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,427,080
$11.4M
Cap Rate 7%
$8,162,200
$8.2M
Cap Rate 9%
$6,348,378
$6.3M
Market Conditions
NOI Build-Up for 39,945 SF
Gross rent
$862.8K $21.60/SF
− Vacancy
−$46.6K −$1.17/SF
EGI
$816.2K $20.43/SF
− OpEx
−$244.9K −$6.13/SF
NOI
$571.4K $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%
$11,427,080
Cap Rate 7%
$8,162,200
Cap Rate 9%
$6,348,378
Alternative Uses
Best Use
Retail
$8.16M
$7.14M – $9.52M
NOI $571,354 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.67M
$10.21M – $13.61M
NOI $816,795 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,168
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Gammon Place Shopping Center — 658 S Gammon Rd, Madison, WI 53719
- West Towne Collection — W Towne Mall, Madison, WI 53719
- Market Square Shopping Center — 6692 Odana Rd, Madison, WI 53719
- Coin Cloud Bitcoin ATM — 6640 Odana Rd, Madison, WI 53719
- High Point Center — 7475 Mineral Point Rd, Madison, WI 53717
Frequently Asked Questions
What type of property is this?
Shopping center - Thirteen tenants span retail, dining, service, health, and recreation uses.
Where is this shopping center located?
The property is located at 700 S Gammon Rd Madison, WI.
What is the asking price?
The asking price for this property is $8,849,000.
What are key features of this property?
This property features: 39,945‑square‑foot shopping center on approximately 3.36 acres; Fully leased to 13 retail, restaurant, service, health, and recreation tenants; Tenant roster includes Wingstop, Little Caesars, Subway, X‑Golf, Jackson Hewitt, Prime Health Dental, Pancake Cafe, and Get It Now
