Vacant Single Tenant Office
7530 Mineral Point Rd Madison, WI
For Sale
Contact for pricing
3,864 SF vacant office building, former veterinary clinic.
Property Size3,864 SF
Lot Size0.40 Acres
Price / SF$232.66
Days on Market616
Property Features for 7530 Mineral Point Rd
General Information
Standard status
Active
Size
3,864 SF
Lot size
0.40 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates of Madison
(608) 575-1694
Listed By:
John Walsh
(608) 575-1694
Source:
Moodyscre
Added: Nov 21, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:45AM
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 of Madison
Investment Insights
Based on property information with market context.
This is a single tenant office building, currently vacant, with a total size of 3,864 square feet. The building includes a first floor and a lower level, each measuring 1,932 square feet. Constructed in 1990, the property sits on a 0.40-acre lot and is zoned G2 Commercial. Recent upgrades include the installation of some new HVAC units. Formerly used as a veterinary clinic, the property's total assessment is $543,400, broken down as $231,000 for the land and $312,400 for improvements. The parcel number is 0708-233-0105-0.
Key Highlights
- Vacant 3,864 Sq. Ft. Single Tenant Office Building
- G2 Commercial Zoning
- .40 Acre Land Size
Financial Insights For Office B
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 | $102.0k | $26.40 |
| − Vacancy | −$15.1k | −$3.91 |
| EGI | $86.9k | $22.49 |
| − OpEx | −$21.7k | −$5.62 |
| NOI | $65.2k | $16.87 |
3,864 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$931.2K
$814.8K – $1.09M
NOI $65,184 @ 7.0% cap · market cap 7.25%
Second Best
Healthcare Medical
$784.5K
$686.5K – $915.3K
NOI $54,918 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.13M
$987.6K – $1.32M
NOI $79,011 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 3,864 SF vacant office building, former veterinary clinic.
Where is this office building located?
The property is located at 7530 Mineral Point Rd Madison, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Vacant 3,864 Sq. Ft. Single Tenant Office Building; G2 Commercial Zoning; .40 Acre Land Size
