7530 Mineral Point Rd, Madison, WI
3,864 SF vacant office building, former veterinary clinic.
- Added:
- Nov 21, 2024
- Days on Market:
- 570
- Last Refresh:
- May 20 at 8:05 pm
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 agent John Walsh (608) 575-1694
Listing office Lee & Associates of Madison (608) 575-1694
Listing date Nov 21, 2024
Source Moodyscre
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
HighLights
- Vacant 3,864 Sq. Ft. Single Tenant Office Building
- G2 Commercial Zoning
- .40 Acre Land Size
- Some New HVAC Units Installed
- First Floor and Lower Level each 1,932 Sq. Ft.
- Former Veterinary Clinic
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.5143
- Latitude
- 43.061
