Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Building in Old Sauk Title is generated by Realmo AI

    8150 Excelsior Dr, Madison, WI 53717

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8,313 SF building in Madison's Old Sauk Trails Business Park.

    Type:Land, Office
    Property size:
    8,313 SF
    Lot size:
    2.67 Acres
    Price / SF:
    $282/SF
    Added:
    Mar 24, 2026
    Days on Market:
    54
    Last Refresh:
    Mar 25 at 8:52 pm

    Property Features for 8150 Excelsior Dr

    General Information

    Standard status
    Active
    Size
    8,313 SF
    Lot size
    2.67 Acres
    Property subtype
    Land, Office

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Chris Caulum, SIOR
    Chris Caulum, SIOR

    Listing agent Chris Caulum, SIOR License #WI 90-56721

    Listing office Oakbrook Corporation

    Listing date Mar 24, 2026

    Source Crexi

    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 Oakbrook Corporation

    HighLights

    • 8,313 SF building on a 2.67‑acre site with 1 acre of excess land offering expansion/redevelopment potential.
    • Located in the desirable West Madison submarket within the established Old Sauk Trails Business Park.
    • Highly visible Beltline location.
    • Flexible layout suitable for office, service, or hospitality users.
    • Well‑maintained building.
    • Originally built for restaurant use and converted to a law office.

    Overview

    This 8,313 square foot building is located in Madison’s West submarket. Originally constructed for restaurant use, it was subsequently converted into a law office. The property features a flexible layout suitable for office, service, or hospitality purposes. Situated on a 2.67-acre site, the property includes approximately 1 acre of excess land, offering potential for future expansion or redevelopment. The property is located within the established Old Sauk Trails Business Park and benefits from a visible location.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.56M
    NOI $140,237 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.00M
    NOI $140,237 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.80M
    NOI $140,237 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $219.5k $26.40
    − Vacancy −$32.5k −$3.91
    EGI $187.0k $22.49
    − OpEx −$46.7k −$5.62
    NOI $140.2k $16.87
    8,313 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $2.00M
    $1.75M – $2.34M (±1% cap)
    NOI $140,237 @ 7.0% cap · market cap 5.97%
    Second Best
    Specialty Retail
    $1.93M
    $1.69M – $2.25M (±1% cap)
    NOI $135,045 @ 7.0% cap · market cap 5.75%
    Theoretical Best
    Office A
    $2.43M
    $2.12M – $2.83M (±1% cap)
    NOI $169,984 @ 7.0% cap · market cap 7.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gingras, Thomsen & Wachs ... Law Firm Kinne Paul A Law Firm Stock Jamie A Law Firm Luebke Michael J Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5233149
    Latitude
    43.0797628

    Nearby Similar for Sale

    • $525,000
      6,750 SF

      Turn-Key Restaurant in Madison, WI

      Fully equipped restaurant with expansion potential in a prime location.
      2705 W Beltline Highway, Madison, WI 53713
      View Details
    • $699,900

      Versatile Commercial Building Near Park Street

      5,000 sq ft building on .5+ acre lot.
      2440 Perry Street, Madison, WI 53713
      View Details
    • $1,299,000

      Versatile Commercial Space on Madison's West

      Modern 5,250 sqft commercial space with high visibility.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $1,400,000
      6,256 SF

      Madison Restaurant Building For Sale

      Turnkey restaurant opportunity in sought-after Madison location.
      1025 N Sherman Avenue, Madison, WI 53704
      View Details
    • $7,500,000

      Class A Mixed-Use Building

      Versatile mixed-use building suitable for various business operations.
      2801 Marshall Court, Madison, WI 53705
      View Details
    • $1,179,900

      Mixed-Use Building Near Park Street

      Two-story mixed-use property near Madison's Park Street corridor.
      702 W Wingra Drive, Madison, WI 53715
      View Details
    • $1,200,000
      5,880 SF

      6626 Watts Rd, Madison, WI

      West Madison location with flexible HC zoning and redevelopment potential.
      6626 Watts Rd, Madison, WI 53719
      View Details
    • $1,600,000

      Historic Office Building in Madison

      Charming office building in downtown Madison near Lake Mendota.
      401 Wisconsin Avenue, Madison, WI 53703
      View Details
    • $949,900

      Spacious East Side Madison Duplex

      Well-maintained duplex with proven rental history on Madison's East Side.
      1002-1004 Severson Drive, Madison, WI 53718
      View Details
    • $649,900

      Madison Duplex with Townhouse Style

      Corner lot duplex with potential for owner occupancy.
      6934/6938 Chester Drive, Madison, WI 53719
      View Details
    • $750,000

      Madison Investment Opportunity Near Park

      Commercial property with restaurant and apartments near Madison's Park Street.
      1616 Beld Street, Madison, WI 53715
      View Details
    • $720,000

      Madison Duplex with Updated Units

      Two-story townhouse-style duplex with recent updates and strong rental income.
      2309/2311 McKenna Boulevard, Madison, WI 53711
      View Details

    FAQs

    What type of property is this?
    Office building - 8,313 SF building in Madison's Old Sauk Trails Business Park.
    Where is this office building located?
    The property is located at 8150 Excelsior Dr Madison, WI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 8,313 SF building on a 2.67‑acre site with **1 acre of excess land offering expansion/redevelopment potential.**; Located in the desirable West Madison submarket within the established Old Sauk Trails Business Park.; **Highly visible Beltline location.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Caulum, SIOR
    Chris Caulum, SIOR
    Real Estate License ID: WI 90-56721
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8150 Excelsior Dr, Madison, WI 53717
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!