Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    316 W Washington Ave Madison, WI 53703

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

    Modern, renovated office space near Capitol Square in Madison.

    Type:Office
    Property size:
    152,969 SF
    Added:
    Apr 6, 2024
    Days on Market:
    755
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 316 W Washington Ave

    General Information

    Standard status
    Active
    Size
    152,969 SF
    Property subtype
    Office

    Spaces For Lease

    at 316 W Washington Ave Contact us

    4rd Floor Suite 400 $23 /Mo

    Size
    8,216 SF
    Type
    Office
    Lease rate : $23.00/RSF MG +Electric
    Contact us

    5th Floor Suite 575 $26 /Mo

    Size
    2,365 SF
    Type
    Office
    $26.50/rsf Mg+electric ($1.50/sf)nSuite 500 Suite 575 Contiguous to 10,578 RSF
    Contact us

    3rd Floor Suite 325 $26 /Mo

    Size
    3,670 SF
    Type
    Office
    $26.50/rsf Mg+electric ($1.50/sf)
    Contact us

    6th Floor Suite 625 $26 /Mo

    Size
    6,050 SF
    Type
    Office
    $26.50/rsf Mg+electric ($1.50/sf)nVirtual Tour Link : https://my.matterport.com/show/?ref=em&m=gRgZE5qwuTt&brand=0&ss=153&sr=-.08,-.02
    Contact us

    7th Floor Suite 725 $26 /Mo

    Size
    2,472 SF
    Type
    Office
    $26.50/RSF MG +Electric
    Contact us

    Suite 500 $26 /Mo

    Size
    8,213 SF
    Type
    Office
    Lease rate: $26.50/RSF MG+Electric ($1.50/SF)nSuite 500 Suite 575 Contiguous to 10,578...
    show more
    Contact us

    2nd floor- Suite 265 $18 /Mo

    Size
    563 SF
    Type
    Office
    Lease Rate:$18.00/RSF
    Contact us

    2nd floor- Suite 225 $18 /Mo

    Size
    1,380 SF
    Type
    Office
    Lease Rate: $18.00/RSF
    Contact us

    2nd floor- Suite 230 $18 /Mo

    Size
    1,923 SF
    Type
    Office
    Lease Rate: $18.00/RSF
    Contact us

    2nd floor- Suite 200 $18 /Mo

    Size
    2,526 SF
    Type
    Office
    Lease Rate: $18.00/RSF
    Contact us

    5th floor- Contiguous $26 /Mo

    Size
    10,578 SF
    Type
    Office
    Lease Rate: $26.50/RSF MG +ELECTRIC ($1.50/SF)
    Contact us

    4th floor suite 400 $23 /Mo

    Size
    15,500 SF
    Type
    Office
    Available 7/1/2025n$23.00/RSF MG +Electric
    Contact us

    6th floor suite 650 $26 /Mo

    Size
    3,546 SF
    Type
    Office
    Lease rate : $26.50/RSF MG +Electricnhttps://my.matterport.com/show/?ref=em&m=gRgZE5qwuTt&brand=0&ss=153&sr=-.08,-.02
    Contact us

    2nd floor Suite 275 $20 /Mo

    Size
    653 SF
    Type
    Office
    Contact us

    2nd floor Suite 250 $20 /Mo

    Size
    1,764 SF
    Type
    Office
    Contact us

    Suite 400 A $23 /Mo

    Size
    4,503 SF
    Type
    Office
    $23.00/RSF MG +Electric
    Contact us

    Suite 400 B $23 /Mo

    Size
    1,533 SF
    Type
    Office
    $23.00/RSF MG +Electric
    Contact us

    Suite 400 C $23 /Mo

    Size
    5,816 SF
    Type
    Office
    $23.00/RSF MG +Electric
    Contact us

    Suite 400 D $23 /Mo

    Size
    1,422 SF
    Type
    Office
    $23.00/RSF MG +Electric
    Contact us

    9th Floor Suite 975 $26 /Mo

    Size
    3,255 SF
    Type
    Office
    $26.50/RSF MG +Electric
    Contact us
    Show more

    We can help!

    Listing Contact
    Jim Cavanaugh

    Listing agent Jim Cavanaugh License #WI

    Listing office Cushman & Wakefield | Boerke

    Listing date Apr 6, 2024

    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 Cushman & Wakefield | Boerke

    Overview

    Downtown Madison Class A Office

    Located in downtown Madison, two blocks from Capitol Square, this 152,969 square foot Class A office building was completely renovated in 2016. The property offers modern facilities and amenities, including secure on-site parking, a fitness center with locker rooms and showers, a common conference room, secure bike parking, and a ground floor restaurant. It is intended for use as office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Datica (Bike/Boat/Book/etc) Store Roll For Guild (Bike/Boat/Book/etc) Store Trezy.com (Bike/Boat/Book/etc) Store RED Restaurant Attorney J. Adam ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3881203
    Latitude
    43.0728488

    Nearby Similar for Lease

    • $110,925 SF/Yr

      Versatile Commercial Space in Madison

      Expansive mixed-use property with office, retail, and warehouse potential.
      1342 Dewey Court, Madison, WI 53703
      View Details
    • $600/Mo

      Functional Lower-Level Office Space

      Inexpensive office space near campus on Regent Street.
      1050 Regent Street, Madison, WI 53715
      View Details
    • $169,900 SF/Yr

      Turn Key Restaurant Opportunity

      Operating restaurant for rent in the heart of Madison.
      605 E Washington Ave, Madison, WI 53703
      View Details
    • $18,000/Mo

      Versatile Retail, Office, Warehouse Space

      Affordable space with parking near East Washington Street in Madison.
      2645 Milwaukee Street, Madison, WI 53704
      View Details
    • $117,000 SF/Yr

      Versatile Commercial Space in Madison

      Flexible commercial space in a desirable east-side Madison corridor.
      195-209 Cottage Grove, Madison, WI 53716
      View Details
    • $1,000/Mo

      Office Space with Natural Light

      Office space featuring natural light, private bathroom, and kitchenette.
      715 Post Road, Madison, WI 53713
      View Details
    • $29 SF/Yr

      The Saddlery

      Unique retail, restaurant, or office space in downtown Madison.
      329-331 E Wilson St, Madison, WI 53703
      View Details
    • Contact for pricing

      University Place Office Space Available

      Office spaces for rent in University Place, Madison.
      5005 University, Madison, WI 53705
      View Details
    • Contact for pricing

      Retail/Office Space Near Capitol Square

      3,451 SF retail or office space with exceptional exposure.
      210-216 S Pinckney St, Madison, WI 53704
      View Details
    • Contact for pricing

      Finished Office Space For Rent

      Nicely finished office space with private offices and amenities.
      4706 Cottage Grove Road, Madison, WI 53716
      View Details
    • Contact for pricing

      Professional Office Building Near Mall

      Office suites available in a well-maintained building on Odana Road.
      6314 Odana Rd, Madison, WI 53566
      View Details
    • Contact for pricing

      Odana Road Office Space Available

      Nicely finished office spaces with building signage on Odana Road.
      6514 Odana Rd , Madison, WI 53719
      View Details

    FAQs

    What type of property is this?
    Office building - Modern, renovated office space near Capitol Square in Madison.
    Where is this office building located?
    The property is located at 316 W Washington Ave Madison, WI.
    What are key features of this property?
    This property features: Prime Downtown Madison location, just two blocks from Capitol Square.; Modern, Class A office space totaling 152,969 SF.; Completely renovated in 2016.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Cavanaugh
    Real Estate License ID: WI
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!