Free-Standing Office Building
915 Haywood Dr Madison, WI 53715
915 Haywood Dr, Madison, WI, 53715
$1,081,029
For Sale
$1,081,029
NNN office building built in 2015, leased to DocGo Inc. (Ryan Brothers Ambulance) through 7/31/29.
Property Size3,269 SF
Price / SF$330.69
Days on Market55
Property Features for 915 Haywood Dr
General Information
- Standard status
- Active
- Size
- 3,269 SF
Listing agency
ALTUS Commercial Real Estate, Inc.
(608) 444-4111
Listed by
Jeff Jansen · License #9047025
(608) 444-4111
Source
Exprealty
Added: May 28 Updated: Jul 21 at 1:31PM Checked: Jul 21 at 1:31PM
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 ALTUS Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
This free-standing office building was built in 2015 and is leased on a NNN basis to DocGo Inc., DBA Ryan Brothers Ambulance, through 7/31/29. The lease includes two additional one-year options and 3.5% annual increases. The building is used as a training facility and administrative offices for the ambulance business. Interior improvements include mainly open office space with a few private offices, two bathrooms, lots of windows, and central A/C, along with a grass area that can be used for gatherings or parties.
The property is located at 915 Haywood Dr in Madison, WI, in a downtown setting, and provides 10 parking spaces.
The building must be sold together with 922 S Park Street (MLS# referenced in the remarks).
The property is located at 915 Haywood Dr in Madison, WI, in a downtown setting, and provides 10 parking spaces.
The building must be sold together with 922 S Park Street (MLS# referenced in the remarks).
Key Highlights
- Free‑standing NNN office building built in 2015, leased to DocGo Inc. (DBA Ryan Brothers Ambulance).
- Current lease runs through 7/31/29 with two 1‑year options and 3.5% annual increases.
- Downtown Madison office building with 269 SF and a buildout of mostly open office space plus a few private offices.
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 | $86.3k | $26.40 |
| − Vacancy | −$12.8k | −$3.91 |
| EGI | $73.5k | $22.49 |
| − OpEx | −$18.4k | −$5.62 |
| NOI | $55.1k | $16.87 |
3,269 SF · lease $26.40/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$787.8K
$689.3K – $919.1K
NOI $55,147 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$954.9K
$835.6K – $1.11M
NOI $66,845 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - NNN office building built in 2015, leased to DocGo Inc. (Ryan Brothers Ambulance) through 7/31/29.
Where is this office building located?
The property is located at 915 Haywood Dr Madison, WI.
What is the asking price?
The asking price for this property is $1,081,029.
What are key features of this property?
This property features: Free‑standing NNN office building built in 2015, leased to DocGo Inc. (DBA Ryan Brothers Ambulance).; Current lease runs through 7/31/29 with two 1‑year options and 3.5% annual increases.; Downtown Madison office building with 269 SF and a buildout of mostly open office space plus a few private offices.
