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

    2984 Triverton Pike Dr Fitchburg, WI 53711

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Medical Office, 2,145 SF Available

    Lot size:
    3,082 SF

    Property Features for 2984 Triverton Pike Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,082 SF
    Total Rate
    4366.17

    Spaces For Lease

    at 2984 Triverton Pike Dr, Fitchburg, WI 53711 Contact us
    Unit Suite 207

    $17 /Mo

    Size
    2,145 SF
    Contact us

    We can help!

    Listing Contact
    Kent Yan

    Listing Agency: Plato Commercial Real Estate, LLC Listing Agent: Kent Yan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3,082 square foot free-standing medical office building in Dane County offers a unique leasing opportunity. Currently, 2,145 square feet are available for lease, representing a significant portion of the total space. The building's previous use as a medical office provides a ready-made layout featuring several private offices, treatment rooms, a dedicated lab room, a convenient in-suite restroom, and a well-appointed reception area. All areas boast high-quality finishes, a rare find in the Madison market. The flexible space is ideal for a variety of uses beyond medical practices. Potential tenants could include therapy practices, adult day centers, or general office businesses seeking a move-in ready space with a professional aesthetic. The multiple tenancy structure allows for potential expansion or collaboration opportunities. The building's location on Triverton Pike Drive provides excellent visibility and accessibility. This property presents a compelling opportunity for businesses seeking a well-equipped, conveniently located space in a thriving Dane County market. The available space is ready for immediate occupancy, allowing for a quick and efficient transition for new tenants. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4285175
    Latitude
    43.0172705

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WI, Fitchburg - McKee Road

      Discover many ways to work your way in San Antonio Airport
      5955 Mckee Rd, Fitchburg, WI 53719
      View Details
    • $19 SF/Yr
      2,362 SF

      Fitchburg Office/Retail Space For Lease

      Second-floor office/retail space with high visibility and signage opportunity.
      2839 Fish Hatchery Rd, Fitchburg, WI 53575
      View Details
    • $15 SF/Yr
      6,851 SF

      Fitchburg Technology Campus Office Space

      Office space in a thriving technology campus with high-quality finishes.
      5525 Nobel Dr, Fitchburg, WI
      View Details
    • $15 SF/Yr
      7,530 SF

      Adaptable Lab and Office Space

      7,530 SF lab and office space for research and development.
      5520 Nobel Dr, Fitchburg, WI
      View Details
    • $19 SF/Yr
      2,393 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in Fitchburg, WI.
      3050 Cahill Main, Fitchburg, WI
      View Details
    • $23 SF/Yr
      921 SF

      Fitchburg Office Suite For Lease

      Top-floor office suite in Fitchburg's Seminole Centre Court.
      5930 Seminole Ctr Ct, Fitchburg, WI
      View Details
    • $16 SF/Yr
      1,295 SF

      Fitchburg Office Space for Rent

      Office suite with utilities included and 24/7 access.
      2976 Triverton Pike Dr, Fitchburg, WI
      View Details
    • $25 SF/Yr
      2,145 SF

      Former Medical Office Space Available

      Former medical office with private offices, treatment rooms, and lab.
      2984 Triverton Pike Dr, Fitchburg, WI
      View Details
    • $8 SF/Yr
      1,578 SF

      Fitchburg Office/Warehouse Space Available

      Office and warehouse space in prime Fitchburg location for rent.
      6140 Cottonwood Dr, Fitchburg, WI
      View Details
    • Contact for pricing
      17,520 SF

      Fitchburg Retail/Industrial Space Available

      17,520 SF retail/industrial space for lease in Fitchburg.
      5350 King James Way, Fitchburg, WI
      View Details
    • Contact for pricing
      4,473 SF

      Fitchburg Class A Office Space

      Class A office space with high traffic exposure and amenities.
      5400 King James Way, Fitchburg, WI
      View Details
    • Contact for pricing
      1,717 SF

      Fitchburg Office Space Available

      Office space for rent with parking and storage.
      2923 Marketplace Dr, Fitchburg, WI
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Medical Office, 2,145 SF Available
    Where is this individual retail property located?
    The property is located at 2984 Triverton Pike Dr Fitchburg, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 3,082 SF medical office building in Dane County.; 2,145 SF of vacant space available for lease.; Suitable for medical, therapy, adult day care, or general office use.
    (608) 698-6833 Call to check price and availability
    Request Owner's contact information
    2984 Triverton Pike Dr Fitchburg, WI 53711
    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.
    2984 Triverton Pike Dr
    Fitchburg, WI 53711
    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
    2984 Triverton Pike Dr Fitchburg, WI 53711
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kent Yan
    Real Estate License ID: 52374090
    (608) 698-6833
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!