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Property profile & analytics
FOR LEASE
Community centers
6514 Odana Rd Madison, WI 53719
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-0918569
For Lease
1 / 76
$23.88 SF/Yr
6514 Odana Rd, Madison, WI 53719
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Property summary
AI-generated overview
This Madison, Wisconsin commercial property at 6514 Odana Rd offers prime retail and office space for lease. The building, constructed in 1979, totals 11,770 square feet and is zoned CC. Currently, there are multiple tenancies available, with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 2,500 square feet. A total of 4,300 square feet is currently vacant and ready for immediate occupancy. The property boasts a highly desirable location on Odana Road, experiencing approximately 15,400 average daily car traffic. Its convenient access to West Towne Mall, Gammon Road, Mineral Point Road, and the Beltline Highway makes it an ideal location for businesses seeking high visibility and accessibility. The nicely finished office space includes building signage opportunities. The gross rent is $23.88 per square foot. The lot size is substantial, encompassing 1,736,562,960 square feet. This presents a unique opportunity for businesses seeking flexible, high-traffic, and well-located office space in Madison. Contact us today to learn more about leasing options and to schedule a viewing.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Total area
11,770 SF
Lot
0.92 ac (39,866 SF)
Zoning code
CC
APN
0708-251-0302-4
UPID
US92-0918569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
hi tech lab llc Medical Laboratory
-
Aerus Electrolux Home Appliance Store (Bike/Boat/Book/etc) Store
-
Remedy Intelligent Staffing Employment Agency
-
Apple Massage Alternative Medicine Practice Spa & Massage Center
-
Thrifty Car Rental - Tsh Madison TLE Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.32M
Owner & transaction history
Joel Bahr 6514 LLC · 8 yrs held
Joel Bahr 6514 LLC
since 2017
5 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$20,563
Tax year 2022
Assessed value
$1,056,300
Assessed 2023
Previous assessed
$1,042,000
+1.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$440,000
Assessed improvement
$616,300
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1979
Heating
NONE
Stories
1
Total area
11,770 SF
Lot
0.92 ac (39,866 SF)
Zoning code
CC
APN
0708-251-0302-4
UPID
US92-0918569
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WI
Zoning CC · permitted uses
CC · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Joel Bahr 6514 LLC
Entity
Mailing address
6514 ODANA RD RM #6, MADISON, WI 53719-1165
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Joel Bahr 6502 LLC
—
Deed
related
$1,500,000 · First Business Bank
Dec 7, 2017
—
Joel Bahr 6514 LLC
Bahr,joel L
Quit Claim Deed
—
Oct 5, 2010
—
Joel L Bahr
—
Deed Of Trust
related
$2,150,000 · National Mutual Benefit
—
—
Joel L Bahr
—
Deed Of Trust
related
$2,048,000 · Dmb Community Bank
—
—
Joel L Bahr
—
Deed Of Trust
related
$150,000 · Monona State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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