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    406 Science Dr Madison, WI 53711

    For Lease
    $15 SF/Yr

    Prime Madison Office, Multiple Suites Available

    Lot size:
    52,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Park West I, a Class A office building located at 406 Science Dr, Madison, WI 53711, offers exceptional office space in the University Research Park. This four-story building, totaling 52,353 square feet, boasts a park-like setting on 5.4 acres of land, providing ample free parking for 222 vehicles. Built in 1989, the property features two elevators and is conveniently situated at the corner of Mineral Point Road and Whitney Way. Suites range from a minimum of 1,979 square feet to a maximum contiguous space of 6,033 square feet, catering to various business needs. The building is undergoing continuous improvements to enhance service, performance, and energy efficiency. Its location offers easy access to numerous restaurants and shopping options, and is within a 15-minute drive of downtown Madison, Greenway Station, Middleton, Verona, and Cross Plains. The property is ideal for businesses seeking a prestigious address in a thriving, amenity-rich environment. The building accommodates multiple tenants and is suitable for executive, traditional, and medical office uses. This is a rare opportunity to secure space in a highly sought-after location.

    Property Features for 406 Science Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,353 SF
    Class
    A
    Total Rate
    67622.63

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 100
    Size
    6,033 SF
    Rate per SF
    $15
    Space
    Suite 404
    Size
    3,239 SF
    Rate per SF
    $15
    Space
    Suite 320
    Size
    1,979 SF
    Rate per SF
    $15

    HighLights

    • Class A office building totaling 52,353 square feet in Madison, WI's University Research Park.
    • Convenient location near the Beltline Hwy, UW, shopping, and restaurants.
    • On‑site document storage rooms available.
    • Secure building with after‑hours card access.
    • Ample free parking for 222 vehicles.
    • Professionally managed by Compass Properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prosthetic Dental Associates ... Prosthodontist American College-Prsthdntsts: Correll ... Dentist Rogers Behavioral Health Mental Health Service Celena D​​​​​​​​​​​​um​​​​​​​​​​​​​​​ps​​​​​​​​​​​tе​​​​​​​​​​​​​​​rs Dumpster Rental Service Medical Art Resources,Inc. Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.469272746767
    Latitude
    43.060242337619

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    FAQs

    What type of property is this?
    Medical office - Prime Madison Office, Multiple Suites Available
    Where is this medical office located?
    The property is located at 406 Science Dr Madison, WI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 52,353 square feet in Madison, WI's University Research Park.; Convenient location near the Beltline Hwy, UW, shopping, and restaurants.; On-site document storage rooms available.
    Request Owner's contact information
    406 Science Dr Madison, WI 53711
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    Madison, WI 53711
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    Realmo Value Estimation

    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.

    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.

    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
    406 Science Dr Madison, WI 53711
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