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    5133 Terrace Dr Madison, WI 53718

    For Lease
    $13 SF/Yr

    77,817 SF Office Space, Ample Parking

    Lot size:
    77,817 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This impressive Class A office building, totaling 77,817 square feet across four stories, is situated on a 7.68-acre lot in Madison, Wisconsin's American Center business park. Built in 1998 and renovated in 2018, the property boasts excellent visibility and convenient access to Interstates 90/94/39 and US Highway 151. Currently offering 18,080 square feet of vacant space, this multi-tenant building provides a park-like setting with 298 free parking spaces and expansive views. Its location offers easy access to numerous restaurants, shopping, and entertainment options, and is within 10 minutes of Sun Prairie, East Towne Mall, and the Prairie Lakes development, and less than 20 minutes from downtown Madison and the Dane County Regional Airport. The building is suitable for executive, creative, and traditional office uses. This is an exceptional opportunity for businesses seeking a high-quality, well-located office space in a thriving area. The property is located at 5133 W Terrace Dr, Madison, WI 53718, in Dane County.

    Property Features for 5133 Terrace Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    77,817 SF
    Class
    A
    Total Rate
    84301.75

    Building Details

    Year Built/Renovated
    1998/2018
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 401
    Size
    12,818 SF
    Rate per SF
    $13

    HighLights

    • Convenient access to downtown, shopping, dining, and major highways.
    • Lobby and common area restrooms completely renovated in 2018.
    • Secure building with keycard access after hours.
    • Abundant free on‑site parking.
    • Storage units available for lease.
    • Professionally managed by Compass Properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laker Software Software Company Konica Minolta Business ... Computer Service ATM Johnson Financial ... Atm FedEx Drop Box Mailing Service Aerotek Recruiter

    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
    -89.2928116
    Latitude
    43.1417283

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    FAQs

    What type of property is this?
    Office space - 77,817 SF Office Space, Ample Parking
    Where is this office space located?
    The property is located at 5133 Terrace Dr Madison, WI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to downtown, shopping, dining, and major highways.; Lobby and common area restrooms completely renovated in 2018.; Secure building with keycard access after hours.
    Request Owner's contact information
    5133 Terrace Dr Madison, WI 53718
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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
    5133 Terrace Dr Madison, WI 53718
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