Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2501 Springs Dr Madison, WI 53704
    Back to Search
    Property profile & analytics

    2501 Springs Dr Madison, WI 53704

    View on Map
    • Commercial real estate
    • 5,221 SF
    • 3.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goben Cars / Car Dealership

    Property Details for 2501 Springs Dr

    Year built
    2014
    Lot size
    3.26 lot acres
    Property size
    5,221 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 2501 East Springs Drive in Madison, Wisconsin, presents a unique opportunity for automotive businesses seeking a strategic location and modern facilities. Built in 2014, the property encompasses a generous 3.26 acres of land, offering ample space for expansion and outdoor operations. The 5,221 square foot building is meticulously designed to cater to the specific needs of the automotive industry. A sleek 2,298 square foot sales office provides a professional and welcoming environment for clients, featuring two private offices, a spacious reception area, and three private bathrooms. The adjacent 2,923 square foot automotive shop is equipped for efficient vehicle servicing and repair. Five 10' x 10' overhead doors provide easy access to the workspace, which includes three hydraulic hoists, radiant heat for comfortable working conditions, and floor drains for easy cleanup. The shop also boasts 200 Amp power and washer/dryer hookups for added convenience. A mezzanine level offers valuable additional storage space. The property's strategic location, just half a mile from I-90 and Highway 151, ensures excellent visibility and accessibility for both customers and employees. This is a turnkey operation ready for immediate occupancy, offering a perfect blend of modern design, functionality, and prime location. The asking price is $1.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    DANE
    State
    Wisconsin
    Longitude
    -89.2985
    Latitude
    43.1324

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      2401 Shopko Dr

      Commercial real estate • 3.00 Acres
      2401 Shopko Dr, Madison, WI 53704
      View Details
    • Value Estimation by Request

      4611 Dovetail Dr Ste, Unit 11

      COMMERCIAL CONDOMINUIM
      4611 Dovetail Dr Ste, Madison, WI 53704-6310
      View Details
    • Value Estimation by Request

      4611 Dovetail Dr Ste, Unit 9

      COMMERCIAL CONDOMINUIM
      4611 Dovetail Dr Ste, Madison, WI 53704-6310
      View Details
    • Value Estimation by Request
      0.59 Acres

      4298 Acker Rd

      COMMERCIAL (GENERAL) • 0.59 Acres
      4298 Acker Rd, Madison, WI 53704-6102
      View Details
    • Value Estimation by Request
      0.09 Acres

      Madison, WI 53704

      COMMERCIAL (GENERAL) • 0.09 Acres
      Madison, WI 53704
      View Details
    • Value Estimation by Request
      0.02 Acres

      Madison, WI 53704

      COMMERCIAL (GENERAL) • 0.02 Acres
      Madison, WI 53704
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3.00 Acres

      Madison Commercial Land Development Opportunity

      Prime 3-acre site, ideal for development.
      2401 Shopko Dr, Madison, WI 53704
      View Details
    • Contact for pricing

      Assemblage Near Downtown Madison

      8.36 acres near downtown Madison and transportation corridors.
      2030 Pennsylvania Ave, Madison, WI 53704
      View Details
    • Contact for pricing
      138,755 SF

      East Towne Mall Redevelopment Opportunity

      Former Boston Store site in Madison, Wisconsin, for sale.
      53 E Towne Way, Madison, WI 53704
      View Details
    • Contact for pricing

      Connected Office Buildings Near Airport

      Two connected office buildings with cafeteria and convenient airport access.
      2401 International Ln, Madison, WI 53704
      View Details
    • $549,000
      5,501 SF

      Single Tenant Office Building

      5,501 sq ft single tenant office building for sale.
      2424 American Ln, Madison, WI 53704
      View Details
    • Contact for pricing
      86,175 SF

      StorQuest Self Storage - Madison

      86,175 square foot self-storage facility in Madison, Wisconsin.
      2602 Shopko Dr, Madison, WI 53704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,888 SF

      Madison Office Space For Lease

      1,500 SF Executive/Creative Office
      2702 International Ln, Madison, WI 53704
      View Details
    • Contact for pricing

      Flexible Retail & Office Spaces

      Retail and office spaces available in a prime location.
      1765 Thierer Rd, Madison, WI 53704
      View Details
    • Contact for pricing

      Retail Space Near East Towne

      Retail space adjacent to East Towne Mall and East Prairie Commons.
      4303 E Towne Way, Madison, WI 53704
      View Details
    • Contact for pricing

      Spacious Warehouse and Office Facility

      352,117 SF warehouse/manufacturing with office space for rent.
      2211 Fordem Ave, Madison, WI 53704
      View Details
    • $13 SF/Yr
      2,040 SF

      Open Retail Space Available

      2,760 SF open retail space, shared parking.
      4013-4017 Lien Rd, Madison, WI 53704
      View Details
    • Contact for pricing

      Office Space with Runway Views

      Economical office space with natural light and airport views.
      2901 International Ln, Madison, WI 53704
      View Details
    Request Owner's contact information
    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.
    2501 Springs Dr
    Madison, WI 53704
    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
    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

    Thank You for Inquiry
    2501 Springs Dr, Madison, WI, 53704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!