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    Property profile & analytics

    1765 Thierer Rd Madison, WI 53704

    • Neighborhood centers
    • 65,819 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beyer Kristy A / Physical Therapist
    • Pankratz James T / Physical Therapist
    • Mussallem Matthew / Physical Therapist
    • Burich Linda L / Physical Therapist
    • Ziegler Laura / Physical Therapist

    Property Details for 1765 Thierer Rd

    Year built
    1982
    Property size
    65,819 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    The Avenue Shops, located at 1765 Thierer Rd in Madison, WI 53704, offers exceptional executive office and retail space within a Class A, 65,819 square foot building. Built in 1982, this multi-tenant property sits on a generous 183,752 square foot lot and is ideally situated near East Towne Mall, providing excellent visibility and accessibility. Currently, there are 20,400 square feet of vacant space available, divisible into units as small as 900 square feet and up to a contiguous 11,000 square feet, offering flexibility for businesses of various sizes. The property's subtype is listed as both Executive Office and Strip Center, catering to a diverse range of potential tenants. Prominent signage opportunities are available in the lighted monument sign. This Dane County property presents a rare opportunity to secure high-quality commercial space in a thriving Madison location. The property is zoned for retail and office use.

    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
    -89.3125
    Latitude
    43.1234

    Comparable in this City

    • Value Estimation by Request
      787,809 SF

      89 Towne Mall

      Lifestyle centers • 787,809 SF
      89 Towne Mall, Madison, WI 53704
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    • Value Estimation by Request
      3,752 SF

      1702 &1726 Eagan Rd

      Retail properties • 3,752 SF
      1702 &1726 Eagan Rd, Madison, WI 53704
      View Details
    • Value Estimation by Request

      2135 Zeier Rd

      Office Properties & Spaces
      2135 Zeier Rd, Madison, WI 53704
      View Details
    • Value Estimation by Request
      3,659 SF

      1 Sherman Ter

      Restaurants • 3,659 SF
      1 Sherman Ter, Madison, WI 53704
      View Details
    • Value Estimation
      $1,130,000
      29,852 SF

      4303 Towne Way

      SHOPPING CENTER, STRIP CENTER • 29,852 SF
      4303 Towne Way, Madison, WI 53704-3707
      View Details
    • Value Estimation
      $515,000
      2,290 SF

      1113 Sherman Ave

      SHOPPING CENTER, STRIP CENTER • 2,290 SF
      1113 Sherman Ave, Madison, WI 53704-4292
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
      65,819 SF

      Madison Executive Office Suites

      Prime Madison location, flexible spaces available.
      1765 Thierer Rd, Madison, WI 53704
      View Details
    • Contact for pricing
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      Madison Retail Space Available

      Prime Madison location, 1,673 sq ft.
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      Lien Crossing Retail Center

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      Prime Madison Retail Space

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    • $23 SF/Yr
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      Sherman Ave Retail Space For Lease

      Prime East Madison Retail - 1300 SF
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      Madison Retail Space - Essex Square

      Prime Madison retail, multiple spaces available.
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      View Details
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    1765 Thierer Rd
    Madison, WI 53704
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    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
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