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    Segoe Rd Madison, WI 53705
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    Segoe Rd, Madison, WI 53705

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    • Neighborhood centers
    • 150,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Segoe Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Madison Yards at Hill Farms offers exceptional office space in a vibrant mixed-use development. Located at the southwest corner of University Avenue and N. Segoe Road in Madison, Wisconsin (zip code 53705), this Class A property boasts 150,000 square feet of total building space, with 25,200 square feet currently vacant. The development features multiple tenancies, ideal for businesses of varying sizes. Spaces range from a minimum of 5,000 square feet to a maximum contiguous space of 8,700 square feet, with three spaces currently available ranging from 3,400 to 8,700 square feet. The property is situated on a 21-acre lot and provides ample parking with 1700 spaces. This premier location offers easy access to Hilldale Mall and benefits from its proximity to a luxury hotel, a large state office building, residential units, and extensive retail and entertainment options. The property is zoned for executive and medical office uses, as well as retail and restaurant uses, making it a versatile option for a variety of businesses. Dane County's thriving economy and strong workforce make this an attractive investment opportunity. The property's strategic location and comprehensive amenities create a dynamic and convenient environment for businesses seeking a prestigious address in Madison. Contact us today to learn more about the available spaces and explore the possibilities.

    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
    -89.457
    Latitude
    43.0752

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

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      $915,000
      5,766 SF

      4406 Regent St

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      4406 Regent St, Madison, WI 53705
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    • Value Estimation
      $9,140,000
      83,702 SF

      750 University Row

      MEDICAL BUILDING
      750 University Row, Madison, WI 53705-1311
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      960 SF

      5129 University Ave

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      5129 University Ave, Madison, WI 53705-1360
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    • Value Estimation by Request
      2,340 SF

      2837 University Ave

      MEDICAL CLINIC
      2837 University Ave, Madison, WI 53705-3643
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    • Value Estimation by Request
      165,000 SF

      4703 Madison Yards Way

      Office Spaces
      4703 Madison Yards Way, Madison, WI 53705
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      24,500 SF

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    • $7,500,000

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      2019-built mixed-use building currently configured for restaurant, daycare, and office uses with 64 underground parking stalls.
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      Prime Redevelopment Opportunity in Madison

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    Similar Nearby for Lease

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      845 SF

      Mixed-Use Retail and Apartment Building

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      Lakepoint Commons Retail and Apartments

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      180,000 SF

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      800 SF

      Retail Space with Drive-Thru Potential

      800 SF retail space with drive-thru potential and signage.
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      180,000 SF

      Class A Office/Medical Building

      Class A office/medical building with retail space and parking.
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    Segoe Rd
    Madison, WI 53705
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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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    Segoe Rd, Madison, WI, 53705
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