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Property profile & analytics
FOR LEASE
Office buildings

122 W Washington Ave Madison, WI 53703

122,760 SF 0.2 ac lot Built 1927
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US92-0851248
Property summary
AI-generated overview

This exceptional Madison, Wisconsin commercial property, located at 122 W Washington Ave, offers 7,861 square feet of prime retail and office space currently available for lease. The building is comprised of four suites, with flexible options for tenants seeking executive office space. Multiple tenancy is available, with a minimum divisible space of 1,756 square feet and a maximum contiguous space of 4,339 square feet. The entire 7,861 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The property is situated in Dane County, Wisconsin, within the vibrant city of Madison, offering excellent visibility and accessibility. Its "Executive Office" designation speaks to its suitability for businesses seeking a prestigious and functional workspace. The address, 122 W Washington Ave, Madison, WI 53703, provides a convenient and desirable location for businesses seeking a central presence in the city. This is an ideal opportunity for businesses seeking flexible and high-quality office space in a thriving urban environment. The property's size and layout offer considerable versatility, catering to a range of business needs and sizes. Interested parties are encouraged to inquire about lease terms and availability.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1927
Total area 122,760 SF
Lot 0.2 ac (8,712 SF)
Zoning code DC
APN 0709-231-0913-0
UPID US92-0851248
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DNV Professional Services
  • Attorney Juscha E.M. Robinson Law Firm
  • Richman & Richman Law Firm Financial Advisor
  • Attorney Lester Pines Law Firm
  • Claire Ann Resop Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.55M
Blend (final) Blend
$14.16M
Owner & transaction history
Hovde Building LLC · 16 yrs held
Hovde Building LLC
since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A
Zoning & alternative use
DC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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