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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1221 John Q Hammons Dr Madison, WI 53717

    • Office buildings
    • 53,234 SF
    • 4.34 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3408058
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kozarek John A MD / Doctor
    • SVA / Business Center
    • Buencamino Cenon M MD / Doctor
    • Hoefer Daniel J MD / Doctor
    • Mc Kinnon Sally G MD / Doctor

    Property Details for 1221 John Q Hammons Dr

    Year built
    2001
    Lot size
    4.34 lot acres
    Property size
    53,234 SF
    Zone code
    SEC
    Property type
    Office buildings
    APN
    0708-151-0202-8
    APU
    70815102028

    Description

    This exceptional Class A office building, located at 1221 John Q Hammons Dr in Madison, Wisconsin, 53717, offers 61,800 square feet of versatile space. Built in 1991, this two-story building boasts a desirable location with Beltline visibility. The property is zoned SEC and currently features 7,000 square feet of immediately available space, with a minimum divisible unit of 4,000 square feet. The building is ideal for a variety of uses, including executive office suites, coworking spaces, and medical offices. Amenities include a convenient kitchen and lunchroom, a spacious training room with a 45-person capacity, ample parking (4.7 spaces per unit), dedicated visitor parking, and high-speed fiber optics. A significant signage opportunity exists for larger tenants. The building features one elevator for convenient access to both floors. This is a rare opportunity to secure prime office space in a highly sought-after Madison location. Contact us today to learn more about leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,220,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5229
    Latitude
    43.0828
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $123,197
    $1,040,000
    $5,565,700
    $6,605,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      8020 Excelsior Dr, Madison, WI 53717-1998
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      $10,690,000
      94,504 SF

      8040 Excelsior Dr

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      $4,915,000
      33,900 SF

      1289 Deming Way

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      1289 Deming Way, Madison, WI 53717-2007
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    • Value Estimation
      $7,775,000
      68,974 SF

      708 Heartland Trl

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    • Value Estimation by Request
      12.91 Acres

      8501 Excelsior Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 12.91 Acres
      8501 Excelsior Dr, Madison, WI 53717-1939
      View Details
    • Value Estimation
      $2,390,000
      15,759 SF

      1110 4th Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 15,759 SF
      1110 4th Dr, Madison, WI 53717-1963
      View Details

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    Similar Nearby for Lease

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    • $24 SF/Yr
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      Three-Story Office Building For Rent

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      Professional Office Space For Rent

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    • $22 SF/Yr
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      Impressive Office Building For Rent

      Five-story office building with granite accents and modern amenities.
      1200 John Q Hammons Dr, Madison, WI 53717
      View Details
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    Madison, WI 53717
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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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