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

    2118 Beltline Hwy Madison, WI 53713-2340

    • Retail properties
    • 42,758 SF
    • 3.02 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2025
    $4,000,000
    Value Estimations
    $4,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0767573
    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

    • Retail properties

    Property Details for 2118 Beltline Hwy

    Year built
    1997
    Lot size
    3.02 lot acres
    Property size
    42,758 SF
    Zone code
    CC
    Property type
    Retail properties
    APN
    0709-343-0705-4
    APU
    70934307054

    Description

    This exceptional retail property, located at 2118 W Beltline Hwy in Madison, Wisconsin, offers 16,850 square feet of vacant space within a larger 43,670 square foot building. Situated in Dane County, this prime location boasts excellent visibility along the Beltline Highway, ensuring high traffic and exposure for your business. The property is designated for multiple tenancies, though currently only one suite is available. This presents a unique opportunity for a single large tenant or the potential for division into smaller spaces (subject to feasibility and approvals). The property's classification is retail commercial, making it ideal for a wide variety of businesses. The address is 2118 W Beltline Hwy, Madison, WI 53713. This is a for-sale/lease opportunity, providing flexibility for potential buyers or lessees. The property's strategic location and ample square footage make it an attractive investment for businesses seeking high visibility and convenient access in a thriving Madison market. Interested parties should inquire for further details regarding pricing and lease terms. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,260,000
      ML approach
      $6,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,050,000
      Market price range: $2.10M - $10.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4144
    Latitude
    43.037
    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
    $71,052
    $825,000
    $3,175,000
    $4,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,595,000
      31,033 SF

      2148 Beltline Hwy

      DEPARTMENT STORE • 31,033 SF
      2148 Beltline Hwy, Madison, WI 53713-2340
      View Details
    • Value Estimation by Request
      27,125 SF

      3034 Fish Hatchery Rd

      Lifestyle centers • 27,125 SF
      3034 Fish Hatchery Rd, Madison, WI 53713
      View Details
    • Value Estimation by Request
      36,681 SF

      923 Applegate Rd

      Individual retail properties • 36,681 SF
      923 Applegate Rd, Madison, WI 53713
      View Details
    • Value Estimation
      $8,605,000
      84,960 SF

      2164 Beltline Hwy

      DEPARTMENT STORE • 84,960 SF
      2164 Beltline Hwy, Madison, WI 53713-2340
      View Details
    • Value Estimation by Request
      0.26 Acres

      2432 Perry St

      PARKING LOT • 0.26 Acres
      2432 Perry St, Madison, WI 53713
      View Details
    • Value Estimation
      $525,000
      1.91 Acres

      2501 Todd Dr

      SHOW ROOM, WAREHOUSE • 1.91 Acres
      2501 Todd Dr, Madison, WI 53713-2341
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,125 SF

      Fitchburg Shopping Center Ground Lease

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    • $1,595,000
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      Madison Industrial Property with Showroom

      22,500 SF industrial property with showroom and ample parking.
      2814 Perry St, Madison, WI 53713
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    • $1,399,900

      Versatile Commercial Space on Madison's West

      5,250 sqft commercial space ideal for various business uses.
      1225 Greenway Cross, Madison, WI 53713
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    • $3,550,000
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      Madison Retail and Warehouse Building

      15,000 SF retail and warehouse with showroom and service area.
      2620 Rimrock Rd, Madison, WI 53713
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    • $525,000

      Turn-Key Restaurant in Madison, WI

      Turn-key restaurant with lease for sale in thriving commercial area.
      2705 W Beltline Hwy, Madison, WI 53713
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    • Contact for pricing
      117 SF

      Retail Space in Monona Drive

      Retail space with high visibility and national co-tenancy.
      6500 Monona Dr, Madison, WI 53713
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    Similar Nearby for Lease

    • $9 SF/Yr
      31,033 SF

      Madison Retail Space: Beltline Hwy

      Prime 31,033 SF retail space in Madison, WI.
      2148 Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing
      10,907 SF

      South Towne Mall Retail Space

      Retail space available for rent in South Towne Mall.
      2311-2355 W Broadway, Monona, WI 53713
      View Details
    • $900,000
      4,000 SF

      High Image Power Center Retail

      Retail opportunities in high image power center off HWY 12/18.
      2455 W Broadway, Monona, WI 53713
      View Details
    • $21 SF/Yr
      19,360 SF

      Proposed Class A Office Building

      Proposed 6-story Class A office building with retail space for rent.
      2600 W Beltline Hwy, Madison, WI 53713
      View Details
    • $18 SF/Yr
      1,828 SF

      Retail Space in Visible Strip

      Retail space available in a highly visible retail strip.
      2401-2413 W Broadway, Monona, WI 53713
      View Details
    • Contact for pricing
      2,500 SF

      Retail Pad Site Opportunity

      Highly visible retail pad site with drive-thru potential.
      2251 W Broadway, Monona, WI 53713
      View Details
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    Madison, WI 53713-2340
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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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