Financial
Distress signals
Property profile

2424 American Ln Madison, WI 53704

FOR LEASE
Office buildings
Property ID
US92-1144343
5,466 SF 0.01 ac lot Built 1978
Last sale Apr 2010 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A single-tenant office building totaling 5,501 square feet is situated on a 1.40-acre lot. The property provides 22 parking spaces, for an approximate ratio of 4 spaces per 1,000 square feet, and includes men’s and women’s restroom facilities as well as an outdoor patio area. Building signage is available. The structure is wood-frame construction and is located on land leased from Dane County Regional Airport. The property is zoned for office use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$524k
Assessed improvement$524k
Effective rate1.96%

Value estimate

· Sep 2026
$390k
$351k – $429k
Submarket $/SF estimate$980k
NOI build-up
Gross scheduled income$145k
Vacancy & credit loss−$21k
Operating expenses−$31k
NOI · 618,666.67% cap applied$93k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$231/SF
Submarket average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$135 – $335

Cap rate analysis

How does the asset earn?
618,666.67%
$93k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SE
The SE District is established to encourage a broad range of employment activities including limited industrial uses conducted within enc...
General categoryINDUSTRIAL
JurisdictionDANE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.5
Restaurant18.4
Dental Office17.3

Location

2424 American Ln Madison, WI 53704
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4781 Hayes, Madison, WI 53704-7343 $1,750,000 Dec 2025 11,648 SF
418 Oak, Madison, WI 53704-5036 $625,000 Oct 2022 4,608 SF
2132 Fordem, Madison, WI 53704-4699 $556,000 Aug 2021 2,636 SF
2702 International, Madison, WI 53704-3117 $1,100,000 Apr 2021 19,888 SF
1915 Winnebago, Madison, WI 53704-5305 $320,500 May 2020 1,419 SF
4868 High Xing, Madison, WI 53704-7403 $750,000 Feb 2019 10,174 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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