Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2424 Rimrock Rd Fitchburg, WI 53713

    • Commercial real estate
    • 3.19 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1465631
    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

    • Isalis / Boutique / Women'S Clothing Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 2424 Rimrock Rd

    Lot size
    3.19 lot acres
    Zone code
    HC
    Property type
    Commercial real estate
    APN
    0709-363-2145-0
    APU
    70936321450

    Description

    This exceptional Class A office building, located at 2424 Rimrock Rd in Fitchburg, Wisconsin, offers 26,750 square feet of versatile space available for lease. The three-story building boasts modern architecture with abundant natural light and ample on-site parking (4 spaces total). Multiple tenancy options are available, with spaces ranging from a minimum of 2,909 square feet up to the entire 26,750 square feet. The property sits on a 3.12-acre lot, providing excellent visibility and accessibility. First and second-floor spaces are available, offering a mix of configurations to suit various business needs. These include open office areas, private offices, break rooms, and conference rooms. The first floor is particularly well-suited for retail use, given its prominent location. The building's strategic location on Rimrock Road provides easy access to the Beltline Highway, downtown Madison, and the Interstate system, ensuring convenient commutes for employees and clients. This is a rare opportunity to secure high-quality office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3807
    Latitude
    43.0369
    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
    $140,352
    $957,000
    $6,151,900
    $7,108,900
    -
    $0.00
    $0.00
    $8,221,200

    Comparable in this City

    • Value Estimation by Request
      2.73 Acres

      7031 Raywood Rd

      COMMERCIAL (GENERAL) • 2.73 Acres
      7031 Raywood Rd, Madison, WI 53713
      View Details
    • Value Estimation by Request
      0.61 Acres

      2614 Industrial Dr

      COMMERCIAL (GENERAL) • 0.61 Acres
      2614 Industrial Dr, Monona, WI 53713-2248
      View Details
    • Value Estimation by Request
      4.57 Acres

      2301 Industrial Dr

      COMMERCIAL (GENERAL) • 4.57 Acres
      2301 Industrial Dr, Monona, WI 53713
      View Details
    • Value Estimation by Request
      2.65 Acres

      2301 Kilgust Rd

      COMMERCIAL (GENERAL) • 2.65 Acres
      2301 Kilgust Rd, Monona, WI 53713-4848
      View Details
    • Value Estimation by Request
      1.17 Acres

      102 Badger Rd

      COMMERCIAL (GENERAL) • 1.17 Acres
      102 Badger Rd, Fitchburg, WI 53713-2705
      View Details
    • Value Estimation
      $545,000
      3.94 Acres

      175 Badger Rd

      COMMERCIAL (GENERAL) • 3.94 Acres
      175 Badger Rd, Fitchburg, WI 53713-2708
      View Details

    Similar Nearby for Sale

    • $1,750,000
      22,906 SF

      Madison Commercial Building - Prime Location

      High-traffic Beltline, Multi-Tenant Income Property
      101 Nob Hill Rd, Madison, WI 53713
      View Details
    • $90,000

      Madison Clinic - Turnkey Business

      Established clinic, high potential, immediate income.
      1574 Broadway, Madison, WI 53713
      View Details
    • Contact for pricing
      27,125 SF

      Fitchburg Shopping Center Ground Lease

      Prime Retail Space, High Traffic Area, Vacant
      3034 Fish Hatchery Rd, Madison, WI 53713
      View Details
    • Contact for pricing
      3.93 Acres

      Fitchburg Residential Land - 3.93 Acres

      Prime Dane County residential land, ideal for development.
      2950 Bowman Cir, Fitchburg, WI 53713
      View Details
    • $525,000

      Turn-Key Restaurant on Beltline Highway

      Fully equipped restaurant with finished basement in high-visibility location.
      2705 W Beltline Hwy, Madison, WI 53713
      View Details
    • $1,650,000
      22,906 SF

      High-Visibility Office Building For Sale

      Office building with Beltline Highway visibility and owner-occupant suite.
      101 Nob Hill Rd, Madison, WI 53713
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      100,000 SF

      Madison Executive Office Space

      Prestigious Madison office, 33,000 SF available.
      45 Nob Hill Rd, Madison, WI 53713
      View Details
    • $21 SF/Yr
      100,000 SF

      Class A Madison Office Space

      Premium Office Suites, West Beltline
      2600 Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing
      27,125 SF

      Fitchburg Commercial Land Opportunity

      Prime Fitchburg land, 27,125 sq ft, high traffic.
      3034 Fish Hatchery Rd, Fitchburg, WI 53713
      View Details
    • $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
    • $18 SF/Yr
      1,694 SF

      Madison Office Space For Lease

      Centrally located office space near downtown Madison with ample parking.
      122 E Olin Ave, Madison, WI 53713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2424 Rimrock Rd
    Fitchburg, WI 53713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.