Property profile

2617 Progress Rd Madison, WI 53716

OFF-MARKET
Manufacturing properties
Property ID
US92-0606490
9,559 SF 1.89 ac lot Built 1987
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1987
Total area 9,559 SF
Lot 1.89 ac (82,546 SF)
Zoning code IG
APN 0710-222-0087-9
UPID US92-0606490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

2617 Progress Rd Madison, WI 53716-3320
Madison metro Census 3100 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
$775k
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k

Owner & transaction history

Zoning & alternative use

IG · Madison, WI
Zoning description

This district accommodates areas of heavy and concentrated fabrication and manufacturing and industrial uses

General category INDUSTRIAL
Top alternative use upside
Apartment house (5+ units) $1.0M +48.0%
Medical building $905,000 +30.8%
Neighborhood: shopping center $730,000 +5.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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