Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2623 Stoughton Rd Madison, WI 53716-3311

    Property Lookup

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

    2623 Stoughton Rd Madison, WI 53716-3311

    View on Map
    • Auto shops
    • 3,116 SF
    • 0.47 lot acres
    Off-Market
    Property ID
    US92-0084041
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Reece Auto & Restoration / Auto Repair Shop
    • LKM Accounting Services / Accounting Firm
    • Epic Electric and Solar Inc. / Electrical Service / General Contractor

    Property Details for 2623 Stoughton Rd

    Year built
    1971
    Lot size
    0.47 lot acres
    Property size
    3,116 SF
    Zone code
    IL
    Property type
    Auto shops
    APN
    0710-211-0207-6
    APU
    71021102076

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3085
    Latitude
    43.0589
    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
    $13,489
    $111,500
    $498,500
    $610,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      4,320 SF

      5001 Femrite Dr

      AUTO REPAIR, GARAGE • 4,320 SF
      5001 Femrite Dr, Madison, WI 53716-4131
      View Details
    • Value Estimation by Request
      1,578 SF

      1415 Pflaum Rd

      AUTO REPAIR, GARAGE • 1,578 SF
      1415 Pflaum Rd, Madison, WI 53716-2835
      View Details
    • Value Estimation by Request
      1,200 SF

      2512 Stoughton Rd

      AUTO REPAIR, GARAGE • 1,200 SF
      2512 Stoughton Rd, Madison, WI 53716-3318
      View Details
    • Value Estimation by Request
      5,273 SF

      2118 Stoughton Rd

      AUTO REPAIR, GARAGE • 5,273 SF
      2118 Stoughton Rd, Madison, WI 53716-2852
      View Details
    • Value Estimation by Request
      1,307 SF

      4621 Dutch Ml Rd

      AUTO REPAIR, GARAGE • 1,307 SF
      4621 Dutch Ml Rd, Madison, WI 53716-4107
      View Details
    • Value Estimation
      $1,135,000
      5,760 SF

      2410 Stoughton Rd

      AUTO REPAIR, GARAGE • 5,760 SF
      2410 Stoughton Rd, Madison, WI 53716-2858
      View Details

    Similar Nearby for Sale

    • $1,550,000

      Redevelopment Parcel in Monona, WI

      Prime Monona parcel suitable for redevelopment with versatile zoning.
      5450 Monona Dr, Monona, WI 53716
      View Details
    • Contact for pricing
      13,975 SF

      Retail/Industrial Building on South Stoughton

      13,975 SF retail/industrial building available for rent.
      2110 S Stoughton Rd, Madison, WI 53716
      View Details
    • Contact for pricing

      Retail Building Near Beltline Interchange

      New construction retail building adjacent to Beltline interchange in Monona.
      6501 Monona Dr, Monona, WI 53716
      View Details
    • $995,000
      8,589 SF

      Madison Office Building - Great Visibility!

      Prime Madison location, high visibility, excellent income potential.
      4706 Cottage Grove Rd, Madison, WI 53716
      View Details
    • New
      $625,000
      0.23 Acres

      Monona Three-Unit Apartment Building

      Three-unit apartment building in Monona, Wisconsin, with remodeling.
      5604 Bjelde Ln, Monona, WI 53716
      View Details
    • $320,000

      Commercial Land with Highway Visibility

      Commercial land with high visibility and convenient highway access.
      4302 E Broadway Ave, Madison, WI 53716
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Flex Space on Stoughton Road

      1,600 sq ft flex space available for lease.
      3031 S Stoughton Rd, Madison, WI 53716
      View Details
    • $19 SF/Yr

      Retail Spaces on Monona Drive

      Retail spaces available with frontage and dedicated parking.
      4504-4506 Monona Dr, Madison, WI 53716
      View Details
    • Contact for pricing

      1910-1978 S Stoughton Rd, Madison, WI 53716

      Shopping centers
      1910-1978 S Stoughton Rd, Madison, WI 53716
      View Details
    • $8 SF/Yr
      1,600 SF

      Madison Flex Space For Rent

      1,600 sq ft flex space suitable for retail or industrial.
      3025-3037 S Stoughton Rd, Madison, WI 53716
      View Details
    • $19 SF/Yr
      2,809 SF

      Retail Spaces on Monona Drive

      Retail spaces available with frontage and dedicated parking.
      4502-4522 Monona Dr, Madison, WI 53716
      View Details
    • Contact for pricing
      4,906 SF

      Retail Space in Lake Edge

      4,906 sq. ft. retail space in Lake Edge Shopping Center.
      4100-4126 Monona Dr, Madison, WI 53716
      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.
    2623 Stoughton Rd
    Madison, WI 53716-3311
    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

    Thank You for Inquiry

    2623 Stoughton Rd, Madison, WI, 53716

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!