2814 Syene Rd Madison, WI 53713
For Lease
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This Madison, WI commercial property at 2814 Syene Rd offers 29,400 square feet of flexible space, ideal for owner-users. The building features a combination of office and warehouse space, previously occupied by Channel 57. The warehouse area is currently leased and includes one drive-in door and one truck dock. A portion of the office space is also leased, with approximately 2,200 square feet available for an owner-occupant. Leases are modified gross, with tenants responsible for electric and in-suite janitorial services. The property boasts ample on-site parking and convenient access to the West Beltline Highway. The current owner requires a leaseback of approximately 1,000 square feet. Note that a permanent easement exists for an antenna adjacent to the building, owned by a third party. The property sits on an 81,552 square foot lot and is zoned commercial. The asking price is $1,550,000. Recent improvements have been made to the building.
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This district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses designed with adequate landscaping and screening to ensure compatibility with adjoining uses
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
IL · Madison, WIThis district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses designed with adequate landscaping and screening to ensure compatibility with adjoining uses
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
