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Property profile & analytics
OFF-MARKET
Estimated value
$5,150,000
Office buildings
2821 Dairy Dr, Madison, WI 53718-3823
Entity Owned
Free & Clear
Property ID
US92-3492251
Property summary
AI-generated overview
This exceptional 7,507 square foot executive office space is available for lease at 2821 Dairy Dr, Madison, WI 53718. Located in Dane County, this single-story building offers a unique opportunity for a business seeking a substantial and entirely vacant space. The property is classified as an executive office and is suitable for multiple tenants. The entire 7,507 square feet is currently available, presenting a blank canvas for a company to design and customize their ideal workspace. The building's single-story design offers convenient accessibility and efficient layout. This prime location in Madison provides easy access to major transportation routes and amenities, making it an attractive option for businesses seeking a prominent presence in the area. The property's ample square footage allows for flexible configurations to accommodate various business needs and expansion plans. Interested parties are encouraged to inquire for lease terms and conditions. This is a rare opportunity to secure a significant amount of office space in a desirable Madison location. The property is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2001
Total area
32,214 SF
Lot
2.34 ac (102,018 SF)
Zoning code
SE
APN
0710-221-0205-9
UPID
US92-3492251
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gradient Web Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Protection Technologies Inc Security Service
-
Total Exteriors LLC Roofing Company General Contractor
-
Lifetouch Photography Service (Bike/Boat/Book/etc) Store
-
IDS Sales & Engineering Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.15M
Owner & transaction history
Long Arc Industrial LLC
Long Arc Industrial LLC
since 2026
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,235,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,185,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.15M
Range $4.64M – $5.67M · ±10% · vs last sale $3.10M (Jun 18 2021)
Last sale anchor
$3.10M
Jun 18 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$160 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$61,633
Tax year 2022
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$3,100,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$400,000
Assessed improvement
$2,700,000
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Heating
NONE
Stories
2
Total area
32,214 SF
Lot
2.34 ac (102,018 SF)
Zoning code
SE
APN
0710-221-0205-9
UPID
US92-3492251
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WI
Zoning SE · permitted uses
SE · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
2
Lot
2.34 ac
Current owner
From public records · entity-resolved
Long Arc Industrial LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4916 E BROADWAY, MADISON, WI 53716-4139
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
$3,890,000
Long Arc Industrial LLC
Wi Development Partners LLC
Warranty Deed
—
May 8, 2024
—
Wi Development Partners LLC
—
Deed
related
$290,000 · One Community Bank
Jun 18, 2021
$3,100,000
Wi Development Partners LLC
2821 Dairy Drive LLC
Warranty Deed
$2,505,000 · One Community Bank
Apr 16, 2020
—
2821 Dairy Drive LLC
—
Deed
related
$60,000 · Oak Bank
Jan 4, 2008
—
2821 Dairy Drive LLC
—
Trustees Deed
related
$2,730,000 · First Business Bank
Nov 1, 2007
—
2821 Dairy Drive LLC
Verkuylen,diane M
Warranty Deed
—
Oct 16, 2007
—
Diane M Verkuylen
Stratton,david W
Warranty Deed
—
—
—
Diane M Verkuylen
—
Deed Of Trust
related
$86,000 · First Business Bank
—
—
2821 Dairy Drive LLC
—
Deed Of Trust
related
$100,000 · First Business Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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