3103 Watford Way, Madison, WI 53713-3250
This exceptional 21,000-square-foot warehouse, located at 3103 Watford Way in Madison, Wisconsin, presents a compelling investment opportunity. Situated on a 0.87-acre lot (APN 0609-022-0207-1), this industrial property boasts a desirable location just south of the Beltline Highway, providing convenient access via Fish Hatchery Road. Built in phases between 1970 and 1995, the warehouse features 18' clear height ceilings and 16' at the eaves, along with two dock-high doors, ensuring efficient loading and unloading. The property is zoned I-Industrial, offering flexibility for various uses. A significant advantage is the approximately 2,100 square feet of existing office space, complete with a mezzanine level. This well-appointed office area includes a reception area, showroom, two restrooms, and a kitchen, making it ideal for a variety of businesses. The building is fully sprinklered, enhancing safety and security. The property's layout allows for potential division into multiple tenant spaces, increasing rental income potential. The asking price is $1,550,000, translating to $73.81 per square foot. This presents a strong value proposition in the thriving Madison industrial market. This warehouse offers a blend of functional space and convenient location, making it an attractive investment for both owner-occupiers and investors seeking a high-return property.
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Commercial Casework Supply General Contractor Renovation Specialist
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IG · Madison, WIMadison. Always verify with local authorities before improvements.
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.