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Property profile & analytics
OFF-MARKET Estimated value $1,090,000
Office buildings

312 3rd St Madison, WI 53704-4744

8,935 SF 0.55 ac lot Built 1945
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-0247941
Property summary
AI-generated overview

This exceptional Dane County office property at 312 N. 3rd Street offers two available suites, perfect for creative businesses or startups. The building boasts a total of 2,096 square feet, with flexible space options ranging from a minimum of 851 square feet to a maximum contiguous space of 1,245 square feet. Currently, the entire 2,096 square feet is vacant, presenting a unique opportunity for a single tenant or the potential for multiple occupants. The location is highly desirable, situated just blocks from the planned Madison Public Market and within minutes of the vibrant restaurants and amenities of Williamson Street and the Atwood neighborhood. A significant advantage is the inclusion of free off-street parking, a rare find in this sought-after area. The open-concept design is ideal for fostering collaboration and creativity, making it an attractive option for a variety of businesses, including but not limited to, yoga studios, fitness centers, or photography studios. The property's flexible layout allows for customization to suit individual business needs. This is a truly exceptional opportunity to secure a prime location in a thriving Madison neighborhood.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1945
Total area 8,935 SF
Lot 0.55 ac (24,049 SF)
Zoning code NMX
APN 0710-063-0105-7
UPID US92-0247941
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
  • Flying Rabbit Press Event Planning Party Supply Store
  • Yuto Packaging Corporate Office
  • Green Clock Video Agency Advertising Agency Marketing & Advertising
  • Madison BCycle: UW Hospital at Observatory Dr Bike Sharing Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.09M
Owner & transaction history
Schoelkopf LLC · 10 yrs held
Schoelkopf LLC
since 2015
6 recorded transactions
2016
Price N/A
2015
$525,000
2013
$170,000
2013
$190,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
NMX · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Ce…

Zone name Neighborhood Mixed Use District
General category MIXED_USE
Zone area 157.81 ac
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