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Property profile & analytics
FOR LEASE
Office buildings

316 W Washington Ave Madison, WI 53703

18,000 SF 1.35 ac lot Built 1971
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US92-0463479
Property summary
AI-generated overview

This exceptional Class A office building, located in the heart of downtown Madison, offers 256,858 square feet of prime commercial space. Situated just two blocks from Capitol Square, this prestigious location provides unparalleled access to a thriving business community. The building underwent a complete renovation in 2016, resulting in state-of-the-art facilities and amenities designed to meet the needs of today's professionals. Individual suites range from a minimum of 460 square feet to a maximum contiguous space of 14,529 square feet, with a total of 93,285 square feet currently vacant and available for lease. Multiple tenancy options are available. Building amenities include secure on-site parking, a fully equipped fitness center with locker rooms and showers, a convenient common conference room, secure bike parking, and a ground floor restaurant. The building's location boasts a walk score of 97, providing easy access to renowned dining establishments, vibrant cultural attractions, and excellent walkability throughout the city. This is a truly unique opportunity to secure prestigious office space in one of Madison's most desirable locations. The building's modern design and comprehensive amenities create an ideal workspace for businesses seeking both prestige and functionality.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1971
Total area 18,000 SF
Lot 1.35 ac (58,675 SF)
Zoning code UMX
APN 0709-231-1226-6
UPID US92-0463479
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
  • Datica (Bike/Boat/Book/etc) Store Corporate Office
  • Roll For Guild (Bike/Boat/Book/etc) Store Corporate Office
  • Trezy.com (Bike/Boat/Book/etc) Store Corporate Office
  • RED Restaurant
  • Attorney J. Adam Woodford Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.24M
Blend (final) Blend
$3.50M
Owner & transaction history
316 Wwa LLC · 11 yrs held
316 Wwa LLC
since 2014
4 recorded transactions
2017
Price N/A
2015
Price N/A
2014
Price N/A
2007
$8.6M
Zoning & alternative use
UMX · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ng Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment SE: Suburban Em…

Zone name Urban Mixed Use
General category MIXED_USE
Zone area 103.46 ac
Top alternative use upside
Auto repair, garage $5.1M +21.9%
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