3301-3309 Latham Dr Madison, WI 53713
Property profile & analytics
3301-3309 Latham Dr Madison, WI 53713
- Showrooms
- 19,876 SF
- 1.53 lot acres
Property ID
US92-3461824
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 3301-3309 Latham Dr
- Year built
- 2004
- Lot size
- 1.53 lot acres
- Property size
- 19,876 SF
- Zone code
- IG
- Property type
- Showrooms
- APN
- 0609-022-0517-4
- APU
- 60902205174
Description
This exceptional 20,000-square-foot flex space industrial property, located at 3301 Latham Drive in Madison, Wisconsin, presents a compelling investment or owner-user opportunity. Situated on a 1.53-acre lot, this single-story, 2004-built building boasts a desirable IG zoning designation. Currently vacant, the property offers immediate occupancy and significant upside potential. The building is divided into two approximately 10,000-square-foot units, providing flexibility for various uses. One unit features warehouse space with a small office area, while the other includes a small amount of finished office space, along with separately controlled cooler and freezer areas built to food processing standards. The property includes one loading dock and seven dock-high doors, with ceiling heights ranging from 16 to 19 feet. The property's location within a thriving industrial park, just south of the beltline, benefits from a remarkably low 2% vacancy rate in the immediate submarket, a testament to the area's strong demand. This has driven a substantial 63% increase in market rental rates since 2014, with further growth projected. The asking price is $1,950,000, representing an attractive pro-forma cap rate of 8%. This is a rare chance to acquire a well-maintained industrial property in a prime Madison location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,095,000
- ML approach
- $2,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,964,000
Market price range: $1.96M - $3.07M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,400,000 Current use
- WAREHOUSE, STORAGE
- $2,695,000 Change: +12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4032
- Latitude
- 43.0277
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$25,775
$175,000
$1,125,000
$1,300,000
-
$0.00
$0.00
$0.00
