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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3802 Galleon Run Madison, WI 53718-6920

    • Office buildings
    • 13.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2022
    $2,700,900
    Value Estimations
    $2,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0170459
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 3802 Galleon Run

    Lot size
    13.05 lot acres
    Zone code
    IL
    Property type
    Office buildings
    APN
    0710-272-0601-2
    APU
    71027206012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,950,000
      ML approach
      $3,655,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.2993
    Latitude
    43.0421
    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
    $1,688
    $1,045,000
    $15,265,000
    $16,310,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      6.76 Acres

      4807 Innovate Ln

      PROFESSIONAL BUILDING (MULTI-STORY) • 6.76 Acres
      4807 Innovate Ln, Madison, WI 53718-9404
      View Details
    • Value Estimation
      $1,125,000
      1,318,936 SF

      6102 American Pkwy

      PROFESSIONAL BUILDING (MULTI-STORY) • 1,318,936 SF
      6102 American Pkwy, Madison, WI 53718
      View Details
    • Value Estimation
      $1,165,000
      316,954 SF

      4902 Biltmore Ln

      PROFESSIONAL BUILDING (MULTI-STORY) • 316,954 SF
      4902 Biltmore Ln, Madison, WI 53718-2148
      View Details
    • Value Estimation
      $1,040,000
      35,299 SF

      5126 Ter Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 35,299 SF
      5126 Ter Dr, Madison, WI 53718-8342
      View Details
    • Value Estimation
      $110,000
      29,916 SF

      2601 Xrds Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 29,916 SF
      2601 Xrds Dr, Madison, WI 53718-7979
      View Details
    • Value Estimation
      $805,000
      17,153 SF

      6420 Cottage Grv Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 17,153 SF
      6420 Cottage Grv Rd, Madison, WI 53718-6592
      View Details

    Similar Nearby for Sale

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      31,198 SF

      Madison Office Building For Sale

      Office building with 31,198 square feet of space.
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    • $4,413,360
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      Office Building with Data Center

      36,778 SF office building with specialized data center.
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      Madison Executive Office Building

      Prime Madison Office, 36,778 SF
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    • $550,000
      2.35 Acres

      Madison Industrial Land - $550K

      Prime 2.35-acre industrial lot in Madison, WI.
      4602 Helgesen Dr, Madison, WI 53718
      View Details
    • Contact for pricing
      2.47 Acres

      Madison Commercial Land - 2.47 Acres

      Prime Dane County location, ideal for multi-family development.
      6512 Kilpatrick Ln, Madison, WI 53718
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    • Contact for pricing
      2 SF

      Madison Land with Utilities Included

      Land with utilities, easy access to major highways and airport.
      Marsh Rd. And Kipp St, Madison, WI 53718
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,834 SF

      Class A Office Building

      Four-story office building with easy highway access and ample parking.
      5117 W Terrace Dr, Madison, WI 53718
      View Details
    • $13 SF/Yr
      8,704 SF

      Single-Story Lab Space Available

      Move-in ready lab space with offices, break room, and parking.
      5001 World Dairy Dr, Madison, WI 53718
      View Details
    • $13 SF/Yr
      7,493 SF

      Two-Story Office Building For Lease

      Two-story office building with ample parking and keycard entry.
      5325 Wall St, Madison, WI 53718
      View Details
    • $7 SF/Yr
      2,900 SF

      Office and Warehouse Space Available

      Office and warehouse space featuring showroom and radiant heat.
      5006 Voges Rd, Madison, WI 53718
      View Details
    • Contact for pricing
      3,508 SF

      Office Space with Natural Light

      Office space featuring natural light, fitness center, and parking.
      2323 Crossroads Dr, Madison, WI 53718
      View Details
    • $15 SF/Yr
      68,436 SF

      Madison Office Space: Crossroads Dr

      Modern Madison office building, flexible suites available.
      2310 Crossroads Dr, Madison, WI 53718
      View Details
    Request Owner's contact information
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    3802 Galleon Run
    Madison, WI 53718-6920
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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