New search
Property profile & analytics
FOR LEASE
Investment properties
402 Gammon Pl Madison, WI 53719
Entity Owned
~
Est. High Equity
Property ID
US92-0684043
For Lease
1 / 3
$20.95 SF/Yr
402 Gammon Pl, Madison, WI 53719
View Listing →
Property summary
AI-generated overview
This three-story, 34,000 square foot Class B office building, constructed in 1980 and renovated in 2008, offers multiple tenancy options. Located at the highly visible corner of Mineral Point Road and Gammon Road, directly across from West Towne Mall, this property boasts exceptional visibility and accessibility. The building currently has 1,058 square feet of vacant space available, with two individual suites ranging from 248 to 810 square feet. High traffic counts ensure maximum exposure for your business. Convenient public transportation is readily available with bus stops located directly at the building. Ample on-site parking is provided for tenants and their clients. Building amenities include a shared break room, a conference room, and a fitness center complete with showers. Lower-level storage is also available for added convenience. This is an exceptional opportunity to establish your business in a well-maintained, highly visible, and amenity-rich location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1979
Total area
11,464 SF
Lot
2.44 ac (106,286 SF)
Zoning code
CC WP-16
APN
0708-252-0501-0
UPID
US92-0684043
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
-
Ben Sims Financial Group Insurance Agency
-
Perfect Pout Lipstick & Lip Gloss Studio Training Center
-
Newstar Properties Real Estate Agency
-
Dr. linos M. Ulises, DDS Physician
-
Michelle Owen Community Health Centre Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.61M
Owner & transaction history
Gammon Place LLC
Gammon Place LLC
2 recorded transactions
Zoning & alternative use
CC WP-16 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$82,486
Tax year 2022
Assessed value
$4,212,300
Assessed 2023
Previous assessed
$4,167,000
+1.1% YoY
Effective rate
1.96%
On assessed value
Assessed land
$1,755,000
Assessed improvement
$2,457,300
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1979
Heating
NONE
Stories
3
Total area
11,464 SF
Lot
2.44 ac (106,286 SF)
Zoning code
CC WP-16
APN
0708-252-0501-0
UPID
US92-0684043
Jurisdiction
DANE
Zoning & alternative use
CC WP-16 · Madison, WI
Zoning CC WP-16 · permitted uses
CC WP-16 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
3
Lot
2.44 ac
Current owner
From public records · entity-resolved
Gammon Place LLC
Entity
Mailing address
402 GAMMON PL STE #300, MADISON, WI 53719-1072
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Gammon Place LLC
—
Deed Of Trust
related
$3,500,000 · Key Bank NA
—
—
Gammon Place LLC
—
Deed Of Trust
related
$3,700,000 · Bank Of Sun Prairie
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
