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Property profile & analytics
FOR LEASE
Retail space

416 Commerce Dr Madison, WI 53719

16,080 SF 1.49 ac lot Built 1994
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-0260669
Property summary
AI-generated overview

This exceptional 16,240 square foot retail property, shadow-anchored by a Menards, presents a unique investment opportunity in Verona, Wisconsin. Currently, 6,301 square feet of space is immediately available for lease within this multi-tenant building located at 416 Commerce Drive, Madison, WI 53719. The building is classified as a Bay Auto Service Center Shadow, offering significant potential for businesses seeking high visibility and convenient access. The minimum leasable space is 6,301 square feet, providing ample room for a variety of automotive-related or complementary businesses. The property's strategic location in Dane County ensures high traffic volume and exposure to a substantial customer base. This is an ideal opportunity for businesses seeking a well-established location with strong anchor tenant support. The property boasts a prime location in a thriving commercial area, offering excellent visibility and accessibility. The available space is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a significant retail space in a high-demand location. The property's size and location make it an attractive option for businesses seeking expansion or a new location in a dynamic market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Total area 16,080 SF
Lot 1.49 ac (64,861 SF)
Zoning code CC
APN 0708-271-0104-2
UPID US92-0260669
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
  • O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.52M
CAP Approach CAP
$3.54M
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$3.41M
Owner & transaction history
Exchangeright Net-leases Portfolio · 4 yrs held
Exchangeright Net-leases Portfolio
since 2022
Last sale
$3.2M
6 recorded transactions
2022
$3.2M
2022
$2.5M
2022
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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