4702 Verona Rd Madison, WI 53711
- Banks
- 3,844 SF
- 2.99 lot acres
Current Use by Public Records
- BMO Harris Bank Mortgage / Mortgage Lender
- BMO Harris Bank / Mortgage Lender / Financial Planner
- ATM (BMO Harris Bank) / Atm
Property Details for 4702 Verona Rd
- Year built
- 2003
- Lot size
- 2.99 lot acres
- Property size
- 3,844 SF
- Zone code
- PD
- Property type
- Banks
- APN
- 0709-323-0224-6
- APU
- 70932302246
Description
This exceptional single-tenant office building, totaling 5,306 square feet, is situated on a 2.99-acre lot at 4702 Verona Road in Madison, Dane County. Built in 2015, the Class B property features a fully built-out interior, previously used as a bank, offering immediate occupancy for a new tenant. The space is divisible to a minimum of 3,260 contiguous square feet, making it ideal for a variety of businesses. The building boasts excellent visibility, with over 80,000 vehicles passing daily on Verona Road and the Beltline Highway. This high-traffic location offers unparalleled exposure and accessibility. The property's convenient location places it in close proximity to major retailers such as Home Depot, U-Haul, Planet Fitness, and True Value, ensuring high foot traffic and brand recognition. The single-story building includes 14 parking spaces, providing ample parking for employees and clients. The property is zoned G2 and features no elevators. This is a rare opportunity to acquire a well-maintained, highly visible office space in a thriving Madison commercial corridor. The entire 5,306 square feet is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $710,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $605,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $705,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $565,000
- Mixed-Use
- $770,000
- Hospitality
- $705,000
- Educational
- $770,000
- Residential Income
- $760,000
- Energy
- $760,000
- Income-Based Land
- $735,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4571
- Latitude
- 43.0345
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA