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4702 Verona Rd Madison, WI 53711

Banks Google Maps
3,844 SF 2.99 ac lot Built 2003
Entity Owned 4-yr Hold Free & Clear
4702 Verona Rd, Madison, WI 53711 For Lease
Contact for pricing 5,306 SF available
4702 Verona Rd, Madison, WI 53711
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Estimated value (blended)
$710k
Range $639k – $781k (±10%)
Property ID US92-1046189

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2003
Total area 3,844 SF
Lot 2.99 ac (130,114 SF)
Zoning code PD
APN 0709-323-0224-6
UPID US92-1046189

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Financial Advisor
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k

Owner & transaction history

since 2022
Last sale
$650,000
2 recorded transactions
2022
$650,000
2011
Price N/A

Zoning & alternative use

PD · Madison, WI
Zoning description

Planned Development zoning is site-specific zoning, where specific use and development requirements are written for each individual PD zone. Conventional zoning districts are districts whose rules are wholly within the C…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Retail stores $930,000 +120.4%
Commercial (general) $705,000 +66.5%
Auto repair, garage $610,000 +44.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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