4906 Femrite Dr Madison, WI 53716-4130
- Showrooms
- 3,840 SF
- 0.87 lot acres
Current Use by Public Records
- FCM CORPORATION / General Contractor
Property Details for 4906 Femrite Dr
- Year built
- 2015
- Lot size
- 0.87 lot acres
- Property size
- 3,840 SF
- Zone code
- IL
- Property type
- Showrooms
- APN
- 0710-223-0524-9
- APU
- 71022305249
Description
This exceptional investment opportunity presents a fully leased, 9,084 square foot office and warehouse building located at 4906 Femrite Drive in Madison, Wisconsin, zip code 53716. The property, a traditional office building, boasts a prime location near Highway 51 and the Beltline, offering convenient access to major transportation routes. Originally constructed in 1983, the building underwent a complete renovation and expansion in 2015. This included the demolition of the majority of the original structure and the construction of new office space, along with the addition of two warehouse bays. The current configuration provides a blend of modern office space and functional warehouse facilities. Currently operating at 100% occupancy, the building offers a stable income stream with lease expirations strategically spread between 2025 and 2027. This stabilized investment property presents a rare opportunity to acquire a high-quality, well-located commercial asset in a thriving Madison market. The asking price for this exceptional property is $979,000. Dane County location provides access to a strong workforce and robust local economy. This is a turnkey investment ready for immediate income generation. The property's blend of office and warehouse space caters to a diverse range of potential tenants, ensuring long-term value and stability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $940,000
- 6.5%
- $990,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,115,000
- Retail
- $980,000
- Mixed-Use
- $980,000
- Hospitality
- $1,030,000
- Educational
- $1,125,000
- Residential Income
- $1,120,000
- Energy
- $840,000
- Income-Based Land
- $1,050,000
- Food Service
- $1,075,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.2981
- Latitude
- 43.0521
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
