4906 Femrite Dr Madison, WI 53716-4130
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
Value estimations
Owner & transaction history
Zoning & alternative use
This district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses des…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
IL · Madison, WIThis district provides for a mix of light manufacturing uses and offices and warehousing and flex space and limited storage and warehousing and limited retail and service uses that primarily serve the industrial uses des…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for IL in Madison, WI.
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