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Property profile & analytics
FOR LEASE
Community centers
517 S Gammon Rd Madison, WI 53719
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US92-3465445
For Lease
1 / 4
$980,000
517 S Gammon Rd, Madison, WI 53719
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity is located at 517 S Gammon Rd, Madison, WI 53719, in Dane County. The Shops at Gammon Road offers 13,114 total square feet, with 5,634 square feet currently vacant. Individual spaces range from a minimum of 1,834 square feet to a maximum contiguous space of 3,800 square feet, providing flexibility for various retail concepts. Built in 2013, this property boasts excellent visibility and frontage on a high-traffic road. Its strategic location offers unparalleled accessibility to the Beltline (Highway 12/14), placing it within easy reach of Madison's vibrant west side. The property benefits from strong retail synergy with its proximity to West Towne Mall, a major 918,912 square foot super regional shopping center located directly across the street. This prime location ensures high foot traffic and visibility for your business. Monument signage is available, providing excellent branding opportunities. This is an exceptional chance to establish or expand your retail presence in a thriving Madison commercial corridor.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1973
Total area
5,401 SF
Lot
1.04 ac (45,346 SF)
Zoning code
CC
APN
0708-252-0094-5
UPID
US92-3465445
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Ch Retail Fund I Of Madison Gammo · 10 yrs held
Ch Retail Fund I Of Madison Gammo
since 2016
4 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+53.1%
Auto repair, garage
$1.5M
+46.8%
Office building
$1.3M
+20.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,255,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,035,000
Current use
COMMERCIAL (GENERAL)
$1,590,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,520,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$1,250,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$49,850
Tax year 2022
Assessed value
$2,526,400
Assessed 2023
Previous assessed
$2,520,000
+0.3% YoY
Effective rate
1.97%
On assessed value
Assessed land
$485,000
Assessed improvement
$2,041,400
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1973
Heating
NONE
Buildings
4
Stories
1
Total area
5,401 SF
Lot
1.04 ac (45,346 SF)
Zoning code
CC
APN
0708-252-0094-5
UPID
US92-3465445
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WI
Zoning CC · permitted uses
CC · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Buildings
4
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ch Retail Fund I Of Madison Gammo
Entity
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2016
$5,350,000
Ch Retail Fund I Of Madison Gammo
S & J 515 Gammon LLC
Grant Deed
—
Oct 9, 2012
—
S & J 515 Gammon LLC
—
Trustees Deed
related
$2,725,000 · First Business Bank
—
—
Tri-north Builders INC
—
Deed Of Trust
related
$819,862 · S&j 515 Gammon LLC
—
—
Ch Retail Fund I Of Madison Gammo
—
Deed Of Trust
related
$46,100,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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