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Property profile & analytics
OFF-MARKET
Estimated value
$6,085,000
Office buildings
5459 Fen Oak Dr, Madison, WI 53718-3902
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0835092
Property summary
AI-generated overview
This exceptional Class A executive office building, totaling 31,197 square feet, offers 26,297 square feet of immediately available space. Situated within the World Dairy Center office park and backing a tranquil wooded area, the property boasts abundant natural light and serene views. The building features a large break room and patio, perfect for employee relaxation and collaboration. A significant advantage is the presence of MarquipWardUnited as a co-tenant. Ample parking is provided at a ratio of 3.27 spaces per 1,000 square feet. The convenient location offers easy access to Highway 51 and Beltline Highways 12/18. The lease rate is $15.00 per square foot (NNN), with an estimated NNN expense of $4.75 per square foot. The 3.45-acre lot ensures ample space and privacy. This is a rare opportunity to secure high-quality office space in a desirable location. The building's modern design and tranquil setting create an ideal work environment. Don't miss this chance to establish your business in this premier office park.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2006
Total area
31,801 SF
Lot
3.45 ac (150,238 SF)
Zoning code
PD
APN
0710-221-0409-7
UPID
US92-0835092
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
Current use
Occupant on record · Public records
-
Marquip Ward United Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.09M
Owner & transaction history
Good Mazel LLC · 4 yrs held
Good Mazel LLC
since 2021
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
PD · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+27.2%
Auto repair, garage
$9.0M
+21.9%
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
$6,545,000
ML approach
$6,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,350,000
Current use
COMMERCIAL (GENERAL)
$9,350,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,965,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,105,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$6.09M
Range $5.48M – $6.69M · ±10% · vs last sale $3.88M (Nov 23 2021)
Last sale anchor
$3.88M
Nov 23 2021
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
$191 / 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
$76,720
Tax year 2022
Assessed value
$3,876,000
Assessed 2023
Previous assessed
$3,876,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$495,000
Assessed improvement
$3,381,000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
2
Stories
1
Total area
31,801 SF
Lot
3.45 ac (150,238 SF)
Zoning code
PD
APN
0710-221-0409-7
UPID
US92-0835092
Jurisdiction
DANE
Zoning & alternative use
PD · Madison, WI
Zoning PD · permitted uses
PD · 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
OFFICE BUILDING Current
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
NONE
Stories
1
Buildings
2
Lot
3.45 ac
Current owner
From public records · entity-resolved
Good Mazel LLC
Entity
Mailing address
5123 BLUEBELL AVE, VALLEY VILLAGE, CA 91607-2911
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$3,877,000
Good Mazel LLC
Fen Oak LLC
Warranty Deed
$5,600,000 · Hiway FCU
Apr 12, 2012
—
Fen Oak LLC
—
Trustees Deed
related
$2,700,000 · Monona State Bank
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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