5902 Raymond Rd Madison, WI 53711-4100
This exceptional, fully remodeled single-story office building, situated on a 5.1-acre lot in Dane County, offers 5,230 square feet of versatile space. Built in 1959 and extensively renovated in 2024, the property boasts a modern interior while maintaining its character. The building is zoned NMX and features 18 parking spaces, ensuring ample convenience for staff and clients. Two spaces are currently available, with a minimum divisible space of 2,494 square feet and a maximum contiguous space of 5,230 square feet. The layout includes 2,736 square feet on the first floor and 2,494 square feet in the basement, providing flexibility for various configurations. The lease rate is $10.32 per square foot, triple net (NNN). Its high visibility and convenient access make it an ideal location for a variety of businesses. The property's strong demographics make it particularly attractive to potential tenants such as dental offices, mental health groups, non-profit organizations, physical therapy practices, medical offices, and veterinary clinics. This stand-alone building presents a unique opportunity for businesses seeking a modern, well-maintained space in a desirable location. The property's size and layout offer significant potential for growth and expansion.
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Dr. N Mannarino DDS Dental Office
TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Ce…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NMX · Madison, WITR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.