6417 Normandy Ln Madison, WI 53705
- Office buildings
- 6,742 SF
- 1.17 lot acres
Current Use by Public Records
- Computer Services / Computer & Electronic Repair
- Anchor Property Management LLC / Property Management Company / Apartment Rental Agency
- Supreme Council Order / Volunteer Organization / Community Center
- Javis Industries LLC / IT Consulting Firm / (Bike/Boat/Book/etc) Store
- Select Publishing / Publishing House
Property Details for 6417 Normandy Ln
- Year built
- 1986
- Lot size
- 1.17 lot acres
- Property size
- 6,742 SF
- Zone code
- SE
- Property type
- Office buildings
- APN
- 0708-251-0412-1
- APU
- 70825104121
Description
This exceptional investment opportunity presents a fully leased, 21,714-square-foot Class B professional office building located at 6417 Normandy Ln, Madison, WI 53705. The two-story building, constructed in 1994, boasts a desirable location with easy access to the West Beltline and downtown Madison. Currently generating a strong NOI of $151,255 and an 8.95% cap rate, this property offers a compelling return on investment. The building features ample parking, elevator service, handicap accessibility, and is situated on a 1.17-acre lot. Each floor offers abundant natural light thanks to numerous windows, and amenities include break areas/kitchenettes and restrooms. The property benefits from a new roof installed in 2014 and is situated within an Opportunity Zone, presenting significant tax advantages. The asking price is $1,690,000, translating to $87.50 per square foot. This multi-tenant property is currently 100% occupied, providing immediate cash flow and a stable investment. The building's well-maintained condition and prime location make it an attractive prospect for discerning investors seeking a strong, income-producing asset in a thriving market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $1,865,000
- 7%
- $1,735,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,110,000
Market price range: $240k - $1.69M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,560,000 Current use
- RESTAURANT
- $2,245,000 Change: +44% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,980,000 Change: +27% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,900,000 Change: +22% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,295,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4903
- Latitude
- 43.056
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
