Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Computer & Electronic Repair
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Property Management Company Apartment Rental Agency
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Volunteer Organization Community Center
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IT Consulting Firm (Bike/Boat/Book/etc) Store
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Publishing House
Location
Value estimations
Owner & transaction history
Zoning & alternative use
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SE · Madison, WIiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
iny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown Residential 1 DR2: Downtown Residential 2 Employment Districts TE: Traditional Employment…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SE in Madison, WI.
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