6801 Odana Rd, Madison, WI 53719-1015
- Strip malls
- 10,000 SF
- 0.95 lot acres
Current Use by Public Records
- Olson Vacuum Cleaner Sales & Service Inc / (Bike/Boat/Book/etc) Store
Property Details for 6801 Odana Rd
- Year built
- 1983
- Lot size
- 0.95 lot acres
- Zone code
- CC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 0708-252-0420-2
- APU
- 70825204202
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 2, 2025 | $1,710,000 | Raksha LLC | Watson Madison LLC | Special Warranty Deed | $1.4M · Summit Cu |
| Jan 31, 2022 | — | Watson Madison LLC | Sherwin-williams Realty Holdings In | Special Warranty Deed | $673k · Citizens Community Bank |
| Jan 4, 2016 | $884,900 | Sherwin-williams Realty Holdin | Sherin-williams Co | Grant Deed | — |
Description
Westland Plaza, a 9,539 square foot, single-story shopping center in Madison, Wisconsin, presents a compelling investment opportunity. This Class B, multi-tenant property boasts 100% occupancy and a strong 7.50% capitalization rate, generating a projected Net Operating Income (NOI) of $144,755 in 2025. Located at 6801 Odana Rd, 53719, on a 0.95-acre lot, the center benefits from excellent street visibility and two convenient access points from Odana Road. Built in 1983, the property comprises four units, each currently leased. The center is strategically positioned as an outparcel to a major retail center anchored by well-known national brands. Below-market rents offer significant upside potential. One tenant operates under a month-to-month lease, providing flexibility for future growth. The property's zoning is commercial, and its location within Madison's West Towne trade area ensures high traffic and visibility. The asking price is $1,930,000, translating to $202.33 per square foot. This stabilized investment offers a rare combination of strong cash flow, excellent location, and potential for future appreciation. The property's long-standing tenancies and prime location make it an attractive addition to any portfolio.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,142,000
Market price range: $1.14M - $2.67M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4991
- Latitude
- 43.0563
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
