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Property profile & analytics
FOR LEASE
Office buildings

700 Ray O Vac Dr Madison, WI 53711

39,941 SF 1.93 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-1293525
Property summary
AI-generated overview

This exceptional office property at 700 Rayovac Drive in Madison, Wisconsin offers a diverse range of spaces to suit various business needs. The building, classified as Class B, boasts a total of 39,941 square feet and provides multiple tenancy options. Available suites range from 639 to 2,450 square feet, catering to businesses of all sizes. The property's convenient location off the Beltline Highway ensures easy access and excellent visibility. Ample parking is provided with 79 free surface parking spaces. The building offers a variety of office subtypes including executive office, coworking, medical office, creative office, and traditional office spaces, making it a versatile option for a wide range of businesses. Rent includes all utilities, significantly reducing operational costs. Shared amenities enhance the workspace experience and include a well-equipped conference room, a comfortable break room, and inviting balconies. Located in Dane County, Wisconsin, with a zip code of 53711, this property presents a compelling opportunity for businesses seeking a functional and amenity-rich office space in a prime Madison location. The building's diverse suite sizes and flexible options make it an ideal choice for companies looking to expand or relocate.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1990
Total area 39,941 SF
Lot 1.93 ac (83,984 SF)
Zoning code SE
APN 0708-254-0301-0
UPID US92-1293525
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
  • Udulutch Marie PHD Physician Medical Clinic
  • Regent Mental Health Group Medical Clinic
  • Judith Utevsky Counselor
  • Kirk Olson Physician
  • Julia Rhodes Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.37M
Owner & transaction history
Aspire 700 Rayovac LLC · 4 yrs held
Aspire 700 Rayovac LLC
since 2021
Last sale
$2.4M
5 recorded transactions
2021
$2.4M
2021
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 SE: Suburban Employment SEC: Suburban Employment Center EC: Employment Campus IL: Industrial - Limited IG: Industrial - General Special Dist…

Zone name Suburban Employment District
General category INDUSTRIAL
Zone area 1,653.41 ac
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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