Property profile

701 E Washington Ave Madison, WI 53715

FOR LEASE
Investment properties
Property ID
US92-3418286
14,241 SF 0.75 ac lot Built 1917
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office suite, located at 701 E Washington Ave in Madison, Wisconsin, offers 2,500 square feet of readily available space within a larger building totaling 47,488 square feet. Situated on a 0.75-acre lot (32,670 square feet), this single-tenant property boasts a prime location in the WI - Madison Central submarket, within Dane County. The building, constructed in 1917 and extensively renovated in 2004, is a two-story structure featuring convenient elevator access. The property is zoned TE, reflecting its suitability for executive office use. This is a unique opportunity to secure a well-maintained, historically significant building in a thriving Madison business district. The building's size and amenities provide a professional and efficient work environment. The available space is ideal for a business seeking a prominent address and modern facilities. Interested parties should note the property's convenient location and the significant investment made in its recent renovation. The property's single-tenant occupancy ensures a streamlined and efficient leasing process. This is a rare opportunity to lease a significant space in a desirable Madison location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1917
Total area 14,241 SF
Lot 0.75 ac (32,670 SF)
Zoning code TE WP-24
APN 0709-133-0304-9
UPID US92-3418286

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • Real Estate Agency
  • Home Health Care Service
  • Real Estate Agency
  • Real Estate Agency

Location

701 E Washington Ave Madison, WI 53715
Madison metro Census 1901 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.03M
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$3.14M

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A

Zoning & alternative use

TE WP-24 · Madison, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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