Technical
Financial
Distress signals
Property profile

821 Washington Ave Madison, WI 53703

OFF-MARKET
Office buildings
Property ID
US92-2703880
148,747 SF 0.83 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Located in the heart of downtown Madison, Wisconsin, at 821 E. Washington Ave, this exceptional office space offers a variety of configurations within the state-of-the-art Spark Building. Developed and owned by American Family Insurance, this prestigious address boasts a modern design and high-end finishes. Two spaces are currently available, ranging from a minimum of 3,110 square feet to a maximum contiguous space of 5,068 square feet. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This is an unparalleled opportunity to join a vibrant community of established businesses, including American Family Insurance, Dreambank, ESPN Madison, and StartingBlock. The property's prime location provides easy access to major transportation routes and a wealth of amenities. The building itself offers exceptional tenant amenities, further enhancing the work environment. The available spaces are ideal for businesses seeking a sophisticated and functional workspace in a dynamic urban setting. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this remarkable Madison location. The property is classified as Executive Office, Traditional Office, and Creative Office space, catering to a diverse range of business needs.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 2017
Total area 148,747 SF
Lot 0.83 ac (36,348 SF)
Zoning code TE WP-24
APN 0709-134-1016-7
UPID US92-2703880

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Insurance Agency
  • Insurance Agency

Location

821 Washington Ave Madison, WI 53703-2935
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
by Request
Comparable Approach Comparable
$20.05M
Blend (final) Blend
$17.16M

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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