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Property profile & analytics
OFF-MARKET Estimated value $1,100,000
Auto shops

999 Park St Madison, WI 53715-1860

2,162 SF 0.53 ac lot Built 1970
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-0501271
Property summary
AI-generated overview

This exceptional 3,300 square foot standalone building offers a unique blend of retail and office space, ideally situated in Madison's vibrant Bay Creek submarket. Located at 999 S Park St, this single-tenant property boasts 150 feet of frontage on Park Street and 86 feet on Lakeside Street, providing excellent visibility and accessibility. Built in 1970, the one-story building sits on a 0.53-acre lot and includes 24 parking spaces, addressing ample parking needs. The property features three 10-foot-high dock doors, offering versatile usage potential for various businesses, including the possibility of a drive-thru. These doors could also serve as additional office space, artist studios, or contract work areas. The zoning is TSS. The property's proximity to the University of Wisconsin campus and major hospitals like Meriter and St. Mary's Hospitals makes it an attractive location for a wide range of businesses. The building's location within a growing and dynamic corridor ensures high visibility and potential for strong tenant occupancy. The property's APN is 0709-262-0221-2. Currently under contract, pre-leasing inquiries are welcome.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Total area 2,162 SF
Lot 0.53 ac (23,231 SF)
Zoning code TSS
APN 0709-262-0221-2
UPID US92-0501271
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M
Owner & transaction history
Voell Real Estate LLC · 1 yrs held
Voell Real Estate LLC
since 2024
Last sale
$1.1M
1 recorded transaction
2024
$1.1M
Zoning & alternative use
TSS · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $760,000 +24.5%
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