1905 Bartillon DrMadison, WI 53704

  • Showrooms
  • 17,176 SF
For Sale
$1,550,000 View listing

Property Details for 1905 Bartillon Dr

Year built
1992
Lot size
1.66 AC
Property size (Sq ft)
17,176 SF
Zone code
CC WP-15
Property type
Showrooms
APN
0810-283-0403-8
APU
81028304038

Description

Exceptional investment or owner-occupant opportunity in Madison, Wisconsin. This 17,300-square-foot warehouse, located at 1905 Bartillon Dr, is currently 100% occupied by Bimbo Bakeries under a NNN lease expiring June 30, 2027. The property boasts a strong net operating income (NOI) of $97,680 and is priced at $1,550,000. Built in 1992, this single-story building sits on a 2.8-acre lot and features two loading docks. The property is zoned CC and offers easy access to major highways and the Dane County Regional Airport. The tenant, Bimbo Bakeries, has a credit-rated history and has occupied the space since February 18, 1992. This presents a stable income stream for investors or a prime location for owner-occupancy. There are no lease options available. This is a rare opportunity to acquire a high-quality industrial property in a prime Madison location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,558,956
    6.5%
    $4,208,267
    7%
    $3,907,677
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,394,281
    Geo Method
    $5,637,678
  • Alternative Use

    Use
    Valuation
    Residential
    $3,549,831
    Hospitality
    $3,251,626
    Educational
    $2,705,314
    Medical
    $2,798,354
    Retail
    $4,208,267

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.1243
Longitude
-89.3223
CBSA code
31540
CBSA name
MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,882
$310,000
$815,000
$1,125,000
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