6502 Grand Teton PlzMadison, WI 53719

  • Office buildings
  • 9,805 SF
For Lease
$18.03/SF/YR View listing

Property Details for 6502 Grand Teton Plz

Year built
1984
Lot size
1.09 AC
Property size (Sq ft)
9,805 SF
Zone code
RMX
Property type
Office buildings
APN
0708-252-0311-3
APU
70825203113

Description

This exceptional executive office suite, located at 6502 Grand Teton Plaza in Madison, Wisconsin, offers 1,098 square feet of meticulously designed workspace. Situated in a unique and artistic building on Madison's near-west side, this suite provides immediate access to key locations including UW Hospital, Hilldale Mall, West Towne Mall, and the Beltline Highway. The space boasts a highly functional layout, including three private offices, a convenient breakroom with a sink, ample storage rooms, and a welcoming reception area. Tenants enjoy the benefit of individual HVAC control, ensuring optimal comfort year-round. Ample parking is readily available for employees and visitors. Utilities are paid separately by the tenant. This is a rare opportunity to lease a suite in this desirable building, with occupancy potentially available in mid-summer 2024. The building's total square footage is 2,242 square feet, and this suite represents a significant portion of the available space within the building. The property is located in Dane County, Wisconsin, and offers a prime location for businesses seeking convenient access to major transportation routes and amenities. This executive office suite is perfect for a business seeking a well-appointed and conveniently located space in a unique and artistic building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,006,460
    6.5%
    $1,852,120
    7%
    $1,719,830
  • Comparable approach

    Method
    Valuation
    Relative Method
    $995,435
    Geo Method
    $1,277,100
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,762,870
    Retail / Commercial
    $1,906,780
    Mixed-Use / Specialty
    $1,882,020
    Hospitality / Lodging
    $1,357,380
    Institutional / Educational
    $1,950,120
    Residential Income
    $2,281,640
    Multifamily
    $2,836,080
    Automotive / Energy
    $1,671,530
    Parking / Income-Based Land
    $594,575
    Restaurant / Food Service
    $940,505
    Healthcare / Senior Housing
    $1,948,400

Location Insight

City
Madison
County
Dane
State
Wisconsin
Latitude
43.0596
Longitude
-89.4925
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
$39,351
$517,000
$1,428,000
$1,945,000
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-
-
-

FAQs

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