5380 King James WayFitchburg, WI 53719

Property Details for 5380 King James Way

Lot size

1.96 AC

Property type

Commercial real estate

APN

0609-064-4326-3

APU

60906443263

Description

This exceptional investment opportunity presents a fully-leased, 29,353 square foot flex industrial building situated on a 1.961-acre lot at 5380 King James Way, Fitchburg, WI 53719. The property boasts a prime location with high visibility on Verona Rd/Highway 151, experiencing 42,400 vehicles daily, enhanced by a prominent pylon sign. Constructed in 1990, the building houses a mix of office, showroom, and industrial space, currently occupied at 100% capacity by established businesses including a long-term anchor tenant (nearly 30 years). Recent improvements include resealing and restriping of the 69 on-site parking stalls (October 2024). The property benefits from two convenient access points from King James Way and enjoys proximity to other industrial properties, Class A office space, and major retailers such as Target, Hy-Vee, and Aldi's. Further enhancing its appeal, the Verona Area School District recently acquired adjacent land for a future middle school. The building features several tenants with high-end interior build-outs, reflecting a commitment to quality and functionality. This stabilized investment offers a compelling opportunity for long-term growth and return, priced at $2,720,000.

• CAP approach

  CAP return

  Valuation

  6%

  $17,480,300

  6.5%

  $16,135,600

  7%

  $14,983,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,672,210

  Geo Method

  $11,126,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,782,100

  Retail / Commercial

  $16,611,800

  Mixed-Use / Specialty

  $16,396,100

  Hospitality / Lodging

  $11,825,500

  Office

  $16,135,600

  Institutional / Educational

  $16,989,400

  Residential Income

  $19,877,600

  Multifamily

  $24,707,900

  Automotive / Energy

  $14,562,300

  Parking / Income-Based Land

  $5,179,930

  Restaurant / Food Service

  $8,193,660

  Healthcare / Senior Housing

  $16,974,400

Location Insight

City

Fitchburg

County

Dane

State

Wisconsin

Latitude

43.0175

Longitude

-89.473

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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