6417 Normandy LnMadison, WI 53705

Property Details for 6417 Normandy Ln

Year built

1986

Lot size

1.17 AC

Property size (Sq ft)

6,742 SF

Zone code

SE

Property type

Office properties

Property subtype

Office buildings

APN

0708-251-0412-1

APU

70825104121

Description

This exceptional investment opportunity presents a fully leased, 21,714-square-foot Class B professional office building located at 6417 Normandy Ln, Madison, WI 53705. The two-story building, constructed in 1994, boasts a desirable location with easy access to the West Beltline and downtown Madison. Currently generating a strong NOI of $151,255 and an 8.95% cap rate, this property offers a compelling return on investment. The building features ample parking, elevator service, handicap accessibility, and is situated on a 1.17-acre lot. Each floor offers abundant natural light thanks to numerous windows, and amenities include break areas/kitchenettes and restrooms. The property benefits from a new roof installed in 2014 and is situated within an Opportunity Zone, presenting significant tax advantages. The asking price is $1,690,000, translating to $87.50 per square foot. This multi-tenant property is currently 100% occupied, providing immediate cash flow and a stable investment. The building's well-maintained condition and prime location make it an attractive prospect for discerning investors seeking a strong, income-producing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,217,348

  6.5%

  $1,123,706

  7%

  $1,043,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $684,469

  Geo Method

  $878,146

• Alternative Use

  Use

  Valuation

  Residential

  $1,393,395

  Hospitality

  $1,276,343

  Educational

  $1,061,902

  Medical

  $1,098,423

  Retail

  $1,651,848

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.056

Longitude

-89.4903

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].