700 Ray O Vac DrMadison, WI 53711

Property Details for 700 Ray O Vac Dr

Year built

1990

Lot size

1.93 AC

Property size (Sq ft)

39,941 SF

Zone code

SE

Property type

Office properties

Property subtype

Office buildings

APN

0708-254-0301-0

APU

70825403010

Description

This exceptional office property at 700 Rayovac Drive in Madison, Wisconsin offers a diverse range of spaces to suit various business needs. The building, classified as Class B, boasts a total of 39,941 square feet and provides multiple tenancy options. Available suites range from 639 to 2,450 square feet, catering to businesses of all sizes. The property's convenient location off the Beltline Highway ensures easy access and excellent visibility. Ample parking is provided with 79 free surface parking spaces. The building offers a variety of office subtypes including executive office, coworking, medical office, creative office, and traditional office spaces, making it a versatile option for a wide range of businesses. Rent includes all utilities, significantly reducing operational costs. Shared amenities enhance the workspace experience and include a well-equipped conference room, a comfortable break room, and inviting balconies. Located in Dane County, Wisconsin, with a zip code of 53711, this property presents a compelling opportunity for businesses seeking a functional and amenity-rich office space in a prime Madison location. The building's diverse suite sizes and flexible options make it an ideal choice for companies looking to expand or relocate.

• CAP approach

  CAP return

  Valuation

  6%

  $7,211,822

  6.5%

  $6,657,066

  7%

  $6,181,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,054,938

  Geo Method

  $5,202,315

• Alternative Use

  Use

  Valuation

  Residential

  $8,254,762

  Hospitality

  $7,561,318

  Educational

  $6,290,928

  Medical

  $6,507,282

  Retail

  $9,785,887

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.049

Longitude

-89.4915

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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