5902 Raymond RdMadison, WI 53711

Property Details for 5902 Raymond Rd

Year built

1959

Lot size

0.51 AC

Property size (Sq ft)

2,720 SF

Zone code

NMX

Property type

Office properties

Property subtype

Office buildings

APN

0708-364-0916-4

APU

70836409164

Description

This exceptional, fully remodeled single-story office building, situated on a 5.1-acre lot in Dane County, offers 5,230 square feet of versatile space. Built in 1959 and extensively renovated in 2024, the property boasts a modern interior while maintaining its character. The building is zoned NMX and features 18 parking spaces, ensuring ample convenience for staff and clients. Two spaces are currently available, with a minimum divisible space of 2,494 square feet and a maximum contiguous space of 5,230 square feet. The layout includes 2,736 square feet on the first floor and 2,494 square feet in the basement, providing flexibility for various configurations. The lease rate is $10.32 per square foot, triple net (NNN). Its high visibility and convenient access make it an ideal location for a variety of businesses. The property's strong demographics make it particularly attractive to potential tenants such as dental offices, mental health groups, non-profit organizations, physical therapy practices, medical offices, and veterinary clinics. This stand-alone building presents a unique opportunity for businesses seeking a modern, well-maintained space in a desirable location. The property's size and layout offer significant potential for growth and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $491,128

  6.5%

  $453,349

  7%

  $420,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,143

  Geo Method

  $354,280

• Alternative Use

  Use

  Valuation

  Residential

  $562,153

  Hospitality

  $514,929

  Educational

  $428,415

  Medical

  $443,149

  Retail

  $666,423

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0322

Longitude

-89.4836

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].