5133 Terrace DrMadison, WI 53718

Property Details for 5133 Terrace Dr

Year built

1998

Lot size

7.68 AC

Property size (Sq ft)

81,593 SF

Zone code

SEC

Property type

Office buildings

APN

0810-224-0601-2

APU

81022406012

Description

This impressive Class A office building, totaling 77,817 square feet across four stories, is situated on a 7.68-acre lot in Madison, Wisconsin's American Center business park. Built in 1998 and renovated in 2018, the property boasts excellent visibility and convenient access to Interstates 90/94/39 and US Highway 151. Currently offering 18,080 square feet of vacant space, this multi-tenant building provides a park-like setting with 298 free parking spaces and expansive views. Its location offers easy access to numerous restaurants, shopping, and entertainment options, and is within 10 minutes of Sun Prairie, East Towne Mall, and the Prairie Lakes development, and less than 20 minutes from downtown Madison and the Dane County Regional Airport. The building is suitable for executive, creative, and traditional office uses. This is an exceptional opportunity for businesses seeking a high-quality, well-located office space in a thriving area. The property is located at 5133 W Terrace Dr, Madison, WI 53718, in Dane County.

• CAP approach

  CAP return

  Valuation

  6%

  $16,696,900

  6.5%

  $15,412,600

  7%

  $14,311,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,283,580

  Geo Method

  $10,627,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $31,313,000

  Retail / Commercial

  $15,867,400

  Mixed-Use / Specialty

  $15,661,300

  Hospitality / Lodging

  $11,295,500

  Institutional / Educational

  $16,228,000

  Residential Income

  $18,986,800

  Multifamily

  $23,600,600

  Automotive / Energy

  $13,909,700

  Parking / Income-Based Land

  $4,947,800

  Restaurant / Food Service

  $7,826,480

  Healthcare / Senior Housing

  $16,213,700

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.1417

Longitude

-89.2928

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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