5250 Terrace DrMadison, WI 53718

Property Details for 5250 Terrace Dr

Year built

1997

Lot size

3.41 AC

Property size (Sq ft)

31,989 SF

Zone code

SEC

Property type

Office buildings

APN

0810-221-0501-0

APU

81022105010

Description

This exceptional Class A office building, situated in Madison's American Center Office Park, offers a variety of high-quality spaces. The single-story building, constructed in 1997, boasts a total of 31,989 square feet and features 132 parking spaces for ample tenant and visitor convenience. Currently, there are multiple suites available, ranging from a minimum of 1,806 square feet to a maximum contiguous space of 3,500 square feet, with a total of 5,306 square feet currently vacant. The property sits on a generous 3.4-acre lot and is zoned SEC. Enjoy the benefits of a prime location with easy access to Interstates 90/94 and Highway 151, placing you minutes away from East Towne Mall and Dane County Regional Airport. The building has recently undergone significant improvements, including brand new common area updates to the lobby, restrooms, building entrances, and a shared conference room. Large windows throughout the building provide abundant natural light. This is an ideal opportunity for businesses seeking modern, well-maintained office space in a highly desirable location. The building's traditional and executive office spaces cater to a variety of business needs and sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $6,546,130

  6.5%

  $6,042,580

  7%

  $5,610,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,247,630

  Geo Method

  $4,166,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,276,400

  Retail / Commercial

  $6,220,910

  Mixed-Use / Specialty

  $6,140,110

  Hospitality / Lodging

  $4,428,480

  Institutional / Educational

  $6,362,290

  Residential Income

  $7,443,880

  Multifamily

  $9,252,760

  Automotive / Energy

  $5,453,390

  Parking / Income-Based Land

  $1,939,810

  Restaurant / Food Service

  $3,068,410

  Healthcare / Senior Housing

  $6,356,680

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.1452

Longitude

-89.2911

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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