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7530 Mineral Point Rd 3,864 SF Retail Building Madison, WI 53717 $780,000 ($201.86/SF) 8.72% Cap Rate
Investment Highlights
- 2.5% annual escalators for 5 years left on lease
- Some new HVAC units installed recently
Executive Summary
Single tenant office building (now vacant); Building size: 3,864 Sq. Ft.; First floor: 1,932 Sq. Ft.; Lower level: 1,932 Sq. Ft.; Land size: .40 Acres; Former Veterinary Clinic; Some new HVAC units installed recently; Built in 1990; G2 Commercial Zoning; Assessments: Land: $231,000; Improved: $312,400; Total: $543,400; Parcel number: 0708-233-0105-0; Sale Price: $780,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,864 SF
Year Built
1990
Price
$780,000
Price Per SF
$201.86
Cap Rate
8.72%
NOI
$67,995
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.41 AC
Zoning
G2
Frontage
110’ on Mineral Point Rd
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0708-233-0105-0 | Improvements Assessment | $339,600 |
| Land Assessment | $231,000 | Total Assessment | $570,600 |
Property Taxes
Parcel Number
0708-233-0105-0
Land Assessment
$231,000
Improvements Assessment
$339,600
Total Assessment
$570,600
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7530 Mineral Point Rd