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922 S Park St 4,850 SF Flex Building Madison, WI 53715 $1,075,543 ($221.76/SF) 7% Cap Rate
Investment Highlights
- Prime downtown Madison location with convenient access to major arteries.
- Modern tech upgrades, security systems, and HVAC sterilization features in place.
- Significant recent capital improvements ensure long-term operational reliability.
- Combination of finished office space and functional warehouse with high ceilings.
- On-site apartment with outdoor patio maximizes flexibility for occupancy needs.
Executive Summary
Free standing building NNN leased to NASDAQ listed DocGo Inc., DBA Ryan Brothers Ambulance, through 7/31/29 with 2 (1) year options and 3.5% annual increases. 1st floor is 4,850sf with ~2,400sf of nicely finished office space with a mix of open space, offices, and a restroom, and ~2,400sf of clean heated/cooled warehouse space with 15' ceilings, 3 overhead doors, floor drains, water spigots, washer/dryer, and a toilet. 2nd floor has a 1,200sf space with 3 beds, 1 bath, kitchen, lounge/living room area, and a large patio. This could be it's own apartment. Basement has finished office and storage space. Recent updates include a new furnace in 2025, new roof in 2024, ozone sterilization in each HVAC system, cameras (interior and exterior), and remote smart capabilities. This building must be purchased with 915 Haywood Dr located directly behind the building. There are 8 of these buildings in 3 counties for sale.
Property Facts
| Price | $1,075,543 | Lot Size | 0.15 AC |
| Price Per SF | $221.76 | Rentable Building Area | 4,850 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 7% | Year Built | 1948 |
| Property Type | Flex | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Zoning | TSS - Traditional Shopping Street | ||
| Price | $1,075,543 |
| Price Per SF | $221.76 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 4,850 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | TSS - Traditional Shopping Street |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0709-262-1718-8 | Improvements Assessment | $450,100 |
| Land Assessment | $90,000 | Total Assessment | $540,100 |
Property Taxes
Parcel Number
0709-262-1718-8
Land Assessment
$90,000
Improvements Assessment
$450,100
Total Assessment
$540,100
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