Presented by...
Liz Leonard
Mobile: (608) 577-7526
Work: (608) 441-7777
[email protected]

4906 Femrite Drive,  Madison,  WI  53716 $979,000 Active
4906 Femrite Drive,  Madison,  WI  53716
$979,000
Active
More Photos
 Property Type Business/Commercial
 Parcel # 0710-223-0524-9
 County Dane
 Sub Area E12
 Municipality Madison
 MLS# 1965502
 Listing Date 10/11/2023

MLS Public Remarks  Rare opportunity to acquire a 9,084 SF office/warehouse building ideal for multi-tenant or owner occupant near Hwy 51 and the Beltline. The majority of original structure was razed in 2015 and a complete renovation of the building was done including ground up new construction of the office space and the addition of 2 warehouse bays. The building is currently 100% occupied with staggered lease expirations to provide flexibility for owner occupant to expand over time or continue to offset costs with rental income.
Documents and Related Links  
1) 4906 Femrite Dr
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  From Dutch Mill Rd, Head E. Towards Femrite Dr.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $8
  • Total Units/Bldg  4
  • Building Gross SqFt  9,084
  • Net Leasable SqFt  9,084
  • Year Built  1983
  • Source for Year Built  Slr
  • Approx Bldg Dimen  60x190
  • Street Frontage  134
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  1
  • Ceiling Height Min  14
  • Ceiling Height Max  14
  • Number of Loading Docks  0
  • Zoning  IL
  • Est. Total Acres  0.87
  • Source Of Est Acres  LAgnt
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $185,000
  • Assessment Year  2023
  • Net Taxes  $14,380
  • Tax Year  2022
  • Improvements  $545,000
  • Total Assessment  $730,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross 3/31/2024 0 $12,144 $8 $0 1,470
    2 Modified G 12/14/2025 0 $17,100 $8 $0 2,016
    3 Gross 10/31/2024 0 $66,000 $12 $0 5,598
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air, Radiant
  • Water/Waste  Municipal water
  • Basement  
  • Fuel  N/A
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office, Warehouse
  • Exterior Treatment  Brick, Vinyl
  • Building Parking  11-20 spaces
  • Roofing  N/A
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing
  • Tenant Pays  N/A
  • Present Use  Office, Warehouse
  • Licenses  
  • Lease Type  Gross, Other
  • Occupied by  
  • Sale Includes  N/A
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Key Commercial Real Estate, Llc