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    Realty Executives Cooper Spransy

    5940 Seminole Centre Court, Suite 310, Madison, WI 53711
    (608) 661-7901
    Web Site
    Size: under 10 agents

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    For Sale (13)

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    Residential Land in Lodi, WI
    $365,000
    4.01 Acres

    Residential Land in Lodi, WI

    4-acre residential parcel near Lodi Marsh, ready for building.

    7791 Cty Rd Y Rd, Lodi, WI 53555
    View details
    Well-Maintained 11-Unit Apartment Building
    $1,445,000
    1.11 Acres

    Well-Maintained 11-Unit Apartment Building

    A 2-story, well-kept 11-unit complex with off-street parking and private entrances in Dodgeville’s central area.

    117-139 E North St, Dodgeville, WI 53533
    View details
    Modern Flex Industrial Building
    $1,299,000

    Modern Flex Industrial Building

    Versatile flex space with finished offices, overhead doors, and ample parking in a highly accessible Madison corridor.

    1225 Greenway Cross, Madison, WI 53713
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    Buildable Rural Lot with Stream
    $240,000
    6.32 Acres

    Buildable Rural Lot with Stream

    6.32-acre lot ready for your vision in Marshall, WI.

    2879 Oak Park Rd, Marshall, WI 53559
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    Storage/Workspace Condo Units
    $224,900

    Storage/Workspace Condo Units

    Secure, flexible flex/storage condos with insulated construction and motorized overhead doors for small businesses and hobbyists.

    7645 Grinde Rd, De Forest, WI 53532
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    Flex Storage Condo with Overhead Door
    $219,900

    Flex Storage Condo with Overhead Door

    Own a secure, adaptable storage or workspace condo with insulated walls and a motorized overhead door for year-round use.

    7645 Grinde Rd, De Forest, WI 53532
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    Storage-Workspace Condo Units
    $219,900

    Storage-Workspace Condo Units

    Own a secure flex condo with an oversized motorized overhead door and insulated walls, ideal for contractors and hobbyists.

    7645 Grinde Rd, De Forest, WI 53532
    View details
    Commercial Lot Near Main Street
    $279,900
    5.10 Acres

    Commercial Lot Near Main Street

    Prime commercial lot near Pardeeville's Main Street and Park Lake.

    3 Gillette St, Pardeeville, WI 53954
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    Park Lake Island Property
    $1,089,525
    4.49 Acres

    Park Lake Island Property

    Private island and adjoining lot on Park Lake.

    22 Carol Ct, Pardeeville, WI 53954
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    Flex/Industrial Condo with Office
    $214,900

    Flex/Industrial Condo with Office

    Versatile flex/industrial condo with established office and bathroom plus durable epoxy flooring for clean, immediate use.

    6580 Lake Rd, Windsor, WI 53598
    View details
    Residential Lot in Golf Community
    $200,000
    0.50 Acres

    Residential Lot in Golf Community

    Half-acre lot in Legend at Bergamont neighborhood with resort-style amenities.

    130 Jwana Cir, Oregon, WI 53575
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    Modern Strip Mall Development Opportunity
    $1,349,900

    Modern Strip Mall Development Opportunity

    Two new buildings offer leased income and flexible space for retail, office, or recreation users along a high-traffic highway.

    1144 County Road D, Nekoosa, WI 54457
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    Commercial Buildings Near Sand Valley
    Contact for pricing

    Commercial Buildings Near Sand Valley

    Two commercial buildings totaling 11,000 sqft near Sand Valley Golf.

    1144 County Road D, Nekoosa, WI 54457
    View details

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    Realty Executives Cooper Spransy
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Realty Executives Cooper Spransy
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