Building Details

Number of units 1

Roof type Composition

Listing Agency: Howard and Williams, INC. Show Phone

Listed By: Mark Williams · License #5415190 Show Phone

Added: May 20 Changed: Aug 31 Last Checked: Oct 6 at 8:06PM

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MLS# 2023737

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,942

Cap Rate

3.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,840 $338.8K

Cap Rate 7%

$242,029 $242.0K

Cap Rate 9%

$188,244 $188.2K

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$32.3K $15.36/SF

− Vacancy

−$1.5K −$0.69/SF

EGI

$30.8K $14.67/SF

− OpEx

−$13.9K −$6.60/SF

NOI

$16.9K $8.07/SF

Area

Dane County, WI

Vacancy

4.50%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,840

Cap Rate 7%

$242,029

Cap Rate 9%

$188,244

Alternative Uses

Best Use

Apartment 5plus

$242.0K

$211.8K – $282.4K (±1% cap)

NOI $16,942 @ 7.0% cap · market cap 3.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$488.0K

$427.0K – $569.3K (±1% cap)

NOI $34,160 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office (Bike/Boat/Book/etc) Store Bakery Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

536

Businesses Nearby

Explore this area Business Placement

Demographics for 53593, WI

28,232

Population

12,583

Households

2.2

Avg Household Size

37

Median Age

68%

College-Educated

99%

High-School Grad

76.2 sq mi

ZIP Area

370

Density / Sq Mi

$135,699

Median Household Income

$74,356

Median Earnings

$1,530

Median Rent

$464,700

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this commercial land located?

The property is located at 100 Valley View Street Verona, WI.

What is the asking price?

The asking price for this property is $449,900.