Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    623 Evening Sun Way Verona, WI 53593

    View on Map
    Claim this Listing
    For Sale
    $178,000

    City - Verona, WI

    Lot size:
    0.38 Acres
    Added:
    May 12, 2025
    Days on Market:
    357
    Last Refresh:
    May 3 at 9:06 pm

    Property Features for 623 Evening Sun Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Exterior features
    Curb/gutter, Sidewalk
    Standard status
    Active
    APN
    0608-102-4656-2
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1211

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Aeryn Barry

    Listing agent Aeryn Barry

    Listing office Tim O'Brien Homes LLC 2601 Crossroads Dr Ste 140, Madison, WI

    Listing date May 12, 2025

    MLS# 1999561 Listing URL

    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.

    Overview

    Verona, WI Land Opportunity

    This 0.38-acre residential land is located in Verona, Wisconsin, within the Whispering Coves community. Whispering Coves is a 170-acre new home community that will feature 216 traditional single-family lots and over 43 acres of open space. Planned amenities include a natural conservancy, playgrounds, multi-use trails, linear parks, and pocket parks. The property is located near Country View Elementary school. The zoning is RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5756
    Latitude
    42.9844

    Nearby Similar for Sale

    • $879,000

      Riley Tavern: Turnkey Business Opportunity

      Established tavern with multiple income streams near Military Ridge bike trail.
      8205 Klevenville Riley Road, Verona, WI 53593
      View Details
    • $304,900

      Luxury Storage Condo For Sale

      Customizable storage condo with clubhouse access in Verona, WI.
      644 Liberty Drive, Verona, WI 53593
      View Details
    • $459,900

      Verona Homesite in Prairie Circle

      2.69-acre homesite in Verona's desirable Prairie Circle neighborhood.
      L11 Prairie Circle, Verona, WI 53593
      View Details
    • $1,775,000
      1,881 SF

      Verona Ranch with Endless Possibilities

      Remarkable 39-acre ranch near Mt. Horeb and Epic/Verona.
      2542 County Road P, Verona, WI 53593
      View Details
    • $300,000

      Residential Lot in Verona, WI

      Desirable 1.25 acre lot ready for dream home construction.
      Lot 3 Bellvine Court, Verona, WI 53593
      View Details
    • $1,650,000

      Verona Development Opportunity on 41 Acres

      Prime 41-acre development site in Verona, Wisconsin.
      6690 Grandview Road, Verona, WI 53593
      View Details
    • $244,900

      Luxury Storage Condo For Sale

      Premium storage condo designed for hobbyists and collectors.
      644 Liberty Drive, Verona, WI 53593
      View Details
    • $1,650,000

      Verona Development Opportunity on 41 Acres

      41 acres in Verona, WI, prime for development.
      6690 Grandview Road, Verona, WI 53593
      View Details
    • $385,000

      Wooded Lot in Verona, WI

      One-of-a-kind 1.5 acre wooded lot bordering Madison.
      Lot 1 Raymond, Verona, WI 53593
      View Details
    • $205,000

      Verona, WI Homesite Opportunity

      Homesite in Madison's Fox Knoll subdivision, Verona, WI.
      639 Rustic Rise Way, Verona, WI 53593
      View Details
    • $379,900

      Verona Homesite: Country Living, Convenient

      Spacious Verona homesite near trails, schools, and Epic Systems.
      Lot 36 Sugar River Vista, Verona, WI 53593
      View Details
    • $374,900

      Verona Homesite: Future Country Living

      Spacious Verona homesite near trails, schools, and modern conveniences.
      Lot 21 Sugar River Vista, Verona, WI 53593
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in Verona, Wisconsin.
    Where is this residential land & home lot located?
    The property is located at 623 Evening Sun Way Verona, WI.
    What is the asking price?
    The asking price for this property is $178,000.
    What are key features of this property?
    This property features: New home construction opportunity with Tim O'Brien Homes.; Located in Whispering Coves, a 170‑acre new home community.; Excellent location near Country View Elementary school.
    (608) 440-0933
    We can help!
    Listing Contact
    Aeryn Barry
    Real Estate License ID: 98442-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    623 Evening Sun Way, Verona, WI 53593

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!