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

    50.8 Acres Highway 69 Belleville, WI 53508

    View on Map
    For Sale
    $649,000

    Rural - Belleville, WI

    Lot size:
    50.80 Acres
    Added:
    Dec 26, 2024
    Days on Market:
    461
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 50.8 Acres Highway 69

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Mixed
    Vegetation
    Wooded
    Exterior features
    Wooded, None
    Standard status
    Active
    APN
    Multiple
    Lot size
    50.80 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Derek Kavanaugh

    Listing agent Derek Kavanaugh

    Listing office Wisconsin Special Properties 631 W Water St, Princeton, WI

    Listing date Dec 26, 2024

    MLS# 1990969 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

    50+ Acres Tillable Land

    This property features over 50 acres of mostly tillable land, situated between Verona and Belleville. The location is adjacent to the Dane County Sugar River Wildlife Area, the Badger State Trail, and the Ice Age Trail. According to Dane County regulations, no Single-Family Residential (SFR) buildings are permitted. The zoning is mixed, including FP (likely Farmland Preservation) and HAM-RES (likely Hamlet Residence).
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Belleville
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5622
    Latitude
    42.8678

    Nearby Similar for Sale

    • $795,000

      Waterfront Tavern in Growing Belleville

      Turnkey bar and restaurant with updated living quarters.
      127 W Main Street, Belleville, WI 53508
      View Details
    • $725,000

      Belleville Duplex on Large Lot

      Spacious country duplex on nearly 2 acres near Badger Trail.
      N9560 - N9562 County Road CC, Belleville, WI 53508
      View Details
    • $459,000

      Belleville Commercial Land For Sale

      Prime commercial land in Bell West Business Park, Belleville, WI.
      Lot 31 Bellwest Boulevard, Belleville, WI 53508
      View Details
    • $249,900

      Land Parcel in Montrose

      Two-acre homesite near Paoli, Verona, Belleville, and Madison.
      Lot 3 Rosevale Drive, Belleville, WI 53508
      View Details
    • $574,000

      Commercial Land in Belleville, WI

      Prime commercial land suitable for retail or fast food development.
      Lot 5 James Street, Belleville, WI 53508
      View Details
    • $229,900

      Belleville, WI Land Parcel

      Land parcel in Belleville, WI, ideal for building a home.
      Lot 1 Rosevale Drive, Belleville, WI 53508
      View Details
    • $89,900

      Belleville, WI Residential Lot

      Residential lot in established neighborhood, bring your builder!
      O S Park Street, Belleville, WI 53508-9011
      View Details
    • $265,000

      Belleville Land Development Opportunity

      Land for 14-unit townhomes in growing Belleville, Wisconsin.
      21 Karl Avenue, Belleville, WI 53508
      View Details
    • $795,000
      3,461 SF

      Waterfront Bar & Restaurant Opportunity

      Turnkey bar and restaurant with living quarters in Belleville, WI.
      127 W Main St, Belleville, WI 53508
      View Details
    • $189,000

      Belleville, WI Acreage Parcel

      1.93 acre parcel near Belleville, Verona, and Madison.
      Lot 1 1.93 Acres Fahey Road, Belleville, WI 53508
      View Details
    • $16,500,000
      43 SF

      Piggly Wiggly Portfolio For Sale

      Essential business investment opportunity: Piggly Wiggly portfolio in Wisconsin.
      1019 River St. | Belleville, WI 53508, WI 53508
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      N9673 County Hwy CC, Belleville, WI 53508
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Tillable land near wildlife area, trails, between Verona and Belleville.
    Where is this agricultural land / farmland located?
    The property is located at 50.8 Acres Highway 69 Belleville, WI.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Over 50 acres of mostly tillable land.; Adjacent to Dane County Sugar River Wildlife Area.; Adjacent to the Badger State Trail.
    (920) 299-1091
    We can help!
    Listing Contact
    Derek Kavanaugh
    Real Estate License ID: 5895890
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!