Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1011-1057 N Edge Trl Verona, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Neighborhood center with retail and office suites for lease.

    Type:RETAIL
    Property size:
    1,350 SF
    Lot size:
    3.63 Acres
    Added:
    Feb 20, 2025
    Days on Market:
    440
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 1011-1057 N Edge Trl

    General Information

    Standard status
    Active
    Size
    1,350 SF
    Lot size
    3.63 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1011-1057 N Edge Trl Contact us

    We can help!

    Listing Contact
    Mallory Rekoske
    Mallory Rekoske

    Listing agent Mallory Rekoske

    Listing office Key Commercial Real Estate LLC

    Listing date Feb 20, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Key Commercial Real Estate LLC

    Overview

    Retail Space in Verona Center

    Prairie Oaks is a neighborhood center accommodating both office and retail tenants. The available suites provide a range of square footage options suitable for various users and budgets. Current tenants include professional office users, Milio’s, Papa Murphy’s, Crimson Pottery Studio, Martial Arts, and North Edge Nutrition. One available suite offers 1350 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5313
    Latitude
    43.0022

    Nearby Similar for Lease

    • $22 SF/Yr

      Verona Retail Space for Lease

      New retail spaces available in Verona, WI, with built-in customer base.
      503 West Verona Avenue, Verona, WI, 53593
      View Details
    • Sponsored
      Contact for pricing

      WI, Verona - Horizon Dr

      230 Horizon Dr, Unit 101B, Verona, WI 53593
      View Details
    • $25 SF/Yr

      Verona Retail Space For Lease

      Retail space available in Verona, Wisconsin shopping center.
      611 Hometown Circle, Verona, WI 53593
      View Details
    • Contact for pricing

      Verona Office Space For Lease

      Office suites available in Verona with building signage opportunity.
      600 W Verona Ave, Verona, WI 53593
      View Details
    • $22 SF/Yr

      Verona Retail Space Available

      Retail space with ample parking and high traffic counts.
      204 E. Verona Ave., Verona, WI 53593
      View Details
    • $9 SF/Yr

      Gymnastics Facility Available For Rent

      Move-in-ready gymnastics facility available March 1, 2026 in Verona, WI.
      310-330 Locust Dr, Verona, WI
      View Details
    • $9 SF/Yr

      Industrial Flex Space Available Now

      Energy-efficient industrial flex building with truck court and dock.
      1155 Ambition St, Verona, WI
      View Details
    • $18 SF/Yr

      Renovated Office Space Available

      Newly renovated office space with ample parking in growing area.
      133-135 Enterprise Dr, Verona, WI
      View Details
    • $22 SF/Yr

      Retail Space on Verona Avenue

      1,200 sq ft retail space with ample parking.
      200-208 E Verona Ave, Verona, WI
      View Details
    • $22 SF/Yr

      New Retail Space Available

      New retail development with up to 12,176 SF available.
      501 W Verona Ave, Verona, WI
      View Details
    • Contact for pricing

      New Urban Lifestyle Retail Center

      Modern retail spaces in Verona's affluent west side.
      841 W Verona Ave, Verona, WI
      View Details
    • Contact for pricing

      Office Space Near Highway 18/151

      Office space in growing community near Wisconsin Brewing Co.
      958 Liberty Dr, Verona, WI 53593
      View Details

    FAQs

    What type of property is this?
    Strip mall - Neighborhood center with retail and office suites for lease.
    Where is this strip mall located?
    The property is located at 1011-1057 N Edge Trl Verona, WI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Well‑positioned neighborhood center; Suites offer a wide range of square footage options; Ideal for a variety of users and budgets
    (608) 729-1800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mallory Rekoske
    Mallory Rekoske
    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
    1011-1057 N Edge Trl, Verona, WI
    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!