Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6629 University Ave Middleton, WI 53562

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Portfolio of six commercial condo units, fully leased.

    Property size:
    6,191 SF
    Lot size:
    0.60 Acres

    Property Features for 6629 University Ave

    General Information

    Size
    6,191 SF
    Lot size
    0.60 Acres

    We can help!

    Listing Contact
    Kent Yan
    Source: Moodyscre

    Listing Agent: Kent Yan

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

    Learn more

    Overview

    Commercial Condo Portfolio in Middleton

    A portfolio of six commercial condo units is available in Middleton. As of May 10, 2025, all units are currently leased, and the seller's numbers reflect a 7.9% cap rate. The tenant roster includes an insurance agency, massage therapist, barbershop, jeweler, and therapist. Lease lengths vary. The property has a size of 6191 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4954528
    Latitude
    43.0957858

    Nearby Similar for Sale

    • New
      $1,749,000
      0.12 Acres

      New Middleton Home with Apartment

      Corner lot home with apartment, sustainable features, and low maintenance.
      4029 Serenbe St, Middleton, WI 53562
      View Details
    • $1,099,000
      3,186 SF

      Historic Farmette with Income Potential

      Renovated 6.25-acre farmette near Middleton with multiple outbuildings.
      6988 Schneider Rd, Middleton, WI 53562
      View Details
    • $1,099,000
      6.25 Acres

      Historic Farmette with Rental Unit

      Renovated 6.25-acre Middleton farmette with rental and outbuildings.
      6988 Schneider Rd, Middleton, WI 53562
      View Details
    • New
      $1,799,000
      0.11 Acres

      Middleton Multifamily Property with Apartment

      New two-story multifamily property in Middleton with a separate apartment.
      4043 Serenbe St, Middleton, WI 53562
      View Details
    • $1,090,000
      819 SF

      Middleton Apartment/Condo Complex For Sale

      Six-unit apartment/condo complex near Parmenter St and Century Ave.
      7418 Century Ave, Middleton, WI 53562
      View Details
    • $2,950,000
      10,497 SF

      Retail Property Near US Hwy

      Retail property with high exposure and access to Middleton corridor.
      2259 Deming Way, Middleton, WI 53562
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Middleton Restaurant and Apartments

      Restaurant space with apartments in downtown Middleton.
      1920 Parmenter St, Middleton, WI 53562
      View Details
    • $1,500,000
      5,000 SF

      Downtown Middleton Freestanding Building

      5,000 SF building in the heart of downtown Middleton.
      7702-7704 Terrace Ave, Middleton, WI 53562
      View Details
    • $2,225,000
      16,295 SF

      Retail/Industrial Building on University Avenue

      Single-story retail/industrial building with high visibility and frontage.
      8311 University Ave, Middleton, WI 53562
      View Details
    • Contact for pricing
      67,500 SF

      Industrial Space in Middleton, WI

      67,500 SF industrial space with easy access to amenities.
      2335 Eagle Dr, Middleton, WI 53562
      View Details
    • $850,000
      6,191 SF

      Middleton Commercial Condo Portfolio

      Six Units, High ROI Potential
      6629 University Ave, Middleton, WI 53562
      View Details
    • $6,700,000
      39,972 SF

      Middleton, WI Industrial Net Lease

      Rare NNN Lease, Strong Tenant, High NOI
      8840 Greenview Dr, Middleton, WI 53562
      View Details

    FAQs

    What type of property is this?
    Retail space - Portfolio of six commercial condo units, fully leased.
    Where is this retail space located?
    The property is located at 6629 University Ave Middleton, WI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 7.9% Cap Rate (as of 5/10/25); - Portfolio of Six (6) Commercial Condo Units; - All Units Currently Leased
    (608) 698-6833
    Request Owner's contact information
    6629 University Ave Middleton, WI 53562
    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.
    6629 University Ave
    Middleton, WI 53562
    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
    6629 University Ave Middleton, WI 53562
    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

    We can help!
    Listing Contact
    Kent Yan
    Real Estate License ID: 52374-90
    (608) 698-6833
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.