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

    6242 University Ave Middleton, WI 53562

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.995 acre development site in desirable Middleton location.

    Lot size:
    1.00 Acres

    Property Features for 6242 University Ave

    General Information

    Lot size
    1.00 Acres

    We can help!

    Listing Contact
    Dan Roseliep
    Dan Roseliep
    Source: Moodyscre

    Listing Agency: Altus Commercial Real Estate - Madison Listing Agent: Dan Roseliep

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

    Learn more

    Property Insight Report

    Overview

    Middleton Infill Development Site

    This 0.995-acre infill development site features 230 feet of frontage along University Avenue. The site is located in Middleton, a highly desirable location with low vacancy rates. It is situated on the bus line and has potential for approximately 50 units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4883273
    Latitude
    43.0920372

    Nearby Similar for Sale

    • New
      $960,000
      0.38 Acres

      Middleton Duplex with Finished Basements

      Well-maintained duplex in prime Middleton location with strong rental demand.
      1214-1216 N High Point Rd, Middleton, WI 53562
      View Details
    • New
      $1,799,000
      0.11 Acres

      New Middleton Multifamily Property

      Two-story multifamily property with modern design and flexible living spaces.
      4043 Serenbe St, Middleton, WI 53562
      View Details
    • New
      $1,749,000
      0.12 Acres

      New Two-Story Home with Apartment

      New construction home with apartment, solar, and geothermal systems.
      4029 Serenbe St, Middleton, WI 53562
      View Details
    • $95,000

      Middleton Office Unit For Sale

      Office unit available for purchase in Middleton, Wisconsin.
      7402 Century Ave, Middleton, WI 53562
      View Details
    • $799,000
      6,191 SF

      Commercial Condo Portfolio in Middleton

      Portfolio of six commercial condo units, fully leased.
      6629 University Ave, Middleton, WI 53562
      View Details
    • Contact for pricing
      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
    • $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
    • $850,000
      6,191 SF

      Middleton Retail Portfolio: 5 Units

      High-yield retail investment; 6,191 SF.
      6629 University 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
    • $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
    • 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

    FAQs

    What type of property is this?
    Land - 0.995 acre development site in desirable Middleton location.
    Where is this land located?
    The property is located at 6242 University Ave Middleton, WI.
    What are key features of this property?
    This property features: - Highly Desirable Middleton Location; - **0.995 Acre Infill Development Site**; - 230 feet along University Avenue
    (608) 669-4646 Call to check price and availability
    Request Owner's contact information
    6242 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.
    6242 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
    6242 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Roseliep
    Dan Roseliep
    (608) 669-4646 (608) 338-1101 (608) 234-4482
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!