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

    Silicon Prairie Pkwy & South Point Rd Verona, WI

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

    Land available for Class A office, industrial, or mixed-use development.

    Type:LAND
    Lot size:
    3.55 Acres
    Added:
    Mar 16, 2018
    Days on Market:
    2969
    Last Refresh:
    Apr 5 at 8:55 pm

    Property Features for Silicon Prairie Pkwy & South Point Rd

    General Information

    Standard status
    Active
    Lot size
    3.55 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Paul Molinaro

    Listing agent Paul Molinaro

    Listing office Welton Enterprises, Inc.

    Listing date Mar 16, 2018

    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 Welton Enterprises, Inc.

    Overview

    Prime Land for Development

    Located at the intersection of Mineral Point Road and South Point Road on the west side of Madison, this land offers options for new Class A office and industrial development and potential mixed-use projects. Existing developments in the area include Full Compass Systems, Extreme Engineering Solutions, Develop LLC, Coated Metals Group, the Academy for Little Learners, The Legacy Apartments, Two Points Crossing Apartments, CubeSmart Self Storage, and the Madison Aquatic Club.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5332
    Latitude
    42.9908

    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?
    Land - Land available for Class A office, industrial, or mixed-use development.
    Where is this land located?
    The property is located at Silicon Prairie Pkwy & South Point Rd Verona, WI.
    What are key features of this property?
    This property features: Location at the intersection of Mineral Point Road and South Point Road on the west side of Madison.; Options for new Class A office and industrial development.; Potential for mixed‑use projects.
    (608) 661-8803 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Molinaro
    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

    Silicon Prairie Pkwy & South Point Rd, 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!