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

    611 Hometown Cir Verona, WI 53593

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($3,289 /Mo)

    Retail space available in Verona, Wisconsin shopping center.

    Property size:
    1,579 SF
    Lot size:
    1,579 SF

    Property Features for 611 Hometown Cir

    General Information

    Size
    1,579 SF

    We can help!

    Listing Contact
    Chris Etmanczyk
    Source: Lee-associates

    Listing Agent: Chris Etmanczyk

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

    Learn more

    Overview

    Verona Retail Space For Lease

    Located along East Verona Avenue in Verona, Wisconsin, this retail space is situated in a shopping center anchored by Farm & Fleet and Festival Foods. The last remaining space available measures 1,579 square feet. The parking ratio is 7 spaces per 1,000 square feet. Current tenants in the center include US Cellular, Noodles & Co., Domino’s Pizza, and La Penca Mexican Restaurant. Area tenants include Arby’s and Jimmy John’s. The lease rate is $25.00 per square foot (NNN).
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5217276
    Latitude
    42.9939136

    Nearby Similar for Lease

    • $17 SF/Yr
      6,293 SF

      Liberty Drive Executive Suites

      Dane County Office Space - Move-In Ready
      957 Liberty Dr, Verona, WI 53593
      View Details
    • $9 SF/Yr
      58,800 SF

      Verona Industrial Flex Space

      Modern warehouse space, flexible lease options.
      1155 Ambition St, Verona, WI 53593
      View Details
    • $12 SF/Yr
      3,000 SF

      Verona Retail/Flex Space Available

      New construction retail/flex space in Verona, near Madison.
      1200 John P Livesey Blvd, Verona, WI
      View Details
    • $18 SF/Yr
      15,343 SF

      Sugar Creek Commons Retail Space

      Verona, WI retail space available.
      501-509 Verona Ave, Verona, WI 53593
      View Details
    • $25 SF/Yr
      16,240 SF

      Verona Auto Center - Shadow Anchored

      Prime Verona Retail Space Available
      416 Commerce Dr, Verona, WI 53719
      View Details
    • $216 SF/Yr
      8,784 SF

      Prime Office & Retail Space Available

      Modern building, flexible layouts, ideal location
      0 Laser St, Verona, WI 53593
      View Details
    • $25 SF/Yr
      1,579 SF

      Verona Retail Space Available

      1,579 SF Retail Space, Verona, WI
      611 Hometown Cir, Verona, WI 53593
      View Details
    • $20 SF/Yr
      2,100 SF

      New Urban Lifestyle Retail Center

      Modern retail spaces in Verona's affluent west side.
      841 W Verona Ave, Verona, WI 53593
      View Details
    • $8 SF/Yr
      20,000 SF

      Verona Flex Space: New Construction

      Modern Flex Space, 5,000-20,000 SF Available
      310 Locust Dr, Verona, WI 53593
      View Details
    • $14 SF/Yr
      1,350 SF

      Retail Space in Verona Center

      Neighborhood center with retail and office suites for lease.
      1011-1057 N Edge Trl, Verona, WI 53593
      View Details
    • $9 SF/Yr
      7,770 SF

      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

      Verona Office Space For Rent

      Office space available for rent with tenant improvement allowance.
      958 Liberty Dr, Verona, WI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Verona, Wisconsin shopping center.
    Where is this shopping center located?
    The property is located at 611 Hometown Cir Verona, WI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by Farm & Fleet and Festival Foods, ensuring high traffic.; - High parking ratio of 7/1,000.; - Located on East Verona Avenue, a prime retail corridor.
    (608) 212-3033
    Request Owner's contact information
    611 Hometown Cir Verona, WI 53593
    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.
    611 Hometown Cir
    Verona, WI 53593
    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
    611 Hometown Cir Verona, WI 53593
    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
    Chris Etmanczyk
    (608) 212-3033
    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.