Medical Office Space with Corporate
For Sale
Contact for pricing
Pending
203 W Verona Ave, Verona, WI 53593
4,400 SF veterinary facility leased to an established national operator with a corporate guarantee.
Property Size4,400 SF
Days on Market191
Property Features for 203 W Verona Ave
General Information
Standard status
Pending
Size
4,400 SF
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
1985
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #02101543
(949) 942-6585
Source:
Crexi
Added: Apr 9
Changed: Oct 16
Last Checked: Oct 16 at 8:00AM
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 ParaSell Inc
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Investment Insights
Based on property information with market context.
This 4,400 SF medical office property was built in 1985 and is occupied by VetCor under a corporately guaranteed lease. The facility serves as a veterinary services location at 203 W Verona Avenue in Verona, Wisconsin.
The property is positioned 2 miles from Epic Systems, a regional employer with more than 13,000 employees and approximately $5 billion in annual revenue. VetCor operates more than 900 hospitals across the United States, providing national operating scale behind the current tenancy.
The property is positioned 2 miles from Epic Systems, a regional employer with more than 13,000 employees and approximately $5 billion in annual revenue. VetCor operates more than 900 hospitals across the United States, providing national operating scale behind the current tenancy.
Key Highlights
- 4,400 SF medical office property
- Built in 1985
- Corporately guaranteed lease by VetCor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,873
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
$1.2M
Cap Rate 7%
$869,614
$869.6K
Cap Rate 9%
$676,367
$676.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$96.6K $21.96/SF
− Vacancy
−$15.5K −$3.51/SF
EGI
$81.2K $18.45/SF
− OpEx
−$20.3K −$4.61/SF
NOI
$60.9K $13.83/SF
Area
Dane County, WI
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
Cap Rate 7%
$869,614
Cap Rate 9%
$676,367
Alternative Uses
Best Use
Office B
$869.6K
$760.9K – $1.01M
NOI $60,873 @ 7.0% cap · market cap 7.64%
Second Best
Healthcare Medical
$748.6K
$655.1K – $873.4K
NOI $52,405 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.02M
$894.7K – $1.19M
NOI $71,573 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53593, WI
28,232
Population
12,583
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
99%
High-School Grad
76.2 sq mi
ZIP Area
370
Density / Sq Mi
$135,699
Median Household Income
$74,356
Median Earnings
$1,530
Median Rent
$464,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Verona Boarding Services Inc — 655 Half Mile Rd, Verona, WI 53593
- Verona Veterinary Medical Service, S.C. — 655 Half Mile Rd, Verona, WI 53593
- Animal Hospital of Verona — 203 W Verona Ave, Verona, WI 53593
Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,400 SF veterinary facility leased to an established national operator with a corporate guarantee.
Where is this medical office space located?
The property is located at 203 W Verona Ave Verona, WI.
What is the asking price?
The asking price for this property is $796,822.
What are key features of this property?
This property features: 4,400 SF medical office property; Built in 1985; Corporately guaranteed lease by VetCor
