For Sale
Under Contract
$199,000
4732 Highway 78, Black Earth, WI 53515
Business/Comm, Black Earth, WI
Property Size1,000 SF
Lot Size3.54 Acres
Price / SF$199
Days on Market72
Property Features for 4732 Highway 78
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Lot features
Near Major Highway
Directions
Highway 14 west to Black Earth, left on Highway 78, property is on the left just outside of town
Subdivision
VERMONT - T
Standard status
Active Under Contract
APN
0706-022-9655-0
Size
1,000 SF
Lot size
3.54 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2869
Building Details
Number of units
1
Roof type
Composition
Listing Agency:
Homestead Realty
(414) 461-4040
Listed By:
Anna Wahlgren
(608) 698-7629
Added: Aug 7
Changed: Oct 16
Last Checked: Oct 17 at 10:06AM
MLS# 2012814
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,068
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,360
$161.4K
Cap Rate 7%
$115,257
$115.3K
Cap Rate 9%
$89,644
$89.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$15.4K $15.36/SF
− Vacancy
−$691 −$0.69/SF
EGI
$14.7K $14.67/SF
− OpEx
−$6.6K −$6.60/SF
NOI
$8.1K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,360
Cap Rate 7%
$115,257
Cap Rate 9%
$89,644
Alternative Uses
Best Use
Apartment 5plus
$115.3K
$100.9K – $134.5K
NOI $8,068 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.4K
$203.3K – $271.1K
NOI $16,267 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 53515, WI
2,496
Population
1,114
Households
2.2
Avg Household Size
45
Median Age
34%
College-Educated
98%
High-School Grad
39.2 sq mi
ZIP Area
64
Density / Sq Mi
$90,250
Median Household Income
$55,694
Median Earnings
$988
Median Rent
$336,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 4732 Highway 78 Black Earth, WI.
What is the asking price?
The asking price for this property is $199,000.
