Building Details

Year Built 2025

Listing Agency: Great Rock Realty LLC

Listed By: Keith Schulz · License #WI 57256-90 Show Phone

Source: Soldinmadison

Added: Sep 15 Changed: Nov 4 Last Checked: Oct 7 at 3:35PM

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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 Great Rock Realty LLC

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,250-square-foot warehouse condo offers a 25’ x 50’ nominal layout within a 2025-built project. The unit includes an individual furnace, 125-amp electrical panel, separate utility metering, and bathroom rough-ins. Interior options include mezzanines, lifts, epoxy flooring, and other owner-selected improvements.

Owners have access to a finished private clubhouse at 644 Liberty Dr in Verona, Wisconsin. The shared facility includes two bathrooms, a kitchen and bar area, conference table, lounge seating, and recreation space. Additional unit configurations are available in 25’ x 40’, 50’ x 40’, and 50’ x 50’ sizes, providing alternatives for storage, workshop, collector, and recreational-use needs.

Key Highlights

• 1,250‑square‑foot warehouse condo
• 25’ x 50’ nominal unit dimensions
• 2025‑built property with individual furnace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,902

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,040 $298.0K

Cap Rate 7%

$212,886 $212.9K

Cap Rate 9%

$165,578 $165.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$18.0K $14.40/SF

− Vacancy

−$468 −$0.37/SF

EGI

$17.5K $14.03/SF

− OpEx

−$2.6K −$2.10/SF

NOI

$14.9K $11.92/SF

Area

Dane County, WI

Vacancy

2.60%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,040

Cap Rate 7%

$212,886

Cap Rate 9%

$165,578

Alternative Uses

Best Use

Warehouse

$212.9K

$186.3K – $248.4K (±1% cap)

NOI $14,902 @ 7.0% cap · market cap 4.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$290.5K

$254.2K – $338.9K (±1% cap)

NOI $20,333 @ 7.0% cap · market cap 6.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Dental Office Building Supply Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Flex Space with Private Clubhouse

111-644 Liberty Dr, Verona, WI 53593

$244,900

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First-Floor 2-Bedroom Apartment

847 Walnut St, Verona, WI 53590

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Turnkey Tavern and Event Venue

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Two-Unit Side-by-Side Duplex

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Frequently Asked Questions

What type of property is this?

Warehouse - Customizable warehouse condo with private clubhouse, individual heating, and bathroom rough-ins.

Where is this warehouse located?

The property is located at 644 Liberty Dr Unit 200 Verona, WI.

What is the asking price?

The asking price for this property is $304,900.

What are key features of this property?

This property features: 1,250‑square‑foot warehouse condo; 25’ x 50’ nominal unit dimensions; 2025‑built property with individual furnace