6629 University Ave, Middleton, WI
Portfolio of six commercial condo units, fully leased.
- Added:
- May 10, 2025
- Days on Market:
- 399
- Last Refresh:
- May 20 at 8:57 pm
Property Features for 6629 University Ave
General Information
- Standard status
- Active
- Size
- 6,191 SF
- Lot size
- 0.60 Acres
- Property subtype
- RETAIL
Listing agent Kent Yan License #52374090 (608) 698-6833
Listing office Plato Commercial Real Estate, LLC (608) 698-6833
Listing date May 10, 2025
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 Plato Commercial Real Estate, LLC
HighLights
- 7.9% Cap Rate (as of 5/10/25)
- Portfolio of Six (6) Commercial Condo Units
- All Units Currently Leased
- Diverse Tenant Roster including insurance, massage, barbershop, jeweler, and therapist
- Located in Middleton
- Commercial Condo Units
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $15.00 |
| − Vacancy | −$8.1k | −$1.31 |
| EGI | $84.8k | $13.70 |
| − OpEx | −$25.4k | −$4.11 |
| NOI | $59.4k | $9.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Middleton
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.4955
- Latitude
- 43.0958
