Residential Income Property with Wet
For Sale
$534,900
Pending
6785 Village Walk Lane, De Forest, WI 53532
Ranch-style condominium with flexible living areas, fireplaces, and direct access to Upper Yahara River trails.
Property Size2,228 SF
Days on Market281
Property Features for 6785 Village Walk Lane
General Information
Standard status
Pending
Size
2,228 SF
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,087
Amenities
gas fireplace
wet bar
built-ins
deck
vaulted ceilings
main floor laundry
mirror in LL bathroom & Seller's personal property
range/oven, refrigerator, dishwasher, LL beverage refrigerator, washer, dryer, all window coverings, water softener
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Washer, Dryer, Water softener included, Wet bar, At Least 1 tub, Split bedrooms, Internet -Fiber Available
Vinyl, Brick
Gas, 2 fireplaces
Deck/Balcony, Unit Adj to Park/PubLand
Building Details
Year Built
2015
Listing Agency:
EXIT Professional Real Estate
(608) 558-4896
Listed By:
Brent Quade · License #87958-94
(608) 558-4896
Source:
Compass
Added: Nov 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:09PM
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 EXIT Professional Real Estate
Investment Insights
Based on property information with market context.
Built in 2015, this 2,228-square-foot ranch-style condominium offers three bedrooms and three full bathrooms across an efficient two-level layout. The main floor includes a primary suite, additional bedroom or office, laundry, kitchen, and open living and dining spaces with vaulted ceilings and a gas fireplace. A deck extends the main living area toward surrounding green space.
The lower level adds a great room with built-in storage, wet bar, and second gas fireplace, along with a third bedroom and full bathroom. Interior features include wood or simulated wood flooring, a walk-in closet, central air, forced-air heating, fiber internet availability, and a water softener. The property is zoned Res and includes a private-drive setting with direct backyard access to Upper Yahara River trails.
The lower level adds a great room with built-in storage, wet bar, and second gas fireplace, along with a third bedroom and full bathroom. Interior features include wood or simulated wood flooring, a walk-in closet, central air, forced-air heating, fiber internet availability, and a water softener. The property is zoned Res and includes a private-drive setting with direct backyard access to Upper Yahara River trails.
Key Highlights
- 2,228‑square‑foot ranch‑style condominium with 3 bedrooms and 3 full bathrooms
- Main‑floor primary suite plus an additional bedroom or office
- Lower‑level great room with wet bar, built‑ins, and gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,500
$359.5K
Cap Rate 7%
$256,786
$256.8K
Cap Rate 9%
$199,722
$199.7K
Market Conditions
NOI Build-Up for 2,228 SF
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.
Gross rent
$34.2K $15.36/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$32.7K $14.67/SF
− OpEx
−$14.7K −$6.60/SF
NOI
$18.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,500
Cap Rate 7%
$256,786
Cap Rate 9%
$199,722
Alternative Uses
Best Use
Apartment 5plus
$256.8K
$224.7K – $299.6K
NOI $17,975 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.7K
$453.0K – $604.0K
NOI $36,242 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 53532, WI
15,962
Population
6,375
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
54.2 sq mi
ZIP Area
295
Density / Sq Mi
$110,050
Median Household Income
$56,970
Median Earnings
$1,381
Median Rent
$355,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch-style condominium with flexible living areas, fireplaces, and direct access to Upper Yahara River trails.
Where is this residential income property located?
The property is located at 6785 Village Walk Lane De Forest, WI.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: 2,228‑square‑foot ranch‑style condominium with 3 bedrooms and 3 full bathrooms; Main‑floor primary suite plus an additional bedroom or office; Lower‑level great room with wet bar, built‑ins, and gas fireplace
