Residential Income Property with Private
For Sale
$530,000
6795 Village Walk Lane, De Forest, WI 53532
Three-bedroom condo with flexible living areas, updated appliances, and a two-car attached garage.
Property Size2,379 SF
Price / SF$222.78
Days on Market195
Property Features for 6795 Village Walk Lane
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,786
Amenities
washer, dryer, chest freezer
refrigerator, stove, dishwasher, water softener
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Water softener included, Cable/Satellite Available, At Least 1 tub, Split bedrooms, Internet - Cable
Vinyl, Brick
Gas, 2 fireplaces
Private Entry, Deck/Balcony
Building Details
Year Built
2017
Listing Agency:
Restaino & Associates
(608) 347-9828
Listed By:
Heidi Kopras · License #71284-94
(608) 347-9828
Source:
Compass
Added: Feb 15
Changed: Aug 29
Last Checked: Aug 29 at 6:12PM
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 Restaino & Associates
Investment Insights
Based on property information with market context.
This 2,379-square-foot condominium, built in 2017, offers three bedrooms and three full bathrooms across a main level and finished lower floor. The primary suite includes dual sinks and a walk-in closet, while a separate office or bedroom, laundry area, and full bathroom add flexibility on the main floor. The lower level provides a great room, second fireplace, full bathroom, and private bedroom. Interior improvements include engineered wood flooring and stainless steel appliances from 2020, along with a gas range installed in 2025. Forced-air heating, central air, and a water softener are included.
The residence backs to a private conservancy and connects directly to walking paths. An elevated deck provides outdoor space, while the property also includes a private entry, two fireplaces, and a two-car attached garage. Exterior materials include vinyl and brick, and a nearby park is included in the surrounding setting.
The residence backs to a private conservancy and connects directly to walking paths. An elevated deck provides outdoor space, while the property also includes a private entry, two fireplaces, and a two-car attached garage. Exterior materials include vinyl and brick, and a nearby park is included in the surrounding setting.
Key Highlights
- 2,379‑square‑foot condominium with 3 bedrooms and 3 full bathrooms
- Finished lower level includes a great room, full bathroom, and private third bedroom
- Engineered wood floors and stainless steel appliances updated in 2020
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
$19,193
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
3.62%
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%
$383,860
$383.9K
Cap Rate 7%
$274,186
$274.2K
Cap Rate 9%
$213,256
$213.3K
Market Conditions
NOI Build-Up for 2,379 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
$36.5K $15.36/SF
− Vacancy
−$1.6K −$0.69/SF
EGI
$34.9K $14.67/SF
− OpEx
−$15.7K −$6.60/SF
NOI
$19.2K $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%
$383,860
Cap Rate 7%
$274,186
Cap Rate 9%
$213,256
Alternative Uses
Best Use
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.8K
$483.7K – $645.0K
NOI $38,698 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Three-bedroom condo with flexible living areas, updated appliances, and a two-car attached garage.
Where is this residential income property located?
The property is located at 6795 Village Walk Lane De Forest, WI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,379‑square‑foot condominium with 3 bedrooms and 3 full bathrooms; Finished lower level includes a great room, full bathroom, and private third bedroom; Engineered wood floors and stainless steel appliances updated in 2020
