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    744 Heartland Trl Madison, WI 53717

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    Two-story Class A/B office building with expansion potential.

    Property size:
    82,017 SF
    Lot size:
    7.20 Acres

    Property Features for 744 Heartland Trl

    General Information

    Standard status
    Active
    Zoning
    Suburban Employment Center
    Size
    82,017 SF
    Lot size
    7.20 Acres

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    Listing Contact
    Teri Bell
    Source: Crexi

    Listing Agency: Kothe Real Estate Partners Listing Agent: Teri Bell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Two-Story Office Building on 7.2 Acres

    This two-story Class A/B office building is situated on 7.2 acres in Old Sauk Trails Park, offering frontage and visibility on Deming Way and Heartland Trail. The property is suitable for both owner-occupants and investors. It features recent interior updates, including carpet installed in 2014 and most restrooms updated in 2020. The building offers expansion potential on its 7.2-acre site. Parking is provided by 322 stalls, a ratio of 3.93 per 1,000 square feet, with the parking area resurfaced in 2014. A 1000 kV full-building backup generator is included. The property is zoned Suburban Employment Center and has undergone recent mechanical, interior, and exterior upgrades. Redundant fiber with CAT 6 cabling is available. Ceiling heights range from 12 to 14 feet to the deck. The building offers convenient access to hotels, dining, shopping, and fitness centers. The roof is a TPO flat rubber membrane installed in 2014. Electrical service is provided by a 2500 amp 480v 3-phase system. HVAC is managed by forced-air VAV rooftop units, with controls updated in 2022, RTU 1 replaced in 2023, and RTUs 3 and 4 replaced in 2014. One water heater was replaced in 2023. Redundant fiber options are available from TDS & Charter, with CAT 6 cabling. Fire protection is provided by a wet sprinkler system with a flow of 272.4. The property includes one 8’x8’ overhead door. Ceiling heights range from 8 to 9 feet to the ceiling grid. Three boilers were installed in 2014, and exterior lighting was upgraded to LED in 2017. The building size offers up to 82,017 square feet of available space and is located minutes from Hwy 12/18.
    Location Intelligence

    Current Use by Public Records

    Sarah McDaniels, PhD Physician Paige Mission, PhD Physician Nancy A. Viscovich, PhD Physician Diana Van De ... Physician Lindsay Riesch, PhD Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5326703
    Latitude
    43.0775763

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    FAQs

    What type of property is this?
    Office building - Two-story Class A/B office building with expansion potential.
    Where is this office building located?
    The property is located at 744 Heartland Trl Madison, WI.
    What are key features of this property?
    This property features: - Full-building backup generator (1000 kV); - Expansion potential on a large 7.2-acre site; - Ample parking with 322 stalls (3.93 per 1,000 SF)
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    744 Heartland Trl Madison, WI 53717
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