Updated Residential Income
For Sale
$385,000
7555 Widgeon Way, Madison, WI 53717
Ranch-style condo with refreshed interiors, vaulted ceilings, patios, and community amenities.
Property Size1,452 SF
Price / SF$265.15
Days on Market114
Property Features for 7555 Widgeon Way
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Condo / Ranch-1 Story
Zoning
PD
Taxes and HOA fees
Annual Taxes
$5,645
Amenities
Seller’s Personal Property
Disposal, Washer/Dryer
Forced air, Central air
Walk-in closet(s), Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, Cable/Satellite Available, At Least 1 tub
Wood, Stone
Gas, 1 fireplace
Private Entry, Patio
Building Details
Year Built
1987
Listing Agency:
MHB Real Estate
(608) 709-9001
Listed By:
Chris Barreau · License #77983-94
(608) 709-9001
Source:
Compass
Added: May 11
Changed: Aug 30
Last Checked: Aug 30 at 8:05AM
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 MHB Real Estate
Investment Insights
Based on property information with market context.
This 1,452-square-foot ranch condo in Madison’s Sauk Creek area combines an open main level with recent interior updates. The residence includes new flooring, fresh paint, a remodeled kitchen, refreshed bathrooms, vaulted ceilings, a skylight, and a fireplace. The first-floor primary suite features a private full bath, walk-in closet, and backyard views, while the second bedroom connects to the sunroom and a second patio. Two newly landscaped patios extend the living space outdoors.
The unfinished lower level is stubbed for a bathroom and provides additional space for future buildout. Community amenities include an outdoor pool, community room, and snow removal service to the door. The property also offers access to the bus line, nearby walking trails, and local eateries. Additional features include forced-air heating, central air, a disposal, washer and dryer, and an included water softener.
The unfinished lower level is stubbed for a bathroom and provides additional space for future buildout. Community amenities include an outdoor pool, community room, and snow removal service to the door. The property also offers access to the bus line, nearby walking trails, and local eateries. Additional features include forced-air heating, central air, a disposal, washer and dryer, and an included water softener.
Key Highlights
- 1,452‑square‑foot ranch condo in Sauk Creek
- Updated flooring, fresh paint, remodeled kitchen, and refreshed bathrooms
- First‑floor primary suite with private full bath and walk‑in closet
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
$17,811
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
4.63%
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%
$356,220
$356.2K
Cap Rate 7%
$254,443
$254.4K
Cap Rate 9%
$197,900
$197.9K
Market Conditions
NOI Build-Up for 1,452 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
$33.8K $23.28/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$32.4K $22.30/SF
− OpEx
−$14.6K −$10.04/SF
NOI
$17.8K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /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%
$356,220
Cap Rate 7%
$254,443
Cap Rate 9%
$197,900
Alternative Uses
Best Use
Apartment 5plus
$254.4K
$222.6K – $296.9K
NOI $17,811 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.1K
$371.1K – $494.8K
NOI $29,690 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 53717, WI
12,798
Population
6,404
Households
2
Avg Household Size
40
Median Age
66%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,555
Density / Sq Mi
$96,245
Median Household Income
$56,313
Median Earnings
$1,385
Median Rent
$404,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch-style condo with refreshed interiors, vaulted ceilings, patios, and community amenities.
Where is this residential income property located?
The property is located at 7555 Widgeon Way Madison, WI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,452‑square‑foot ranch condo in Sauk Creek; Updated flooring, fresh paint, remodeled kitchen, and refreshed bathrooms; First‑floor primary suite with private full bath and walk‑in closet
