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    416 Commerce Dr Verona, WI 53719

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Verona Retail Space Available

    Lot size:
    16,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,240 square foot retail property, shadow-anchored by a Menards, presents a unique investment opportunity in Verona, Wisconsin. Currently, 6,301 square feet of space is immediately available for lease within this multi-tenant building located at 416 Commerce Drive, Madison, WI 53719. The building is classified as a Bay Auto Service Center Shadow, offering significant potential for businesses seeking high visibility and convenient access. The minimum leasable space is 6,301 square feet, providing ample room for a variety of automotive-related or complementary businesses. The property's strategic location in Dane County ensures high traffic volume and exposure to a substantial customer base. This is an ideal opportunity for businesses seeking a well-established location with strong anchor tenant support. The property boasts a prime location in a thriving commercial area, offering excellent visibility and accessibility. The available space is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a significant retail space in a high-demand location. The property's size and location make it an attractive option for businesses seeking expansion or a new location in a dynamic market.

    Property Features for 416 Commerce Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,240 SF
    Total Rate
    33833.33

    Unit(s) available at that property

    Space
    Available space
    Size
    6,301 SF
    Rate per SF
    $25

    HighLights

    • 16,240 SF Center
    • $25/SF NNN Lease Rate
    • Negotiable Lease Term
    • As‑Is Condition
    • $3.12/SF Real Estate Taxes
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5266501
    Latitude
    43.0597548

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    FAQs

    What type of property is this?
    Retail property - Prime Verona Retail Space Available
    Where is this retail property located?
    The property is located at 416 Commerce Dr Verona, WI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 16,240 SF Center; $25/SF NNN Lease Rate; Negotiable Lease Term
    Request Owner's contact information
    416 Commerce Dr Verona, WI 53719
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    Verona, WI 53719
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    Realmo Value Estimation

    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.

    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.

    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
    416 Commerce Dr Verona, WI 53719
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