Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    310 Locust Dr Verona, WI 53593

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Flex Space, 5,000-20,000 SF Available

    Lot size:
    20,000 SF

    Property Features for 310 Locust Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    14166.67

    Spaces For Lease

    at 310 Locust Dr, Verona, WI 53593 Contact us
    Unit Available Space

    $9 /Mo

    Size
    20,000 SF
    Contact us

    We can help!

    Listing Contact
    Bryant Meyer, Ccim
    Bryant Meyer, Ccim

    Listing Agency: Oakbrook Corporation Listing Agent: Bryant Meyer, Ccim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional new construction flex space in Verona, Wisconsin, offers 20,000 square feet of versatile industrial space, divisible to a minimum of 5,000 square feet. Located in Dane County and zoned SI - Suburban Industrial, the property is ideally suited for a variety of businesses. The building boasts modern amenities including a fully sprinklered system, energy-efficient LED lighting, and robust 3-phase electrical service. Heating is provided by a Modine system. Four 12' x 12' overhead doors provide convenient access, complemented by a shared exterior loading dock. The lease rate ranges from $8.50 to $9.00 per square foot, triple net (NNN), with a minimum lease term of three years. Tenants are responsible for utilities including gas, electricity, water, recycling/garbage disposal, phone/data services, and in-suite janitorial services. The estimated delivery date for this prime industrial space is September 1, 2024. This is a rare opportunity to secure brand new, high-quality flex space in a desirable location. Contact us today to learn more and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5343559
    Latitude
    42.9751827

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WI, Verona - Horizon Dr

      Discover many ways to work your way in Greenwich
      230 Horizon Dr, Verona, WI 53593
      View Details
    • $25 SF/Yr
      1,579 SF

      Verona Retail Space For Lease

      Retail space available in Verona, Wisconsin shopping center.
      611 Hometown Cir, Verona, WI 53593
      View Details
    • $22 SF/Yr
      1,200 SF

      Verona Retail Space Available

      Retail space with ample parking and high traffic counts.
      204 E Verona Ave, Verona, WI 53593
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Space on Verona Avenue

      1,200 sq ft retail space with ample parking.
      200-208 E Verona Ave, Verona, WI 53593
      View Details
    • Contact for pricing
      18,745 SF

      Renovated Office Space Available

      Newly renovated office space with ample parking in growing area.
      133-135 Enterprise Dr, Verona, WI 53593
      View Details
    • Contact for pricing
      2,100 SF

      New Urban Lifestyle Retail Center

      Modern retail spaces in Verona's affluent west side.
      841 W Verona Ave, Verona, WI 53593
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Verona Center

      Neighborhood center with retail and office suites for lease.
      1011-1057 N Edge Trl, Verona, WI 53593
      View Details
    • Contact for pricing
      967 SF

      Verona Office Space For Rent

      Office space available in gray box condition, ready for improvements.
      957 Liberty Dr, Verona, WI
      View Details
    • Contact for pricing

      Verona Office Space For Rent

      Office space available for rent with tenant improvement allowance.
      958 Liberty Dr, Verona, WI
      View Details
    • Contact for pricing
      3,000 SF

      Verona Retail/Flex Space Available

      New construction retail/flex space in Verona, near Madison.
      1200 John P Livesey Blvd, Verona, WI
      View Details
    • Contact for pricing
      7,770 SF

      Industrial Flex Space Available Now

      Energy-efficient industrial flex building with truck court and dock.
      1155 Ambition St, Verona, WI
      View Details
    • Contact for pricing
      7,150 SF

      Gymnastics Facility Available For Rent

      Move-in-ready gymnastics facility available March 1, 2026 in Verona, WI.
      310-330 Locust Dr, Verona, WI 53593
      View Details

    FAQs

    What type of property is this?
    Flex space - Modern Flex Space, 5,000-20,000 SF Available
    Where is this flex space located?
    The property is located at 310 Locust Dr Verona, WI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF industrial flex space available in Dane County.; 5,000 - 20,000 SF divisible units available.; New construction with estimated delivery September 1, 2024.
    (608) 238-2600 Call to check price and availability
    Request Owner's contact information
    310 Locust Dr Verona, WI 53593
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 Locust Dr
    Verona, WI 53593
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    310 Locust Dr Verona, WI 53593
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryant Meyer, Ccim
    Bryant Meyer, Ccim
    Real Estate License ID: 833565
    (608) 238-2600 (608) 633-2242 (608) 443-1004
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!