Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Middleton Homesite in The Willows Title is generated by Realmo AI

    9924 Shining Willow Street, Middleton, WI 53562

    View on Map
    Claim this Listing
    For Sale
    $199,900

    City - Middleton, WI

    Lot size:
    0.23 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    339
    Last Refresh:
    May 23 at 10:06 am

    Property Features for 9924 Shining Willow Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Exterior features
    Curb/gutter, Sidewalk
    Standard status
    Active
    APN
    0708-212-1410-6
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3057

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Rainiero

    Listing agent Kelly Rainiero

    Listing office Mode Realty Network 2901 W Beltline HWY, Madison, WI

    Listing date Jun 19, 2025

    MLS# 1902241 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity to build a custom home with Midwest Homes, a builder with a long‑standing reputation (since 1969).
    • Located in The Willows neighborhood on Madison's West Side.
    • Zoned for Middleton Schools.
    • Energy Star‑rated and Green‑Built home for energy and upfront savings.
    • High‑end finishes and generous allowances for personalized selections with an in‑house designer.
    • Limited number of homes built annually, ensuring high craftsmanship and attention to detail.

    Overview

    This homesite is located in The Willows neighborhood on Madison's West Side, within the Middleton school district. Midwest Homes, a builder of custom homes since 1969, offers the opportunity to build on this site. The property allows for energy and upfront savings with an Energy Star-rated, Green-Built, value-engineered home. High-end finishes and allowances for selections are available, with an in-house designer to assist. The builder maintains high standards for craftsmanship and attention to detail by building a limited number of homes each year. The lot size is 0.23 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5375
    Latitude
    43.1161

    Nearby Similar for Sale

    • $899,000

      Middleton Duplex with Finished Basements

      Well-maintained duplex in prime Middleton location, ideal for investors.
      1214-1216 N High Point Road, Middleton, WI 53562
      View Details
    • $349,900

      Ready-to-Build Lot in Middleton

      Residential lot in desirable location near schools, dining, and parks.
      10013 Shadow Ridge Trail, Middleton, WI 53562
      View Details
    • $370,000
      4,100 SF

      Middleton Lot with Geothermal Credit

      Residential lot in Middleton, WI with geothermal credit.
      7525 California Love Trail, Middleton, WI 53562
      View Details
    • $240,000
      3,800 SF

      Residential Lot in Middleton, WI

      Residential lot with geothermal credit in Middleton, Wisconsin.
      4063 Serenbe Street, Middleton, WI 53562
      View Details
    • $1,799,000

      New Multifamily Home in Middleton

      Move-in ready home with multi-generational living and low maintenance.
      4043 Serenbe Street, Middleton, WI 53562
      View Details
    • $1,699,000

      New Middleton Home with Apartment

      New two-story home with separate apartment for flexible living.
      4029 Serenbe Street, Middleton, WI 53562
      View Details
    • $180,000
      1,700 SF

      Middleton Land Lot with Credit

      Residential land lot with geothermal credit in Middleton, Wisconsin.
      4028 Serenbe Street, Middleton, WI 53562
      View Details
    • $159,000

      Middleton Homesite in Middleton School

      Rare homesite in Middleton School District on Madison's west side.
      9433 Cobalt Street, Middleton, WI 53562
      View Details
    • $370,000

      Middleton Lot with Geothermal Credit

      Residential lot in Middleton with geothermal credit opportunity.
      7521 California Love Trail, Middleton, WI 53562
      View Details
    • $229,500
      1,600 SF

      Middleton Lot with Geothermal Credit

      Residential lot in Middleton, WI with geothermal credit offered.
      7539 Another Way, Middleton, WI 53562
      View Details
    • $370,000

      Middleton Land Lot For Sale

      Land lot in Middleton, WI with geothermal credit.
      7533 California Love Trail, Middleton, WI 53562
      View Details
    • $799,000
      6,191 SF

      Commercial Condo Portfolio in Middleton

      Portfolio of six commercial condo units, fully leased.
      6629 University Ave, Middleton, WI
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in The Willows neighborhood, Madison's West Side.
    Where is this residential land & home lot located?
    The property is located at 9924 Shining Willow Street Middleton, WI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Opportunity to build a custom home with Midwest Homes, a builder with a long‑standing reputation (since 1969).; Located in The Willows neighborhood on Madison's West Side.; Zoned for Middleton Schools.
    (920) 210-4595
    We can help!
    Listing Contact
    Kelly Rainiero
    Real Estate License ID: 11035594
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9924 Shining Willow Street, Middleton, WI 53562
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!