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    Madison Retail Anchor Space Available Title is generated by Realmo AI

    NWC of Beltline Hwy & Mineral Point Road, Madison, WI 53717

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    Premier shopping center with anchor and outlot spaces for lease.

    Type:Retail
    Property size:
    35,345 SF
    Added:
    Nov 22, 2025
    Days on Market:
    183
    Last Refresh:
    Apr 5 at 8:35 pm

    Property Features for NWC of Beltline Hwy & Mineral Point Road

    General Information

    Standard status
    Active
    Size
    35,345 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Peter Glaser
    Peter Glaser

    Listing agent Peter Glaser License #WI50121-94

    Listing office CBRE, Inc.

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE, Inc.

    HighLights

    • Premier community shopping center location serving the west side of Madison.
    • Anchored by Metro Market (Kroger), Old Navy, and Party City.
    • Shadow‑anchored by a Target store.
    • Excellent access and visibility from major roadways (Highway 12/14, Junction Road, Mineral Point Road).
    • Located in an area with high‑income residential and a strong suburban office population.
    • Available anchor space of 35,345 SF (former Bed, Bath, & Beyond) and outlot space of 12,000 SF (divisible).

    Overview

    Prairie Towne Center is a community shopping center serving the west side of Madison, featuring 164,365 square feet of retail space. Anchor tenants include Metro Market (Kroger), Old Navy, and Party City. The property is shadow-anchored by a 125,635 square foot Target store. Available spaces include a 35,345 square foot anchor space with a 160-foot width, formerly occupied by Bed, Bath, & Beyond, and a 12,000 square foot divisible outlot space. The center is located at the northwest corner of Beltline Highway and Mineral Point Road, offering excellent access to major roadways. It is bordered by Highway 12/14 to the east, with a traffic volume of 65,400 vehicles per day (VPD), Junction Road to the west (17,550 VPD), and Mineral Point Road to the south (28,650 VPD). The location provides high visibility and accessibility from all major roadways, benefiting from its position amidst higher-income residential areas and a strong suburban office daytime population.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Sauk Point Square — 701 -749 N High Point Rd, Madison, WI 53717

    Map

    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5084
    Latitude
    43.0741

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    FAQs

    What type of property is this?
    Shopping center - Premier shopping center with anchor and outlot spaces for lease.
    Where is this shopping center located?
    The property is located at NWC of Beltline Hwy & Mineral Point Road Madison, WI.
    What are key features of this property?
    This property features: Premier community shopping center location serving the west side of Madison.; Anchored by **Metro Market (Kroger), Old Navy, and Party City.**; Shadow‑anchored by a Target store.
    (414) 273-0880
    We can help!
    Listing Contact
    Peter Glaser
    Peter Glaser
    Real Estate License ID: WI50121-94
    Learn More
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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.

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