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    2991 County Road Mm Fitchburg, WI 53711

    • Commercial real estate
    • 32.79 lot acres
    For Sale
    View listing
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1036350
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2991 County Road Mm

    Lot size
    32.79 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 32.79-acre parcel at 2991 County Road MM, Fitchburg, Wisconsin, presents a unique investment opportunity. Unprecedented access and visibility are key features of this property, which hasn't been on the market for over four decades. Strategically located one mile south of the Beltline, the land boasts daily traffic counts of 27,200 vehicles on US Highway 14 and 3,900 vehicles on County Highway MM, ensuring high exposure for any development. Enjoy breathtaking views of the Madison skyline. The property is part of a three-parcel land assemblage situated between County Highway MM and US Highway 14, and benefits from Tax Increment Financing (TIF) assistance. Currently zoned PDD-GIP, the site is eligible for streamlined Smart Code Zoning, offering flexibility for a variety of development options. The City of Fitchburg actively encourages development on these parcels. Permitted uses include multi-family residential, mixed-use commercial development, retail, grocery stores, and corporate campuses. This is a rare chance to acquire a significant land holding in a thriving area with strong infrastructure and exceptional growth potential. The asking price is $7,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    DANE
    State
    Wisconsin
    Longitude
    -89.37788
    Latitude
    43.01807

    Comparable in this City

    • $599,900
      1.36 Acres

      Fitchburg Commercial Land - $599,900

      1.36 Acres, Prime Fitchburg Location
      5335 Nobel Dr, Fitchburg, WI 53711
      View Details
    • Contact for pricing
      17,881 SF

      Fitchburg Commercial Office Space

      Prime Fitchburg Office, 1558 sq ft, Available Now
      2960 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • New
      $112,900
      0.12 Acres

      Residential Lot in Fitchburg Community

      Residential lot in planned community with amenities and convenient location.
      4793 Brassica Rd, Madison, WI 53711
      View Details
    • New
      $1,625,000
      1,500 SF

      Fitchburg Townhouse-Style Apartment Building

      Newer four-unit apartment building in Fitchburg's Terravessa neighborhood.
      4856-4862 Romaine Rd, Madison, WI 53711
      View Details
    • $112,900
      0.07 Acres

      Residential Land in Fitchburg, WI

      Residential land available for building a dream home.
      4790 Lacy Rd, Madison, WI 53711
      View Details
    • New
      $158,900
      0.17 Acres

      Residential Lot in Fitchburg Community

      Residential lot in Fitchburg with mature trees and community amenities.
      2936 Parsnip Dr, Fitchburg, WI 53711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,881 SF

      Fitchburg Commercial Office Space

      Prime Fitchburg Office, 1558 sq ft, Available Now
      2960 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • $599,900
      1.36 Acres

      Fitchburg Commercial Land - $599,900

      1.36 Acres, Prime Fitchburg Location
      5335 Nobel Dr, Fitchburg, WI 53711
      View Details
    • New
      $112,900
      0.12 Acres

      Residential Lot in Fitchburg Community

      Residential lot in planned community with amenities and convenient location.
      4793 Brassica Rd, Madison, WI 53711
      View Details
    • New
      $1,625,000
      1,500 SF

      Fitchburg Townhouse-Style Apartment Building

      Newer four-unit apartment building in Fitchburg's Terravessa neighborhood.
      4856-4862 Romaine Rd, Madison, WI 53711
      View Details
    • $499,000
      0.23 Acres

      Madison Two-Family Investment Opportunity

      Two-unit property with finished basements and separate utilities.
      6414 Raymond Rd, Madison, WI 53711
      View Details
    • $715,000
      0.27 Acres

      Madison Duplex with Garages

      Desirable location, townhouse-style units, 3 bedrooms, 2-car garages.
      2309/2311 Mckenna Blvd, Madison, WI 53711
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      39,941 SF

      Madison Office Space for Lease

      Prime Madison Office: Flexible Suites Available
      700 Ray O Vac Dr, Madison, WI 53711
      View Details
    • $18 SF/Yr
      65,000 SF

      Madison Retail Space - University Ave

      Prime Madison location, 3,750 sq ft available.
      5001 University Ave, Madison, WI 53711
      View Details
    • $16 SF/Yr
      4,038 SF

      Madison Retail/Restaurant Opportunity

      Prime Madison location, 4,038 SF available.
      5630 Schroeder Rd, Madison, WI 53711
      View Details
    • $15 SF/Yr
      2,266 SF

      Madison Office Space For Rent

      Office space for rent on Madison's westside with Beltline access.
      25 Kessel Ct, Madison, WI 53711
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    • $17 SF/Yr
      3,082 SF

      Madison Medical Office Space for Lease

      Prime Medical Office, 2,145 SF Available
      2984 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • $14 SF/Yr
      1,962 SF

      Fitchburg Office Space Available

      Prime Fitchburg location, flexible office suites.
      2976 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
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    2991 County Road Mm
    Fitchburg, WI 53711
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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.

    More about this property
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