Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    - Development Land Liberty Park Verona, WI 53593

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    - Development Land Liberty Park Verona, WI 53593

    View on Map
    • Retail properties & Spaces
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for - Development Land Liberty Park

    Property size
    1 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1-acre parcel, identified as Lot 3 (formerly Lot 11) within the Liberty Park development, presents a unique opportunity for commercial development. Zoned SC in Dane County, this single-tenant site offers unparalleled potential for a variety of retail uses. The property's strategic location between a hotel and the 958 Liberty Drive building ensures high visibility and accessibility, attracting significant foot traffic and customer engagement. The land is designated as commercial development land, providing flexibility for a range of retail projects. With a total building square footage currently listed as 1, this represents a blank canvas for a new construction project tailored to specific business needs. The 1-acre lot size allows for ample space for building construction, parking, and landscaping, maximizing the property's potential return on investment. The "SC" zoning designation should be verified with the relevant Dane County authorities to ensure compliance with all development regulations and permitted uses. This property is ideal for developers seeking a prime location to build a new retail establishment in a thriving area. Its strategic positioning and ample space make it an attractive investment opportunity with significant growth potential. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5331773
    Latitude
    42.990831

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      125 Rita Ave

      Retail properties & Spaces • 6,400 SF
      125 Rita Ave, Verona, WI 53593
      View Details
    • Value Estimation by Request
      15,343 SF

      501-509 Verona Ave

      Retail properties & Spaces • 15,343 SF
      501-509 Verona Ave, Verona, WI 53593
      View Details
    • Value Estimation by Request
      6,293 SF

      957 Liberty Dr

      Office properties & Spaces • 6,293 SF
      957 Liberty Dr, Verona, WI 53593
      View Details
    • Value Estimation by Request
      1.60 Acres

      Liberty Park

      Land • 1.60 Acres
      0 Liberty Park, Verona, WI 53593
      View Details
    • Value Estimation by Request
      27.72 Acres

      7222 Pine Row

      Farms • 27.72 Acres
      7222 Pine Row, Verona, WI 53593
      View Details
    • Value Estimation by Request
      9.00 Acres

      Spring Rose Rd

      Land • 9.00 Acres
      0 Spring Rose Rd, Verona, WI 53593
      View Details

    Similar Nearby for Sale

    • $4,450,000
      40.00 Acres

      Verona Land Investment Opportunity

      40 acres in Verona's southeast neighborhood plan transition area.
      6500 Shady Bend Rd, Verona, WI 53593
      View Details
    • Contact for pricing

      Land For Sale Verona

      Land available for sale in Verona, Wisconsin.
      Paoli St, Verona, WI 53593
      View Details
    • Contact for pricing

      Shovel-Ready Site Near Costco

      Development opportunity near future Costco with utilities to all lots.
      County Hwy Pb And Liberty Dr, Verona, WI 53593
      View Details
    • Contact for pricing

      Verona Land For Sale

      Commercial land available for sale in Verona, Wisconsin.
      1000 Batker Ct, Verona, WI 53593
      View Details
    • Contact for pricing

      Liberty Business Park Land Opportunity

      1.5 to 10.6-acre lots in a 130-acre business park.
      Liberty Park, Verona, WI 53593
      View Details
    • $1,650,000

      Verona Development Opportunity on 41 Acres

      41 acres in Verona, WI, prime for development.
      6690 Grandview Rd, Verona, WI 53593
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Verona Development Land For Rent

      Commercial development land available for rent in Verona, Wisconsin.
      - Development Land Liberty Park, Verona, WI 53593
      View Details
    • Contact for pricing
      1,723 SF

      Commercial Kitchen Space Available

      Commercial kitchen space for rent in Madison, Wisconsin.
      110 E Main St, Madison, WI 53593
      View Details
    • Contact for pricing

      Prime Acre Outlot for Lease

      Acre outlot for ground lease near West Towne Mall.
      7401 Mineral Point Rd, Madison, WI 53593
      View Details
    • Contact for pricing

      Retail/Office Space with Ample Parking

      White box space with high ceilings and signage opportunities.
      957 Liberty Dr, Verona, WI 53593
      View Details
    • Contact for pricing
      5,868 SF

      New Retail Space Available

      New retail development with up to 12,176 SF available.
      501 W Verona Ave, Verona, WI 53593
      View Details
    • $25 SF/Yr

      Verona Retail Space For Lease

      Retail space available in Verona, Wisconsin shopping center.
      611 Hometown Cir, Verona, WI 53593
      View Details
    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.
    - Development Land Liberty Park
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!