416 Commerce Dr Verona, WI 53719
- Retail space
- 16,080 SF
- 1.49 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Car Battery Store / Car Repair And Maintenance Service
Property Details for 416 Commerce Dr
- Year built
- 1994
- Lot size
- 1.49 lot acres
- Property size
- 16,080 SF
- Zone code
- CC
- Property type
- Retail space
- APN
- 0708-271-0104-2
- APU
- 70827101042
Description
This exceptional 16,240 square foot retail property, shadow-anchored by a Menards, presents a unique investment opportunity in Verona, Wisconsin. Currently, 6,301 square feet of space is immediately available for lease within this multi-tenant building located at 416 Commerce Drive, Madison, WI 53719. The building is classified as a Bay Auto Service Center Shadow, offering significant potential for businesses seeking high visibility and convenient access. The minimum leasable space is 6,301 square feet, providing ample room for a variety of automotive-related or complementary businesses. The property's strategic location in Dane County ensures high traffic volume and exposure to a substantial customer base. This is an ideal opportunity for businesses seeking a well-established location with strong anchor tenant support. The property boasts a prime location in a thriving commercial area, offering excellent visibility and accessibility. The available space is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a significant retail space in a high-demand location. The property's size and location make it an attractive option for businesses seeking expansion or a new location in a dynamic market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,410,000
- 6.5%
- $3,330,000
- 7%
- $3,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,600,000
- Geo Method
- $3,900,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,805,000
- Retail
- $2,945,000
- Mixed-Use
- $3,600,000
- Hospitality
- $3,855,000
- Educational
- $3,605,000
- Residential Income
- $3,460,000
- Energy
- $3,025,000
- Income-Based Land
- $3,645,000
- Food Service
- $3,720,000
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.5265
- Latitude
- 43.0598
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA
