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    310 Locust Dr Verona, WI 53593

    • Commercial real estate
    • 2.91 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $2,120,000
    Last Sale
    Mar 24, 2021
    $1,700,000
    Location Intelligence
    Property ID
    US92-1107238
    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 310 Locust Dr

    Lot size
    2.91 lot acres
    Property type
    Commercial real estate
    APN
    0608-223-9865-2
    APU
    60822398652

    Description

    This exceptional 19,950-square-foot industrial warehouse in Verona, Wisconsin, offers 7,125 square feet of immediately available space. Located at 310 Locust Drive, this single-story building sits on a 2.9-acre lot and features a 16-20 foot ceiling height, perfect for various industrial uses. The property boasts one loading dock and five drive-in doors, ensuring efficient loading and unloading. The building is equipped with modern amenities including a fully sprinklered system, LED lighting, three-phase electrical service, and Modine heating. Four 12' x 12' overhead doors provide ample access. This suburban industrial zoned property benefits from its convenient location approximately 10 miles southwest of Madison, Wisconsin, with easy access to US Route 18-151. The estimated delivery date for the available space is September 1, 2024. Tenants are responsible for gas, electric, water, recycling/garbage, phone/data, and in-suite janitorial services. The lease rate ranges from $8.50 to $9.00 per square foot, NNN. Dane County location provides access to a strong regional workforce and transportation infrastructure.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,820,000
      6.5%
      $1,590,000
      7%
      $1,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,700,000
      Geo Method
      $2,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,525,000
      Retail
      $1,750,000
      Mixed-Use
      $1,715,000
      Hospitality
      $1,920,000
      Educational
      $1,615,000
      Residential Income
      $1,715,000
      Energy
      $1,560,000
      Income-Based Land
      $1,495,000
      Food Service
      $1,580,000

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5346
    Latitude
    42.9753
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $31,378
    $568,800
    $1,155,300
    $1,724,100
    -
    $0.00
    $0.00
    $1,927,000

    Comparable in this City

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    310 Locust Dr
    Verona, WI 53593
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    Realmo Value Estimation

    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.

    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.

    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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