Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1713 Freeport Rd Madison, WI 53711

    • Parking lots & garages
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0607304
    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

    • Parking lots & garages

    Property Details for 1713 Freeport Rd

    Lot size
    1.72 lot acres
    Zone code
    IL
    Property type
    Parking lots & garages
    APN
    0709-323-0402-8
    APU
    70932304028

    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
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4599
    Latitude
    43.0346
    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
    $8,293
    $446,500
    $36,400
    $482,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      2542 Commonwealth Ave

      PARKING LOT • 0.11 Acres
      2542 Commonwealth Ave, Madison, WI 53711
      View Details
    • Value Estimation by Request
      0.17 Acres

      1701 Monroe St

      PARKING LOT • 0.17 Acres
      1701 Monroe St, Madison, WI 53711-2022
      View Details
    • Value Estimation by Request
      1.05 Acres

      621 Science Dr

      PARKING LOT • 1.05 Acres
      621 Science Dr, Madison, WI 53711-1074
      View Details
    • Value Estimation by Request
      0.17 Acres

      2717 Monroe St

      PARKING LOT • 0.17 Acres
      2717 Monroe St, Madison, WI 53711-1803
      View Details
    • Value Estimation by Request
      0.11 Acres

      4306 Lumley Rd

      PARKING LOT • 0.11 Acres
      4306 Lumley Rd, Madison, WI 53711
      View Details
    • Value Estimation by Request
      0.13 Acres

      1445 Mound St

      PARKING LOT • 0.13 Acres
      1445 Mound St, Madison, WI 53711-2221
      View Details

    Similar Nearby for Sale

    • $2,500,000
      14,300 SF

      Fitchburg Restaurant - Turnkey Opportunity

      Prime Fitchburg location, fully equipped, 14,300 sq ft.
      2949 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • $7,000,000
      32.79 Acres

      Fitchburg Commercial Land - 33 Acres

      Prime Fitchburg location, 33 acres, Madison skyline views.
      2991 County Road Mm, Fitchburg, WI 53711
      View Details
    • $112,900
      0.12 Acres

      Residential Lot in Fitchburg Community

      Residential lot in planned community with amenities and convenient location.
      4793 Brassica Rd, Fitchburg, WI 53711
      View Details
    • $126,400
      0.09 Acres

      Residential Land in Swan Creek

      Approved residential community in Fitchburg, close to Madison and Epic.
      5221 Sassafras Dr, Fitchburg, WI 53711
      View Details
    • $112,400
      0.09 Acres

      Residential Land in Swan Creek

      Residential community with 57 home sites in established neighborhood.
      5240 E Cheryl Pkwy, Fitchburg, WI 53711
      View Details
    • $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, Fitchburg, WI 53711
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $10 SF/Yr
      55,000 SF

      Madison Retail Center - Prime Location

      High-traffic retail space available.
      5704 Raymond Rd, Madison, WI 53711
      View Details
    • Contact for pricing
      5,306 SF

      Verona Road Office Space Available

      Prime Madison location, 5,306 sq ft office.
      4702 Verona Rd, Madison, WI 53711
      View Details
    • $15 SF/Yr
      1,743 SF

      Retail/Office Space on N Whitney

      Retail or office space with high traffic and parking.
      601 N Whitney Way, Madison, WI 53711
      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.
    1713 Freeport Rd
    Madison, WI 53711
    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.