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

    221 Horizon Dr Verona, WI 53593

    • Commercial real estate
    • 1.43 lot acres
    For Sale
    View listing
    $625,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1711792
    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 221 Horizon Dr

    Lot size
    1.43 lot acres
    Property type
    Commercial real estate
    APN
    0608-151-7216-6
    APU
    60815172166

    Description

    This exceptional 1.43-acre lot, located at 221 Horizon Drive in Verona, Wisconsin (APN 0608-151-7216-6), presents a unique investment opportunity. Situated within the Verona Commercial Park, this is the last remaining vacant lot, offering significant potential for development. The property is zoned SBI, allowing for a variety of permitted uses including office space, indoor storage, wholesaling, light industrial operations, public storage facilities, and utilities. Furthermore, it also accommodates passive or active outdoor public recreation. The flexible zoning also opens doors to conditional use permits for a wider range of businesses, such as group daycare centers, personal storage facilities, and distribution centers. This prime location in Dane County, Wisconsin, offers easy access to major transportation routes and a thriving local economy, making it an ideal site for a diverse range of commercial ventures. The asking price for this exceptional property is $625,000. Don't miss this chance to secure the last available lot in this highly sought-after commercial park. Contact us today to learn more about this exciting opportunity.

    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
    Verona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5255
    Latitude
    42.9959
    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
    $8,634
    $472,900
    $0.00
    $472,900
    -
    $0.00
    $0.00
    $528,600

    Comparable in this City

    • 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
      3.20 Acres

      417 Church Ave

      COMMERCIAL (GENERAL) • 3.20 Acres
      417 Church Ave, Verona, WI 53593-1565
      View Details
    • Value Estimation by Request
      0.98 Acres

      414 Church Ave

      COMMERCIAL (GENERAL) • 0.98 Acres
      414 Church Ave, Verona, WI 53593-1801
      View Details
    • Value Estimation by Request
      0.01 Acres

      105 Verona Ave, Unit 105B

      COMMERCIAL CONDOMINUIM • 0.01 Acres
      105 Verona Ave, Verona, WI 53593-1218
      View Details
    • Value Estimation by Request
      1.10 Acres

      Verona, WI 53593

      COMMERCIAL (GENERAL) • 1.10 Acres
      Verona, WI 53593
      View Details
    • Value Estimation by Request
      1.30 Acres

      1060 American Way

      COMMERCIAL (GENERAL) • 1.30 Acres
      1060 American Way, Verona, WI 53593-9402
      View Details

    Similar Nearby for Sale

    • $1,940,400
      27.72 Acres

      Verona Commercial Land - 27.72 Acres

      High-visibility Verona land, ideal for development.
      7222 Pine Row, Verona, WI 53593
      View Details
    • $1,650,000

      Verona Commercial Land: 5.9 Acres

      Prime Dane County commercial lot, ideal for development.
      3730 Manistee Way, Verona, WI 53593
      View Details
    • Contact for pricing
      1.37 Acres

      Verona Costco Outlots: Prime Land

      High-demand commercial land near Costco.
      1000 Batker Ct, Verona, WI 53593
      View Details
    • Contact for pricing
      1.60 Acres

      Liberty Park Commercial Land

      Verona, WI development opportunity.
      0 Liberty Park, Verona, WI 53593
      View Details
    • $699,000
      2.28 Acres

      Middleton Commercial Land Opportunity

      2.28 Acres, Prime Location, High Visibility
      0 Mineral Point Rd, Middleton, WI 53593
      View Details
    • $1,475,000
      9,000 SF

      Verona Industrial Building - Hwy 151

      9,000 SF Steel Building, High Visibility
      465 Investment Ct, Verona, WI 53593
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      58,800 SF

      Verona Industrial Flex Space

      Modern warehouse space, flexible lease options.
      1155 Ambition St, Verona, WI 53593
      View Details
    • $17 SF/Yr
      6,293 SF

      Liberty Drive Executive Suites

      Dane County Office Space - Move-In Ready
      957 Liberty Dr, Verona, WI 53593
      View Details
    • $18 SF/Yr
      18,745 SF

      Renovated Office Space Available

      Newly renovated office space with ample parking in growing area.
      133-135 Enterprise Dr, Verona, WI 53593
      View Details
    • $9 SF/Yr
      7,150 SF

      Gymnastics Facility Available For Rent

      Move-in-ready gymnastics facility available March 1, 2026 in Verona, WI.
      310-330 Locust Dr, Verona, WI 53593
      View Details
    • $14 SF/Yr
      1,350 SF

      Retail Space in Verona Center

      Neighborhood center with retail and office suites for lease.
      1011-1057 N Edge Trl, Verona, WI 53593
      View Details
    • $8 SF/Yr
      20,000 SF

      Verona Flex Space: New Construction

      Modern Flex Space, 5,000-20,000 SF Available
      310 Locust Dr, 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.
    221 Horizon Dr
    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.