Property profile

310 Locust Dr Verona, WI 53593

OFF-MARKET
Commercial real estate
Property ID
US92-1107238
2.91 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.91 ac (126,934 SF)
APN 0608-223-9865-2
UPID US92-1107238

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

310 Locust Dr Verona, WI 53593-2215
Verona metro Census 13700 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.17M

Owner & transaction history

since 2021
Last sale
$1.7M
6 recorded transactions
2024
Price N/A
2021
$1.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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