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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4898 Innovation Dr DeForest, WI 53532

    • Commercial real estate
    • 8,000 SF
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0387540
    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 4898 Innovation Dr

    Property size
    8,000 SF
    Property type
    Commercial real estate

    Description

    The Edge at Conservancy, located at 4898 Innovation Dr, DeForest, WI 53532, presents a unique opportunity within a thriving mixed-use community. This Class A, 8,000 square foot building offers flexible space ideal for a variety of businesses. The entire 8,000 square feet is currently vacant and available for lease, with a minimum divisible space of 1,000 square feet. The property is situated in Dane County, providing convenient access to a large and growing population. Its prime location near ABS Global Headquarters and directly across from the DeForest Athletic Complex, a venue hosting numerous annual events, ensures high visibility and foot traffic. The building's mixed-use nature fosters a vibrant live-work-play environment, attracting both residents and visitors. This makes it an excellent location for businesses such as coffee shops, small fitness centers, or service-oriented businesses like insurance agencies or financial advisory firms. The property's design and location offer a convenient retail opportunity within the Conservancy Place development, catering to the thousands of residents in the immediate vicinity. This exceptional space is ready for immediate occupancy.

    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
    DeForest
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.361236
    Latitude
    43.221875

    Comparable in this City

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      50,000 SF

      DeForest Retail Space For Lease

      Prime Main Street retail space available.
      617 Main St, DeForest, WI 53532
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    • $12 SF/Yr
      4,858 SF

      Retail Spaces in Plaza Shopping

      Retail spaces available in a busy DeForest shopping center.
      605-619 S Main St, De Forest, WI 53532
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    • $7 SF/Yr
      18,500 SF

      DeForest Warehouse Space Available

      18,500 Sq Ft warehouse space available for lease.
      5969 Haase Rd, De Forest, WI 53532
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    • Contact for pricing
      500,000 SF

      Madison Logistics Park: Build-to-Suit Options

      Class A Industrial Space; Flexible Sizes Available
      4420 Daentl Rd, DeForest, WI 53532
      View Details
    • Contact for pricing
      138,012 SF

      Madison Logistics Park: Class A Industrial Space

      Modern Manufacturing/Warehouse; 138,012 SF Available
      4410 Daentl Rd, DeForest, WI 53532
      View Details
    • Contact for pricing
      182,000 SF

      DeForest Industrial Space Available

      Class A Warehouse, Distribution Space in Dane County
      0 Cake Pkwy, DeForest, WI 53532
      View Details

    Similar Nearby for Sale

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    • $215,900

      Deforest Commercial Storage/Workspace Condos For Sale

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      Residential lot with community park and natural surroundings.
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,858 SF

      Retail Spaces in Plaza Shopping

      Retail spaces available in a busy DeForest shopping center.
      605-619 S Main St, De Forest, WI 53532
      View Details
    • $10 SF/Yr
      50,000 SF

      DeForest Retail Space For Lease

      Prime Main Street retail space available.
      617 Main St, DeForest, WI 53532
      View Details
    • $7 SF/Yr
      18,500 SF

      DeForest Warehouse Space Available

      18,500 Sq Ft warehouse space available for lease.
      5969 Haase Rd, De Forest, WI 53532
      View Details
    • $5 SF/Yr
      91,828 SF

      DeForest Industrial Space Available

      Industrial space available in DeForest, WI. Join established companies.
      4355 Duraform Ln, De Forest, WI 53532
      View Details
    • Contact for pricing
      500,000 SF

      Madison Logistics Park: Build-to-Suit Options

      Class A Industrial Space; Flexible Sizes Available
      4420 Daentl Rd, DeForest, WI 53532
      View Details
    • Contact for pricing
      138,012 SF

      Madison Logistics Park: Class A Industrial Space

      Modern Manufacturing/Warehouse; 138,012 SF Available
      4410 Daentl Rd, DeForest, WI 53532
      View Details
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    4898 Innovation Dr
    DeForest, WI 53532
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    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
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