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    4974 Innovation Dr De Forest, WI 53532
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    4974 Innovation Dr De Forest, WI 53532

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    • Commercial land
    For Sale
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    140-Acre Business Park Near Madison For Sale
    Contact for pricing
    140.00 Acres

    140-Acre Business Park Near Madison

    Business park with highway visibility and convenient interstate access.

    De Forest, WI 53532
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    Property ID
    US92-1489468
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 4974 Innovation Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Innovation Springs is a 140-acre business park situated in one of the state’s fastest growing areas, near Madison, WI and the Dane County Regional Airport. The business park is located in Conservancy Place, an environmentally-friendly, master planned community in DeForest, WI with outstanding highway visibility and convenient access to the interstate. The remaining lots available in phase of of Innovation Springs are 1, 2, 8, 9 & 10. The land is priced at $6.25/SF. Excellent visibility to the I 90-94-39 highway and approximately 70,000 vehicles per day. These lots are fully developed with utilities to the lot lines. Approval time through the developer and Village approval process is approximately 120 days.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    De Forest
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3619039
    Latitude
    43.2218499

    Comparable in this City

    • Contact for pricing

      Land Available for Retail/Commercial Use

      Land suitable for retail and commercial development.
      51 And Hwy 19, De Forest, WI 53532
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      Land Available for Retail

      Commercial land available for retail or commercial development.
      Bear Tree Pkwy, De Forest, WI 53532
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      Land Near Hooper Corporation Headquarters

      Commercial land with infrastructure near I-39/90/94 and airport.
      Pederson Crossing Blvd, De Forest, WI 53532
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      Land Available Near Interstate

      Commercial land with flexible lot sizes and included infrastructure.
      Pederson Crossing Blvd, De Forest, WI 53532
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    • $2,100,000
      37.66 Acres

      DeForest Development Opportunity Available

      37.66 acres of land for development in DeForest, Wisconsin.
      37.66 Acres Gray Rd & Low Countries Rd, De Forest, WI 53532
      View Details
    • Contact for pricing
      51,600 SF

      Modern Office Headquarters Building

      51,600 SF office building built in 2021.
      4617 Liuna Way, De Forest, WI 53532
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available for Retail/Commercial Use

      Land suitable for retail and commercial development.
      51 And Hwy 19, De Forest, WI 53532
      View Details
    • Contact for pricing

      Land Available for Retail

      Commercial land available for retail or commercial development.
      Bear Tree Pkwy, De Forest, WI 53532
      View Details
    • Contact for pricing

      Land Near Hooper Corporation Headquarters

      Commercial land with infrastructure near I-39/90/94 and airport.
      Pederson Crossing Blvd, De Forest, WI 53532
      View Details
    • Contact for pricing

      Land Available Near Interstate

      Commercial land with flexible lot sizes and included infrastructure.
      Pederson Crossing Blvd, De Forest, WI 53532
      View Details
    • $2,100,000
      37.66 Acres

      DeForest Development Opportunity Available

      37.66 acres of land for development in DeForest, Wisconsin.
      37.66 Acres Gray Rd & Low Countries Rd, De Forest, WI 53532
      View Details
    • Contact for pricing
      51,600 SF

      Modern Office Headquarters Building

      51,600 SF office building built in 2021.
      4617 Liuna Way, De Forest, WI 53532
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Industrial Space Available

      Class A industrial building with up to 138,012 SF available.
      4410 Daentl Rd, De Forest, WI 53532
      View Details
    • Contact for pricing

      Industrial Development with Flexible Sizes

      Class A industrial development offering flexible building sizes for lease.
      4420 Daentl Rd, 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
    • Contact for pricing
      21,800 SF

      DeForest Warehouse with Fenced Yard

      Warehouse with outdoor storage and highway access in DeForest, WI.
      4197 Reardon Rd, De Forest, WI 53532
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    • Contact for pricing
      138,012 SF

      New Industrial Space Available Now

      Class A industrial space available for immediate occupancy in DeForest, WI.
      4410 Daentl Rd, De Forest, WI 53532
      View Details
    • $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
    View Listing
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    4974 Innovation Dr
    De Forest, 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.

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