Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5335 Nobel Dr Fitchburg, WI 53711
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5335 Nobel Dr Fitchburg, WI 53711

    View on Map
    • Commercial land
    For Sale
    $599,900
    View Listing →
    Fitchburg Land Next to McGaw Park For Sale
    $599,900

    Fitchburg Land Next to McGaw Park

    1.36-acre site near business community and family farms.

    5335 Nobel Dr, Fitchburg, WI 53711
    View Listing
    Property ID
    US92-1326048
    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 5335 Nobel Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Situated directly next to McGaw Park, this 1.36-acre site is located in the idyllic neighborhoods of Fahey Fields and Highfield Reserve in beautiful Fitchburg, WI. The site is close to Fitchburg's vibrant business community and is surrounded by family farms and world-class bike trails. Potential uses may include schools, including Montessori or other private schools, churches, recreational facilities, nursing homes, private clubs, utility and governmental facilities, or bed and breakfast establishments (subject to the City of Fitchburg approvals; some may require Conditional Use Approvals). Enjoy walking to diverse dining, shopping, and the Fitchburg Library. The property is within walking distance to the neighboring Fitchburg Technology Campus and the Fitchburg Center. Fitchburg Center is a 440-acre mixed-use community that is home to the global headquarters of Promega Corporation and the Biopharmaceutical Technology Center Institute. The neighborhood is also less than 15 minutes away from the cultural and recreational opportunities accessible in downtown Madison, top Madison employer Epic Systems, the University of Wisconsin-Madison, and top Dane County hospitals, and is located within the Oregon School District. Lot 144, future land use for medium-density residential (MDR). Current zoning is institutional. Any zoning change, if allowed/approved by the city, would be required before any new development.

    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
    Fitchburg
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4201
    Latitude
    43.0164

    Comparable in this City

    • $5,990,000
      9.80 Acres

      Fitchburg Redevelopment Opportunity

      9.8-acre parcel with redevelopment potential in Fitchburg, WI.
      3080 County Road Mm, Fitchburg, WI 53711
      View Details
    • Contact for pricing

      Fitchburg Land Parcel For Sale

      33-acre Fitchburg land parcel with development potential.
      2991 County Road Mm, Fitchburg, WI 53711
      View Details
    • Contact for pricing
      17,881 SF

      Fitchburg Commercial Office Space

      Prime Fitchburg Office, 1558 sq ft, Available Now
      2960 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • Contact for pricing
      3,600 SF

      Corner Retail Near Camp Randall

      Prime retail location near Camp Randall Stadium and University of Wisconsin.
      1401 Regent St, Madison, WI 53711
      View Details
    • $1,450,000
      10,088 SF

      Professional Office Building For Sale

      Multi-tenant office building on 1+ acre near Exact Science.
      14 Ellis Potter Ct, Madison, WI 53711
      View Details
    • $112,900
      0.11 Acres

      Residential Lot in Fitchburg Community

      Residential lot in planned community with trails and green space.
      4783 Sorrel Dr, Fitchburg, WI 53711
      View Details

    Similar Nearby for Sale

    • $5,990,000
      9.80 Acres

      Fitchburg Redevelopment Opportunity

      9.8-acre parcel with redevelopment potential in Fitchburg, WI.
      3080 County Road Mm, Fitchburg, WI 53711
      View Details
    • Contact for pricing

      Fitchburg Land Parcel For Sale

      33-acre Fitchburg land parcel with development potential.
      2991 County Road Mm, Fitchburg, WI 53711
      View Details
    • Contact for pricing
      17,881 SF

      Fitchburg Commercial Office Space

      Prime Fitchburg Office, 1558 sq ft, Available Now
      2960 Triverton Pike Dr, Fitchburg, WI 53711
      View Details
    • $1,450,000
      10,088 SF

      Professional Office Building For Sale

      Multi-tenant office building on 1+ acre near Exact Science.
      14 Ellis Potter Ct, Madison, WI 53711
      View Details
    • Contact for pricing
      3,600 SF

      Corner Retail Near Camp Randall

      Prime retail location near Camp Randall Stadium and University of Wisconsin.
      1401 Regent St, Madison, WI 53711
      View Details
    • $112,900
      0.11 Acres

      Residential Lot in Fitchburg Community

      Residential lot in planned community with trails and green space.
      4783 Sorrel Dr, Fitchburg, WI 53711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Rent

      1,937 SF office suite available for rent.
      440 Science Dr, Madison, WI 53711
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease at 700 Rayovac Dr.
      700 Ray O Vac Dr, Madison, WI 53711
      View Details
    • $36 SF/Yr
      210 SF

      Iconic Office Building on Monroe

      Office suites with off-street parking near UW and Edgewood Campus.
      1930 Monroe St, Madison, WI 53711
      View Details
    • $15 SF/Yr
      6,851 SF

      Fitchburg Technology Campus Office Space

      Modern office space in Fitchburg Technology Campus available for rent.
      5525 Nobel 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
    View Listing
    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.
    5335 Nobel Dr
    Fitchburg, 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.
    Sign Up Successful!
    You now have access to more from Realmo!