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    Property profile & analytics

    6242 University Ave Middleton, WI 53562

    • Commercial real estate
    • 1.00 lot acres
    For Sale
    View listing
    $1,075,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0267578
    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 6242 University Ave

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.995-acre commercial land parcel presents a remarkable infill development opportunity in the highly desirable Middleton, Wisconsin market. Located at 6242 University Avenue, this property boasts 230 feet of frontage along University Avenue, providing excellent visibility and accessibility. Zoned B-1, Office District, the site is ideally suited for a variety of commercial developments. Preliminary estimates suggest the potential for approximately 50 units, making this an attractive investment prospect. The property's location on the busline enhances its appeal and accessibility. The asking price is $1,075,000, translating to a land value of $1,080,402 per acre. Given Middleton's consistently low vacancy rates and strong economic performance, this site offers significant potential for substantial returns. The property is situated in Dane County, Wisconsin, with a zip code of 53562. Its coordinates are 43.0921007 latitude and -89.4884488 longitude. This is a rare opportunity to acquire a prime development site in a thriving Wisconsin community. Don't miss this chance to capitalize on this exceptional location and build a successful commercial venture.

    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
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4884488
    Latitude
    43.0921007

    Comparable in this City

    • $3,662,176
      14.01 Acres

      Prime Middleton Commercial Land

      14 Acres, Highway 14 Frontage
      7154 Us Highway 14, Middleton, WI 53562
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    • $1,075,000

      Middleton Infill Development Site

      0.995 acre development site in desirable Middleton location.
      6242 University Ave, Middleton, WI 53562
      View Details
    • $159,000
      0.19 Acres

      Middleton Homesite in Middleton School

      Rare homesite in Middleton School District on Madison's west side.
      9433 Cobalt St, Middleton, WI 53562
      View Details
    • New
      $155,000
      0.10 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community with nature access and conveniences.
      6604 Linnet Ln, Middleton, WI 53562
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    • New
      $159,000
      0.09 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community with nature access and conveniences.
      6613 Junco Dr, Middleton, WI 53562
      View Details
    • New
      $159,000
      0.09 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community near parks, golf, shopping, and dining.
      6619 Junco Dr, Middleton, WI 53562
      View Details

    Similar Nearby for Sale

    • $3,662,176
      14.01 Acres

      Prime Middleton Commercial Land

      14 Acres, Highway 14 Frontage
      7154 Us Highway 14, Middleton, WI 53562
      View Details
    • $1,075,000

      Middleton Infill Development Site

      0.995 acre development site in desirable Middleton location.
      6242 University Ave, Middleton, WI 53562
      View Details
    • $159,000
      0.19 Acres

      Middleton Homesite in Middleton School

      Rare homesite in Middleton School District on Madison's west side.
      9433 Cobalt St, Middleton, WI 53562
      View Details
    • New
      $155,000
      0.10 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community with nature access and conveniences.
      6604 Linnet Ln, Middleton, WI 53562
      View Details
    • New
      $159,000
      0.09 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community with nature access and conveniences.
      6613 Junco Dr, Middleton, WI 53562
      View Details
    • New
      $159,000
      0.09 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community near parks, golf, shopping, and dining.
      6619 Junco Dr, Middleton, WI 53562
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      7,599 SF

      University Green Office/Warehouse Space

      Dane County Office & Warehouse Suites Available
      8505 University Grn, Middleton, WI 53562
      View Details
    • $19 SF/Yr
      4,413 SF

      Middleton Retail Space: University Ave

      High-traffic retail space, 3 units available.
      6771 University Ave, Middleton, WI 53562
      View Details
    • $1.61 SF/Yr

      Trailer Parking Stalls For Rent

      Up to 68 trailer parking stalls available for rent.
      2241 Eagle Dr, Middleton, WI 53562
      View Details
    • $17 SF/Yr
      24,764 SF

      Middleton Office/Lab/R&D Space Available

      Single-tenant property suitable for office, lab, or R&D use.
      8505 Research Way, Middleton, WI 53562
      View Details
    • $23 SF/Yr
      1,680 SF

      Westside Office Suites Available

      First floor office suites with private offices, break room, reception.
      6702 Stonefield Rd, Middleton, WI 53562
      View Details
    • $0.24 SF/Yr
      11,471 SF

      Middleton Office Space Available

      Premium Office Suites, Coworking, Virtual Offices
      8383 Greenway Blvd, Middleton, WI 53562
      View Details
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    6242 University Ave
    Middleton, WI 53562
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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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