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    6242 University Ave Middleton, WI 53562
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    6242 University Ave Middleton, WI 53562

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    • Land
    For Sale
    $1,075,000
    View Listing →
    Land For Sale For Sale
    $1,075,000

    Land For Sale

    0.995 acres of land available for purchase.

    6242 University Ave, Middleton, WI 53562
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6242 University Ave

    Property type
    Land

    Description

    Land | 0.995 acres

    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
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4883273
    Latitude
    43.0920372

    Comparable in this City

    • Contact for pricing

      Land For Sale Middleton

      Land available for sale in Middleton, Wisconsin.
      7154 Us Highway 14, Middleton, WI 53562
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      Middleton Homesite in Redtail Ridge

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      Middleton Lot with Geothermal Credit

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      Middleton Lot with Geothermal Credit

      Residential lot in Middleton with geothermal credit opportunity.
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      Middleton Lot with House Plan

      Residential lot with curated house plan in Middleton, Wisconsin.
      4051 Serenbe St, Middleton, WI 53562
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      Middleton, WI Residential Lot

      Residential lot in sustainable community, Middleton, Wisconsin.
      7528 California Love Trl, Middleton, WI 53562
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Middleton

      Land available for sale in Middleton, Wisconsin.
      7154 Us Highway 14, Middleton, WI 53562
      View Details
    • $370,000
      0.10 Acres

      Middleton Lot with Geothermal Credit

      Residential lot in Middleton, WI with geothermal credit.
      7525 California Love Trl, Middleton, WI 53562
      View Details
    • $159,000
      0.09 Acres

      Middleton Homesite in Redtail Ridge

      Homesite in planned community with nature access and convenient commutes.
      6622 Linnet Ln, Middleton, WI 53562
      View Details
    • $243,000
      0.11 Acres

      Middleton Lot with House Plan

      Residential lot with curated house plan in Middleton, Wisconsin.
      4051 Serenbe St, Middleton, WI 53562
      View Details
    • $229,500
      0.07 Acres

      Middleton, WI Residential Lot

      Residential lot in sustainable community, Middleton, Wisconsin.
      7528 California Love Trl, Middleton, WI 53562
      View Details
    • $229,500
      0.08 Acres

      Middleton Lot with Geothermal Credit

      Residential lot in Middleton with geothermal credit opportunity.
      7541 Another Way, Middleton, WI 53562
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 6405 Century Ave.
      6405 Century Ave, Middleton, WI 53562
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    • Contact for pricing
      40,000 SF

      Middleton Industrial Warehouse For Lease

      40,000 SF industrial warehouse space in Middleton Corporate Center.
      3190 Deming Way, Middleton, WI 53562
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    • $24 SF/Yr
      1,368 SF

      Downtown Middleton Retail Space Available

      Retail space in downtown Middleton with high visibility and access.
      6771 University Ave, Middleton, WI 53562
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    • Contact for pricing
      4,870 SF

      Retail Space in Mixed-Use Project

      1,949 sq ft retail space in Middleton, Wisconsin.
      8309 Greenway Blvd, Middleton, WI 53562
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    • $6 SF/Yr
      7,600 SF

      Middleton Office/Flex Suites Available

      Office and flex suites available for lease in Middleton, WI.
      3030 Laura Ln, Middleton, WI 53562
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    • Sponsored
      New
      Contact for pricing

      Middleton

      Discover many ways to work your way in Middleton
      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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