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    701 North High Point Rd Madison, WI 53717

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    701 North High Point Rd Madison, WI 53717

    View on Map
    • Strip malls
    • 8,331 SF
    • 0.45 lot acres
    For Lease
    $1,040,000
    View Listing →
    Retail Space in Sauk Point For Lease
    $1,040,000

    Retail Space in Sauk Point

    Retail space in high-traffic, high-income Madison location for lease.

    701 North High Point Road, Madison, WI 53717
    View Listing
    Property ID
    US92-3461076
    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

    • Sauk Point Square / Shopping Center & Mall
    • Mathnasium / Tutoring Service
    • Michael Pharo Realtor, Madison Homes, Wisconsin Real Estate / Real Estate Agency

    Property Details for 701 North High Point Rd

    Year built
    2001
    Lot size
    0.45 lot acres
    Property size
    8,331 SF
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0708-143-0601-9
    APU
    70814306019

    Description

    Sauk Point Square, located at 701 N High Point Rd in Madison, WI 53717, offers prime retail space in the WI - Madison West submarket. This single-story, 5,554 square foot strip center, built in 2001, sits on a 0.44-acre lot and is zoned PD. The property currently has 3,630 square feet of vacant space available, divisible into units ranging from a minimum of 1,210 square feet to a maximum contiguous space of 2,420 square feet. Ideal for a variety of retail uses, this well-located center benefits from high visibility and convenient access. The building features no elevators. Dane County's thriving economy and strong demographics make this an excellent opportunity for businesses seeking a strategic location in a high-traffic area. Serious inquiries are encouraged to explore the possibilities of establishing or expanding your business within this vibrant retail center. The property is for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,134,000
      Market price range: $951k - $2.23M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,600,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5182
    Latitude
    43.0753
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,659
    $255,000
    $735,000
    $990,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,430,000
      9,588 SF

      650 High Pt Rd

      SHOPPING CENTER, STRIP CENTER • 9,588 SF
      650 High Pt Rd, Madison, WI 53717-1852
      View Details
    • Value Estimation
      $4,570,000
      14,859 SF

      7815 Mineral Pt Rd

      SHOPPING CENTER, STRIP CENTER • 14,859 SF
      7815 Mineral Pt Rd, Madison, WI 53717-1604
      View Details
    • Value Estimation
      $1,460,000
      10,270 SF

      737 High Pt Rd

      SHOPPING CENTER, STRIP CENTER • 10,270 SF
      737 High Pt Rd, Madison, WI 53717-2237
      View Details
    • Value Estimation by Request
      54,364 SF

      7940 Tree Ln

      Neighborhood centers • 54,364 SF
      7940 Tree Ln, Madison, WI 53717
      View Details
    • Value Estimation by Request
      50,876 SF

      7836 Mineral Point Rd

      Lifestyle centers • 50,876 SF
      7836 Mineral Point Rd, Madison, WI 53717
      View Details
    • Value Estimation
      $5,675,000
      48,006 SF

      7812 Mineral Pt Rd

      MINI-MALL • 48,006 SF
      7812 Mineral Pt Rd, Madison, WI 53717
      View Details

    Similar Nearby for Sale

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      Oakbridge Center Retail Investment

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      27,910 SF

      Madison Office Building on 2.44 Acres

      Well-maintained 27,910 SF office building on 2.44 acres.
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      82,017 SF

      Two-Story Office Building on 7.2 Acres

      Two-story Class A/B office building with expansion potential.
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      6,260 SF

      Remodeled Office Suite with Drive-in

      Updated office suite with drive-in door and delivery area.
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      Two-story office building with expansion opportunities in Old Sauk Trails.
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    Similar Nearby for Lease

    • Contact for pricing
      35,345 SF

      Madison Retail Anchor Space Available

      Premier shopping center with anchor and outlot spaces for lease.
      Nwc Of Beltline Hwy & Mineral Pt Rd, Madison, WI 53717
      View Details
    • Contact for pricing
      1,674 SF

      West Madison Retail Space Available

      Multi-tenant shopping center space for lease near major retailers.
      700-728 S Gammon Rd, Madison, WI 53717
      View Details
    • $16 SF/Yr
      14,530 SF

      Retail Space in Madison Center

      Retail space available in a busy Madison shopping center.
      7475 Mineral Point Rd, Madison, WI 53717
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Prime retail space with easy access and ample parking.
      721-751 N High Point Rd, Madison, WI 53717
      View Details
    • Contact for pricing

      Commercial Office Space Near West

      Premier commercial office space located on Madison’s near west side.
      7617 Mineral Point Rd, Madison, WI 53717
      View Details
    • Contact for pricing

      Retail Space in Sauk Point

      Retail space in high-traffic, high-income Madison location for lease.
      701 North High Point Rd, Madison, WI 53717
      View Details
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    Madison, WI 53717
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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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