Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    703 Main St Waunakee, WI 53597-1150

    • Commercial real estate
    • 2.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1973832
    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 703 Main St

    Lot size
    2.45 lot acres
    Property type
    Commercial real estate
    APN
    0809-064-9380-1
    APU
    80906493801

    Description

    This exceptional 1,282 square foot commercial/retail space is available for purchase at $139,900 ($116 per square foot). Located at 703 W Main Street, Unit 101, in Waunakee, Wisconsin, this property offers a prime location within a vibrant community. The building itself comprises 50 apartments and this single commercial unit, ensuring a built-in customer base. Benefit from exceptional visibility and high traffic counts, with over 8,600 vehicles passing daily. The property's strategic placement next to a Piggly Wiggly and McDonald's guarantees significant foot traffic and exposure. Waunakee boasts a desirable lifestyle, featuring beautiful parks, diverse shopping options, numerous restaurants, engaging festivals, and thriving arts scene. The location also provides easy access to Middleton and Madison, offering convenient commuting options for employees and customers alike. This 1.39-acre lot presents a unique opportunity to establish or expand a business in a thriving and highly sought-after area. The property's modern design and convenient location make it an ideal investment for a variety of commercial ventures. Don't miss this chance to own a piece of Waunakee's bustling commercial landscape.

    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
    Waunakee
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4674
    Latitude
    43.1926
    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
    $72,660
    $733,000
    $3,660,500
    $4,393,500
    -
    $0.00
    $0.00
    $4,700,900

    Comparable in this City

    • Value Estimation
      $680,000
      5.55 Acres

      5251 Bishops Bay Pkwy

      COMMERCIAL (GENERAL) • 5.55 Acres
      5251 Bishops Bay Pkwy, Middleton, WI 53597-8844
      View Details
    • Value Estimation by Request
      3.79 Acres

      Darlin Dr

      COMMERCIAL (GENERAL) • 3.79 Acres
      Darlin Dr, Waunakee, WI 53597
      View Details
    • Value Estimation by Request
      1.05 Acres

      230 Division St

      COMMERCIAL (GENERAL) • 1.05 Acres
      230 Division St, Waunakee, WI 53597-1454
      View Details
    • Value Estimation by Request
      4.12 Acres

      1100 Frank H St

      COMMERCIAL (GENERAL) • 4.12 Acres
      1100 Frank H St, Waunakee, WI 53597-2517
      View Details
    • Value Estimation by Request
      0.38 Acres

      717 Kingston Way

      COMMERCIAL (GENERAL) • 0.38 Acres
      717 Kingston Way, Waunakee, WI 53597-1741
      View Details
    • Value Estimation by Request
      0.42 Acres

      105 Knightsbridge Rd

      COMMERCIAL (GENERAL) • 0.42 Acres
      105 Knightsbridge Rd, Waunakee, WI 53597-1733
      View Details

    Similar Nearby for Sale

    • $646,866
      3.00 Acres

      Waunakee Commercial Land - $646,866

      3-Acre Commercial Lot, Light Industrial Zoning
      251 Progress Way, Waunakee, WI 53597
      View Details
    • $2,178,000
      10.00 Acres

      Lake Mendota Commercial Land

      10 Acres, Prime C2 Zoning, $2.178M
      5385 River Rd, Waunakee, WI 53597
      View Details
    • Contact for pricing
      2.02 Acres

      Waunakee Commercial Property Investment

      Two Buildings, Prime Location, Flexible Suites
      1001 Arboretum Dr, Waunakee, WI 53597
      View Details
    • $1,500,000
      20,900 SF

      Waunakee Warehouse Investment Opportunity

      High-cap rate warehouse, excellent location.
      806 Division St, Waunakee, WI 53597
      View Details
    • $1,280,000
      13,000 SF

      Downtown Waunakee Commercial Space

      Prime location, high potential, 13,000 sq ft.
      107 Baker St, Waunakee, WI 53597
      View Details
    • $230,000
      0.34 Acres

      Residential Lot in Yahara Estates

      Building permit ready lot in Waunakee, close to Lake Mendota.
      11 Bald Eagle Cir, Waunakee, WI 53597
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial/Flex Build-to-Suit Opportunity

      Industrial/Flex space for rent in Deforest Business Park.
      600 Burton Blvd, De Forest, WI 53597
      View Details
    • $12 SF/Yr
      1 SF

      Prime Dane County Office Space

      Move-in ready office, excellent location.
      1030 Lillian St, Waunakee, WI 53597
      View Details
    • Contact for pricing

      Waunakee Retail and Office Suites

      Multiple small retail and office suites available for lease.
      1001 Arboretum Dr, Waunakee, WI 53597
      View Details
    • Contact for pricing

      Office Space with Highway Visibility

      Office suites with easy access to Madison's key areas.
      2801 Coho St, Madison, WI 53597
      View Details
    • Contact for pricing
      3,980 SF

      Versatile Warehouse with Office Space

      3,980 sq ft warehouse with office in Waunakee, WI.
      201 Moravian Valley Rd, Waunakee, WI 53597
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Space

      Retail and office spaces available in Cottage Grove Marketplace.
      421 W Cottage Grove Rd, Cottage Grove, WI 53597
      View Details
    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.
    703 Main St
    Waunakee, WI 53597-1150
    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.