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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    737 High Pt Rd Madison, WI 53717-2237

    • Strip malls
    • 10,270 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1260024
    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

    • Chic Nails / Nail Salon / Beauty Salon

    Property Details for 737 High Pt Rd

    Year built
    1999
    Lot size
    0.49 lot acres
    Property size
    10,270 SF
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0708-143-0608-5
    APU
    70814306085

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,873,000
      Market price range: $1.17M - $2.74M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,970,000
      Current use
      OFFICE BUILDING
      $2,375,000
      Change: +20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5182
    Latitude
    43.0761
    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
    $27,617
    $280,000
    $1,355,000
    $1,635,000
    -
    $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
      $1,040,000
      8,331 SF

      701 High Pt Rd

      SHOPPING CENTER, STRIP CENTER • 8,331 SF
      701 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

    • $4,500,000
      31,811 SF

      Madison Medical Office Building

      Prime Madison location, 31,811 SF, $4.5M
      7102 Mineral Point Rd, Madison, WI 53717
      View Details
    • $8,610,000
      82,017 SF

      Madison West Side Office Complex

      Class A Office, 82,017 SF, Owner/User
      744 Heartland Trl, Madison, WI 53717
      View Details
    • $8,610,000
      82,017 SF

      Class A/B Office Building

      Two-story office building with expansion opportunities in Old Sauk Trails.
      744 Heartland Trl, Madison, WI 53717
      View Details
    • Contact for pricing
      27,910 SF

      Madison Executive Office Space

      27,910 SF Office, Biotech Potential
      1210 Fourier Dr, Madison, WI 53717
      View Details
    • $899,000
      3,864 SF

      Vacant Single Tenant Office Building

      3,864 SF vacant office building, former veterinary clinic.
      7530 Mineral Point Rd, Madison, WI 53717
      View Details
    • $1,449,000

      Residential Land Redevelopment Opportunity

      1.84 acre multi-family redevelopment opportunity on Gammon Rd.
      N Gammon Rd, Madison, WI 53717
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,335 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
    • Contact for pricing
      1,245 SF

      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
    • $12 SF/Yr
      36,302 SF

      High Point Plaza: Madison Office Space

      Madison Office Suites, 2,900 - 5,164 sq ft
      7617 Mineral Point Rd, Madison, WI 53717
      View Details
    • $15 SF/Yr
      190,232 SF

      Junction Point Executive Suites

      Madison Office Space, 1,500-4,059 SF
      301 Harbour Town Dr, Madison, WI 53717
      View Details
    • $20 SF/Yr

      Class-A Building with Retail/Office

      25,001 Sq. Ft. retail and office space for rent.
      515 Junction Rd, Madison, WI 53717
      View Details
    • $18 SF/Yr
      100,000 SF

      Madison Class A Lab/Office Facility

      100,000 SF, 5-acre campus, Dane County.
      8330 Excelsior Dr, Madison, WI 53717
      View Details
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    737 High Pt Rd
    Madison, WI 53717-2237
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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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