5253 Verona RdFitchburg, WI 53711

Property Details for 5253 Verona Rd

Lot size

10.50 AC

Property type

Industrial properties

APN

0609-064-8201-2

APU

60906482012

Description

This exceptional industrial property, located at 5253 Verona Rd, Fitchburg, WI 53711, presents a unique investment opportunity. Encompassing 10.8 acres and boasting 83,150 to 90,150 square feet of versatile space, this Class B building is ideal for owner-users seeking a blend of manufacturing, warehouse, and flex space. Built between 1980 and 2016, the single-story structure features a 16- to 22-foot clear height, allowing for efficient storage and operations. The property includes six loading docks, six dock-high doors, and three drive-in doors, ensuring seamless logistics. The 6-inch thick concrete floor provides exceptional durability. Two electrical services (2000 amp 208/120 and 800 amp 480/277) support diverse operational needs. The building is equipped with a wet sprinkler system and gas-fired radiant heat for optimal climate control. Ample parking is available with over 110 stalls. The property is zoned for Highway Business use and benefits from a nearby mountain biking park. The current tenant is on a short-term lease, presenting immediate occupancy potential. Asking price is $5,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $190,156,000

  6.5%

  $175,529,000

  7%

  $162,991,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $74,295,500

  Geo Method

  $95,318,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $88,946,800

  Mixed-Use / Specialty

  $87,791,600

  Hospitality / Lodging

  $63,318,600

  Office

  $86,397,000

  Institutional / Educational

  $90,968,300

  Residential Income

  $106,433,000

  Multifamily

  $132,296,000

  Automotive / Energy

  $77,972,800

  Parking / Income-Based Land

  $27,735,500

  Restaurant / Food Service

  $43,872,300

  Healthcare / Senior Housing

  $90,888,100

Location Insight

City

Fitchburg

County

Dane

State

Wisconsin

Latitude

43.0201

Longitude

-89.4681

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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