Building Details

Year Built 1997

Listing Agency: Real Broker LLC

Listed By: Candy Lauby · License #7904694 Show Phone

Source: Madisonareahomelistings

Added: Sep 29, 2025 Changed: Oct 1 Last Checked: Oct 12 at 8:26PM

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Investment Insights

Based on property information with market context.

Built in 1997, this self-storage property comprises five buildings with 100 units and an additional 1,100 square feet designated for business or housing rental use. The facility is being offered in its current condition and has a reported occupancy rate of 98%.

The commercial lot includes room identified for future expansion, with the possibility of adding four more storage buildings. The property is located at 103 N Main in Reeseville, Wisconsin, and combines an operating storage component with separate rental space and additional land area.

Key Highlights

• Five‑building self‑storage facility with 100 units
• 98% of units rented
• Additional 1,100 square feet for business or housing rental use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,203

Cap Rate

7.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,244,060 $2.2M

Cap Rate 7%

$1,602,900 $1.6M

Cap Rate 9%

$1,246,700 $1.2M

Market Conditions

NOI Build-Up for 14,519 SF

Gross rent

$174.2K $12.00/SF

− Vacancy

−$13.9K −$0.96/SF

EGI

$160.3K $11.04/SF

− OpEx

−$48.1K −$3.31/SF

NOI

$112.2K $7.73/SF

Area

Dodge County, WI

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,244,060

Cap Rate 7%

$1,602,900

Cap Rate 9%

$1,246,700

Alternative Uses

Best Use

Self Storage

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,203 @ 7.0% cap · market cap 7.01%

Second Best

Warehouse

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,739 @ 7.0% cap · market cap 6.55%

Theoretical Best

Office A

$3.15M

$2.76M – $3.68M (±1% cap)

NOI $220,782 @ 7.0% cap · market cap 13.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Personality Plus Family ... Hair Salon GJM Mini Storage Storage Facility

Suggested Use

Top Pick HVAC Service Auto Repair Shop Plumbing Service Grocery & Convenience Store Garden Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 53579, WI

1,799

Population

719

Households

2.5

Avg Household Size

45

Median Age

19%

College-Educated

89%

High-School Grad

39.9 sq mi

ZIP Area

45

Density / Sq Mi

$75,048

Median Household Income

$47,167

Median Earnings

$919

Median Rent

$228,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Self storage facility - Established storage operation with ancillary space available for business or housing rental use.

Where is this self storage facility located?

The property is located at 103 N Main Reeseville, WI.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Five‑building self‑storage facility with 100 units; 98% of units rented; Additional 1,100 square feet for business or housing rental use