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    Multi-Building Storage & Office Title is generated by Realmo AI

    103 N Main Street, Reeseville, WI 53579

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    For Sale
    $1,700,000

    Office,Retail,Self storage - Reeseville, WI

    Added:
    Feb 5, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 103 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    177-1014-2834-081

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5456

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    6
    Roof type
    Composition, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Candy Lauby

    Listing agent Candy Lauby

    Listing office Real Broker LLC 2005 West Beltline Suite #103, Madison, WI

    Listing date Feb 5, 2026

    MLS# 2009873 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 100‑unit storage facility with 98% occupancy.
    • Expansion potential: Commercial lot allows for adding 4 more storage unit buildings.
    • Includes an 1100 sq ft building suitable for business or housing rental.
    • Well‑maintained property.
    • Built in 1997.
    • Heating (Forced Air) and Cooling (Central Air) systems.

    Overview

    This multi-building property includes a 100-unit self storage facility housed across five buildings, along with additional room to expand on site. The facility is described as well taken care of, with approximately 98% of units rented at the time of listing. In addition to storage, the property includes a 1,100-square-foot space suitable for business use or rental, providing a secondary income opportunity. The seller is offering the property “as is.”

    The property is located at 103 N Main Street in Reeseville, Wisconsin, on a commercial lot. The listing notes that the lot is large enough to potentially add up to four additional storage unit buildings in the future, depending on site planning and approvals.

    For owners and investors, this setup supports both immediate storage revenue and potential growth through further development. The on-site rental space may appeal to operators looking to manage a business component alongside storage, or to buyers who prefer to diversify income within the same property. With the high occupancy reported, the asset may be well suited for a buyer seeking a stabilized self storage operation with expansion prospects.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom HVAC Service Bar & Pub Garden Center Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reeseville
    County
    Dodge
    State
    Wisconsin
    Longitude
    -88.844508
    Latitude
    43.303622

    FAQs

    What type of property is this?
    Self storage facility - Well-maintained self storage facility with an attached office/rental space and strong unit occupancy.
    Where is this self storage facility located?
    The property is located at 103 N Main Street Reeseville, WI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 100‑unit storage facility with **98% occupancy**.; Expansion potential: Commercial lot allows for adding 4 more storage unit buildings.; Includes an 1100 sq ft building suitable for business or housing rental.
    (608) 235-3807
    We can help!
    Listing Contact
    Candy Lauby
    Request Owner's contact information
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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.

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