Self-Storage Unit with Overhead
New
For Sale
Contact for pricing
10940 County Rd 77 #32, Nisswa, MN 56468
An unheated storage condominium offers space for seasonal belongings, recreational equipment, and tools.
Property Size420 SF
Price / SF$71.19
Days on Market3
Property Features for 10940 County Rd 77 #32
General Information
Standard status
Active
Size
420 SF
Property subtype
Commercial
Zoning
Lot
Additional Details
Conditioned Warehouse
No
Property Use
Storage
Taxes and HOA fees
Annual Taxes
$116
Building Details
Building Size
420 SF
Year Built
2023
Units
1
Listing Agency:
Premier Real Estate Services
Listed By:
Thomas Schiffler
(320) 980-1414
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2023 storage condominium provides 420 square feet of interior space in a 14' x 30' configuration. A 10' x 10' overhead door serves the unit. It is unheated and has no electricity installed; electricity can be added.
The property is off County Road 77 on the west side of Gull Lake in the Nisswa area.
The property is off County Road 77 on the west side of Gull Lake in the Nisswa area.
Key Highlights
- 420 square feet of interior storage space
- 14' x 30' unit with a 10' x 10' overhead door
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,988
Suggested Prices Based on Cap Rates
Cap Rate 5%
$59,760
$59.8K
Cap Rate 7%
$42,686
$42.7K
Cap Rate 9%
$33,200
$33.2K
Market Conditions
NOI Build-Up for 420 SF
Gross rent
$3.7K $8.71/SF
− Vacancy
−$143 −$0.34/SF
EGI
$3.5K $8.37/SF
− OpEx
−$527 −$1.26/SF
NOI
$3.0K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$59,760
Cap Rate 7%
$42,686
Cap Rate 9%
$33,200
Alternative Uses
Best Use
Self Storage
$52.7K
$46.1K – $61.5K
NOI $3,687 @ 7.0% cap · market cap 12.33%
Second Best
Warehouse
$42.7K
$37.4K – $49.8K
NOI $2,988 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$89.2K
$78.0K – $104.0K
NOI $6,242 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 56468, MN
4,525
Population
3,653
Households
1.2
Avg Household Size
53
Median Age
42%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
91
Density / Sq Mi
$103,698
Median Household Income
$49,531
Median Earnings
$995
Median Rent
$437,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - An unheated storage condominium offers space for seasonal belongings, recreational equipment, and tools.
Where is this self storage facility located?
The property is located at 10940 County Rd 77 #32 Nisswa, MN.
What are key features of this property?
This property features: 420 square feet of interior storage space; 14' x 30' unit with a 10' x 10' overhead door; Built in 2023
