Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2037 Kern Ave Rice Lake, WI 54868

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $299,500

    Turnkey storage facility with income and expansion opportunities.

    Property size:
    4,500 SF
    Lot size:
    0.95 Acres

    Property Features for 2037 Kern Ave

    General Information

    Standard status
    Pending
    Size
    4,500 SF
    Lot size
    0.95 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Michael Anderson
    Source: Exitrealty

    Listing Agency: Royal LePage-Comox Valley (CV) Listing Agent: Michael Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Storage Facility with Expansion Potential

    This property presents an opportunity to acquire an established rental storage facility with expansion potential. The offering includes four lots, two of which are currently vacant, and two with existing buildings. The main building measures 45x100 feet and features a 17-foot high by 45-foot wide main door; this building is currently leased. A second building, measuring 30x40 feet, contains three overhead doors and is also fully leased. Additionally, the property includes two 8x40 foot Connex containers used for rental storage. Two vacant lots offer the possibility of further development. The property benefits from in-town access directly off a main city street.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice Lake
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.7243619
    Latitude
    45.4786055

    Nearby Similar for Sale

    • $475,000
      4,100 SF

      Rice Lake Commercial Showroom/Office

      Centrally located commercial property with showroom, offices, and shop space.
      1230 S Main St, Rice Lake, WI 54868
      View Details
    • $119,900
      2,790 SF

      Established Business in Prime Location

      Successful car wash business with real estate purchase opportunity.
      1330 S Main St, Rice Lake, WI 54868
      View Details
    • $539,900
      2,790 SF

      Rice Lake Commercial Property For Sale

      Commercial property with high visibility on South Main Street.
      1330 S Main St, Rice Lake, WI 54868
      View Details
    • $439,900
      2,790 SF

      Rice Lake Commercial Property For Sale

      Commercial building with updated facilities on a high-traffic street.
      1330 S Main St, Rice Lake, WI 54868
      View Details
    • $99,500
      836 SF

      Office/Retail Building in Rice Lake

      Office or retail building with full basement and off-street parking.
      15 E Eau Claire St, Rice Lake, WI 54868
      View Details
    • $599,900
      15,900 SF

      Versatile Building in Downtown Rice

      15,000 sq ft building suitable for various uses.
      1 N Main St, Rice Lake, WI 54868
      View Details
    • $179,900
      2,400 SF

      Rice Lake Commercial Opportunity

      Commercial building on Main Street with high traffic and great potential.
      407 S Main St, Rice Lake, WI 54868
      View Details
    • $309,900
      4,776 SF

      Established Restaurant in Rice Lake, WI

      Established restaurant with a great corner location in downtown Rice Lake.
      36 W Marshall St, Rice Lake, WI 54868
      View Details
    • $249,900
      2,763 SF

      Updated Medical Arts Building Condo

      Turnkey commercial condo in Rice Lake's Medical Arts Building.
      1035 N Main St, Rice Lake, WI 54868
      View Details
    • $499,000
      7,808 SF

      Established Pet Lodging and Daycare

      Pet lodging and daycare on 9 acres with residence.
      2307 26Th St, Rice Lake, WI 54868
      View Details
    • $379,900
      4,009 SF

      Mixed-Use Investment in Downtown Rice

      Mixed-use property with retail, office, and residential spaces.
      1 S Main St, Rice Lake, WI 54868
      View Details
    • $307,000
      2,400 SF

      Rice Lake Commercial Property

      Commercial property with flexible space and convenient access in Rice Lake.
      430 N Main St, Rice Lake, WI 54868
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Turnkey storage facility with income and expansion opportunities.
    Where is this self storage facility located?
    The property is located at 2037 Kern Ave Rice Lake, WI.
    What is the asking price?
    The asking price for this property is $299,500.
    What are key features of this property?
    This property features: - Established rental storage business providing immediate income from existing leases.; - Four lots included, with two vacant lots offering future expansion possibilities.; - **Main building (45x100) features a large (17'H x 45'W) door and is currently leased.**
    (715) 234-1991
    Request Owner's contact information
    2037 Kern Ave Rice Lake, WI 54868
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2037 Kern Ave
    Rice Lake, WI 54868
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2037 Kern Ave Rice Lake, WI 54868
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Anderson
    Real Estate License ID: 7636794
    (715) 234-1991 (250) 334-3124
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!