Gated Motor Vehicle Storage
For Sale
$194,900
2727 French Rd Unit #2, De Pere, WI 54115
Pre-construction storage condos feature high ceilings, large overhead doors, and utility hookups within a gated, secured community.
Property Size1,600 SF
Price / SF$121.81
Days on Market47
Property Features for 2727 French Rd Unit #2
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Clear Height
18.5 ft
Amenities
clubhouse
wash bay
Building Details
Year Built
2026
Listing Agency:
RLT Real Estate LLC
Listed By:
Casey L. Ladowski · License #5656790
(920) 471-5587
Source:
Smartteamhomes
Added: Jul 21
Changed: Aug 21
Last Checked: Sep 5 at 11:29AM
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 RLT Real Estate LLC
Investment Insights
Based on property information with market context.
Overdrive Motor Condos is a gated, pre-construction storage community designed for motor and recreational vehicle storage. Phase 1 sales are underway, with unit sizes ranging from 32' x 30' up to as large as 32' x 80'. Units are planned with high 18.5' ceiling heights, drywall interior walls, insulated steel ceilings, and 16' x 14' overhead doors. The design includes optional mezzanine build-outs, with maximum soundproofing noted in the marketing materials, plus 200-amp electrical panels and 5" flatwork.
Planned services include gas, electric, sewer, and water. Access is set to be managed through a Noke access system, and the property is described as equipped with a multi-camera security system.
Community amenities are planned as well, including a clubhouse with games/entertainment and a complimentary wash bay. The listing is for 2727 French Rd Unit #2 in De Pere, Wisconsin 54115.
Planned services include gas, electric, sewer, and water. Access is set to be managed through a Noke access system, and the property is described as equipped with a multi-camera security system.
Community amenities are planned as well, including a clubhouse with games/entertainment and a complimentary wash bay. The listing is for 2727 French Rd Unit #2 in De Pere, Wisconsin 54115.
Key Highlights
- Pre‑construction gated storage condo community designed for motor & recreational vehicle enthusiasts
- Unit sizes from 32' x 30' up to 32' x 80'
- High 18.5' ceiling heights with 16' x 14' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,601
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,020
$272.0K
Cap Rate 7%
$194,300
$194.3K
Cap Rate 9%
$151,122
$151.1K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.1K $13.20/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$19.4K $12.14/SF
− OpEx
−$5.8K −$3.64/SF
NOI
$13.6K $8.50/SF
Area
Brown County, WI
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,020
Cap Rate 7%
$194,300
Cap Rate 9%
$151,122
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,654 @ 7.0% cap · market cap 48.05%
Second Best
Self Storage
$194.3K
$170.0K – $226.7K
NOI $13,601 @ 7.0% cap · market cap 6.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Pre-construction storage condos feature high ceilings, large overhead doors, and utility hookups within a gated, secured community.
Where is this self storage facility located?
The property is located at 2727 French Rd Unit #2 De Pere, WI.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Pre‑construction gated storage condo community designed for motor & recreational vehicle enthusiasts; Unit sizes from 32' x 30' up to 32' x 80'; High 18.5' ceiling heights with 16' x 14' overhead door
