Garage Condo Storage
19-1251 Arthur Drive Milton, WI 53563
19-1251 Arthur Drive, Milton, WI, 53563
$99,900
For Sale
$99,900
Premium garage condo units with individual service meters, floor drains, and Modine heaters, plus water access and restroom access.
Property Size1,100 SF
Price / SF$90.82
Days on Market81
Property Features for 19-1251 Arthur Drive
General Information
- Standard status
- Active
- Size
- 1,100 SF
Listing agency
Compass RE WI-Tosa
(715) 560-9233
Listed by
Corinne Fales · License #78051-94
(715) 560-9233
Source
Exprealty
Added: May 2 Updated: Jul 20 at 8:18PM Checked: Jul 20 at 8:18PM
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 Compass RE WI-Tosa
Investment Insights
Based on property information with market context.
The property offers premium garage condo-style storage units designed for private storage and light work use. Existing units are described as approximately 1,100 square feet and include individual service meters, floor drains, and a water spigot. Units also feature Modine heaters, and each unit lists access to a community restroom from unit 19. WiFi is available.
The offering includes a planned additional building, with customizable unit sizes described as approximately 650 to 3,000 square feet. Buyers may add mezzanine lofts, offices, lounges, storage, or entertainment areas to tailor the space.
An association fee of $65 per month is noted in the remarks.
The offering includes a planned additional building, with customizable unit sizes described as approximately 650 to 3,000 square feet. Buyers may add mezzanine lofts, offices, lounges, storage, or entertainment areas to tailor the space.
An association fee of $65 per month is noted in the remarks.
Key Highlights
- Premium garage condo units in Milton designed for luxury storage and private workshop/retreat use
- Approx. 1,100 SF units include individual service meters, floor drains, and a water spigot
- Each unit features a Modine heater and WiFi availability
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.6k | $9.60 |
| − Vacancy | −$739 | −$0.67 |
| EGI | $9.8k | $8.93 |
| − OpEx | −$2.9k | −$2.68 |
| NOI | $6.9k | $6.25 |
1,100 SF · lease $9.60/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$185.3K
$162.2K – $216.2K
NOI $12,973 @ 7.0% cap · market cap 12.99%
Second Best
Self Storage
$98.2K
$85.9K – $114.6K
NOI $6,875 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Premium garage condo units with individual service meters, floor drains, and Modine heaters, plus water access and restroom access.
Where is this self storage facility located?
The property is located at 19-1251 Arthur Drive Milton, WI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Premium garage condo units in Milton designed for luxury storage and private workshop/retreat use; Approx. 1,100 SF units include individual service meters, floor drains, and a water spigot; Each unit features a Modine heater and WiFi availability
