99-Unit Self-Storage Facility For
For Sale
$1,150,000
1917 S 14th St, Manitowoc, WI 54220
Prime self-storage facility with 95% physical occupancy.
Property Size21,800 SF
Price / SF$48.32
Days on Market214
Property Features for 1917 S 14th St
General Information
Standard status
Active
Size
21,800 SF
Property subtype
Commercial
Net Operating Income
$77,059
Building Details
Building Size
21,800 SF
Year Built
2001
Listed By:
Don Larkin · License #475.215486 (IL)
(872) 268-5813
Source:
Matthews
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 26 at 12:42PM
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 Don Larkin
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Investment Insights
Based on property information with market context.
This property is a self-storage facility containing 99 units. The physical occupancy rate is 95%. The property has a size of 23800 square feet.
Key Highlights
- 95% physical occupancy
- 99‑unit self‑storage facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,345
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,900
$1.8M
Cap Rate 7%
$1,262,071
$1.3M
Cap Rate 9%
$981,611
$981.6K
Market Conditions
NOI Build-Up for 23,800 SF
Gross rent
$128.5K $5.40/SF
− Vacancy
−$2.3K −$0.10/SF
EGI
$126.2K $5.30/SF
− OpEx
−$37.9K −$1.59/SF
NOI
$88.3K $3.71/SF
Area
Manitowoc County, WI
Vacancy
1.80%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,900
Cap Rate 7%
$1,262,071
Cap Rate 9%
$981,611
Alternative Uses
Best Use
Self Storage
$1.78M
$1.56M – $2.08M
NOI $124,616 @ 7.0% cap · market cap 10.84%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,345 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$5.22M
$4.56M – $6.09M
NOI $365,104 @ 7.0% cap · market cap 31.75%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Prime self-storage facility with 95% physical occupancy.
Where is this self storage facility located?
The property is located at 1917 S 14th St Manitowoc, WI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 95% physical occupancy; 99‑unit self‑storage facility
