Listing Agency: Great Rock Realty LLC k***@keithandkinsey.com

Listed By: Keith Schulz · License #WI 57256-90 Show Phone

Source: Exprealty

Added: Mar 10 Changed: Nov 3 Last Checked: Nov 3 at 10:16AM

Report an Issue

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 Great Rock Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This self-storage condo includes a 25’ x 50’ unit with nominal dimensions and a flexible interior suitable for storage, hobbies, motorsports, watersports equipment, RVs, or collections. The unit is equipped with an individual furnace, 125-amp electrical panel, separate utility metering, and bathroom rough-ins. Customization options include mezzanines, lifts, epoxy flooring, and other buildout elements.

Owners have access to a private, fully finished clubhouse with two bathrooms, a kitchen and bar area, conference table, lounge seating, and recreation space. Additional unit sizes are available, including 25’ x 40’, 50’ x 40’, and 50’ x 50’.

Key Highlights

• 25’ x 50’ unit with nominal dimensions
• Individual furnace and 125‑amp electrical panel
• Separate utility metering and bathroom rough‑ins

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,902

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,040 $298.0K

Cap Rate 7%

$212,886 $212.9K

Cap Rate 9%

$165,578 $165.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$18.0K $14.40/SF

− Vacancy

−$468 −$0.37/SF

EGI

$17.5K $14.03/SF

− OpEx

−$2.6K −$2.10/SF

NOI

$14.9K $11.92/SF

Area

Dane County, WI

Vacancy

2.60%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,040

Cap Rate 7%

$212,886

Cap Rate 9%

$165,578

Alternative Uses

Best Use

Warehouse

$212.9K

$186.3K – $248.4K (±1% cap)

NOI $14,902 @ 7.0% cap · market cap 4.89%

Second Best

Self Storage

$155.1K

$135.7K – $181.0K (±1% cap)

NOI $10,857 @ 7.0% cap · market cap 3.56%

Theoretical Best

Office A

$290.5K

$254.2K – $338.9K (±1% cap)

NOI $20,333 @ 7.0% cap · market cap 6.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Real Estate Agency Cafe & Coffee Shop Food Market Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 53593, WI

28,232

Population

12,583

Households

2.2

Avg Household Size

37

Median Age

68%

College-Educated

99%

High-School Grad

76.2 sq mi

ZIP Area

370

Density / Sq Mi

$135,699

Median Household Income

$74,356

Median Earnings

$1,530

Median Rent

$464,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Storage Condo with Private Clubhouse

644 Liberty Drive, Verona, WI 53593

$304,900

1,250 SF

View details

Luxury Storage Condo with Clubhouse

Liberty Dr Unit 210, Verona, WI 53593

Contact for pricing

1,000 SF

View details

First-Floor 2-Bedroom Apartment

847 Walnut St, Verona, WI 53590

Contact for pricing

800 SF

View details

Turnkey Tavern and Event Venue

8205 Klevenville Riley Rd, Verona, WI 53593

$879,000

6,059 SF

View details

Flex Space with Private Clubhouse

111-644 Liberty Dr, Verona, WI 53593

$244,900

View details

Two-Unit Side-by-Side Duplex

455-457 S Main St, Verona, WI 53593

$449,900

View details

Frequently Asked Questions

What type of property is this?

Self storage facility - Customizable storage unit with dedicated utilities, electrical service, heating, and access to a finished private clubhouse.

Where is this self storage facility located?

The property is located at 200-644 Liberty Dr Verona, WI.

What is the asking price?

The asking price for this property is $304,900.

What are key features of this property?

This property features: 25’ x 50’ unit with nominal dimensions; Individual furnace and 125‑amp electrical panel; Separate utility metering and bathroom rough‑ins