Self Storage Facility with Truck
For Sale
Contact for pricing
218 Washington Street, Menasha, WI 54952
Commercially zoned property with warehouse, flex, storage, and light manufacturing use potential.
Property Size14,752 SF
Price / SF$60.94
Days on Market53
Property Features for 218 Washington Street
General Information
Standard status
Active
Size
14,752 SF
Property subtype
Industrial, Self Storage
Zoning
Commercial
Occupancy
90%
Net Operating Income
$42,355
Building Details
Year Built
1947
Buildings
3
Tenancy
Multi
Listing Agency:
NAI Pfefferle
Listed By:
Elizabeth Ringgold · License #WI
(920) 968-4700
Source:
Crexi
Added: Jul 30
Changed: Sep 4
Last Checked: Sep 19 at 10:04AM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
This 14,752-square-foot self storage facility was built in 1947 and carries Commercial zoning. The property is identified for storage, warehouse, flex, light manufacturing, contractor, and distribution applications, providing a broad range of commercial use possibilities within the stated classification.
Located at 218 Washington Street in Menasha, the property sits in an established industrial and commercial area. Truck access is available, with transportation routes serving Northeast Wisconsin. The listing encompasses 218, 220, and 222 Washington Street.
Located at 218 Washington Street in Menasha, the property sits in an established industrial and commercial area. Truck access is available, with transportation routes serving Northeast Wisconsin. The listing encompasses 218, 220, and 222 Washington Street.
Key Highlights
- 14,752 SF self storage facility
- Built in 1947
- Commercial zoning
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
$73,031
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
8.12%
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%
$1,460,620
$1.5M
Cap Rate 7%
$1,043,300
$1.0M
Cap Rate 9%
$811,456
$811.5K
Market Conditions
NOI Build-Up for 14,752 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
$115.1K $7.80/SF
− Vacancy
−$10.7K −$0.73/SF
EGI
$104.3K $7.07/SF
− OpEx
−$31.3K −$2.12/SF
NOI
$73.0K $4.95/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /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%
$1,460,620
Cap Rate 7%
$1,043,300
Cap Rate 9%
$811,456
Alternative Uses
Best Use
Self Storage
$1.91M
$1.67M – $2.22M
NOI $133,384 @ 7.0% cap · market cap 14.84%
Second Best
Flex RnD
$1.86M
$1.63M – $2.17M
NOI $130,412 @ 7.0% cap · market cap 14.51%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,880 @ 7.0% cap · market cap 24.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Commercially zoned property with warehouse, flex, storage, and light manufacturing use potential.
Where is this self storage facility located?
The property is located at 218 Washington Street Menasha, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 14,752 SF self storage facility; Built in 1947; Commercial zoning
