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 Market98
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) 560-5061
Source:
Crexi
Added: Jul 30
Changed: Oct 25
Last Checked: Nov 3 at 5:02AM
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
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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 / Yr
$73,031
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Midwest region
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
