Self-Storage Facility with Outdoor
For Sale
$699,000
2285 Northern Rd, Neenah, WI 54956
Two buildings offer reconfigurable storage units and space for vehicles, trailers, and additional tenant parking.
Property Size7,200 SF
Lot Size3.21 Acres
Price / SF$97.08
Days on Market89
Property Features for 2285 Northern Rd
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
8
Lot size
3.21 Acres
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Self-Storage Units
51
Building Details
Year Built
2011
Buildings
2
Listing Agency:
KPR Brokers, LLC
Listed By:
Ann M. Babl · License #1358494
(715) 572-1747
Source:
Moving2greenbay
Added: Jul 18
Changed: Oct 11
Last Checked: Oct 7 at 3:05PM
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 KPR Brokers, LLC
Investment Insights
Based on property information with market context.
Built in 2011, this self-storage property includes two storage buildings across 3.21 acres. The facility contains 51 units and garage doors, with 46 leased spaces arranged through multiple configurations. Removable interior walls support combinations of 10x30, 10x20, and 10x10 units. Eight outdoor parking spaces accommodate vehicles and trailers, with one currently leased.
The property is located at 2285 Northern Rd in Neenah, at the Appleton gateway and just off I-41. Wisconsin Department of Transportation traffic counts on I-41 are approximately 83,600 vehicles per day, providing a highly accessible location for storage users. The land area and flexible unit layout provide additional operational adaptability.
The property is located at 2285 Northern Rd in Neenah, at the Appleton gateway and just off I-41. Wisconsin Department of Transportation traffic counts on I-41 are approximately 83,600 vehicles per day, providing a highly accessible location for storage users. The land area and flexible unit layout provide additional operational adaptability.
Key Highlights
- 3.21‑acre self‑storage property with two storage buildings
- 51 total units and garage doors, including 46 leased spaces
- Unit mix includes 10x30, 10x20, and 10x10 configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,282
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,640
$865.6K
Cap Rate 7%
$618,314
$618.3K
Cap Rate 9%
$480,911
$480.9K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$56.2K $7.80/SF
− Vacancy
−$5.2K −$0.73/SF
EGI
$50.9K $7.07/SF
− OpEx
−$7.6K −$1.06/SF
NOI
$43.3K $6.01/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,640
Cap Rate 7%
$618,314
Cap Rate 9%
$480,911
Alternative Uses
Best Use
Self Storage
$930.0K
$813.8K – $1.09M
NOI $65,101 @ 7.0% cap · market cap 9.31%
Second Best
Warehouse
$618.3K
$541.0K – $721.4K
NOI $43,282 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,781 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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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 - Two buildings offer reconfigurable storage units and space for vehicles, trailers, and additional tenant parking.
Where is this self storage facility located?
The property is located at 2285 Northern Rd Neenah, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3.21‑acre self‑storage property with two storage buildings; 51 total units and garage doors, including 46 leased spaces; Unit mix includes 10x30, 10x20, and 10x10 configurations
