Gated Motor Storage
For Sale
$294,900
2727 French Rd Unit #20, De Pere, WI 54115
Customizable enclosed storage units serve motor and recreational vehicle owners with utilities, security, and shared amenities.
Property Size2,560 SF
Price / SF$115.20
Days on Market20
Property Features for 2727 French Rd Unit #20
General Information
Standard status
Active
Size
2,560 SF
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18.5 ft
Power
200 amps
Amenities
clubhouse
complimentary wash bay
Noke access system
multi-camera security system
Building Details
Year Built
2026
Listing Agency:
RLT Real Estate LLC
(920) 471-5587
Listed By:
Casey L. Ladowski · License #90-56567
Source:
Lisakawula
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 10:48AM
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 RLT Real Estate LLC
Investment Insights
Based on property information with market context.
Overdrive Motor Condos is a planned self-storage facility at 2727 French Rd in De Pere, Wisconsin. The project offers enclosed units ranging from 32'x30' to 32'x80', with the referenced property size listed at 2,560 SF. Each unit is designed with 18.5' ceilings, a 16'x14' overhead door, 200-Amp electrical panels, insulated steel ceilings, drywall interior walls, and 5" concrete flatwork. Full gas, electric, sewer, and water service is included, along with soundproofing and customizable mezzanine build-outs.
The gated community will use the Noke access system and a multi-camera security system. Shared features include a clubhouse with games and entertainment plus a complimentary wash bay. The property is identified as Unit #20 and carries a 2026 year built designation.
The gated community will use the Noke access system and a multi-camera security system. Shared features include a clubhouse with games and entertainment plus a complimentary wash bay. The property is identified as Unit #20 and carries a 2026 year built designation.
Key Highlights
- Enclosed unit options range from 32'x30' to 32'x80'
- 2,560 SF property size listed for Unit #20
- 18.5' ceiling heights with 16'x14' overhead doors
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
$21,762
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
7.38%
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%
$435,240
$435.2K
Cap Rate 7%
$310,886
$310.9K
Cap Rate 9%
$241,800
$241.8K
Market Conditions
NOI Build-Up for 2,560 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
$33.8K $13.20/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$31.1K $12.14/SF
− OpEx
−$9.3K −$3.64/SF
NOI
$21.8K $8.50/SF
Area
Brown County, WI
Vacancy
8.00%
Lease Rate
$13.20 /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%
$435,240
Cap Rate 7%
$310,886
Cap Rate 9%
$241,800
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.50M
NOI $149,847 @ 7.0% cap · market cap 50.81%
Second Best
Self Storage
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 7.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Customizable enclosed storage units serve motor and recreational vehicle owners with utilities, security, and shared amenities.
Where is this self storage facility located?
The property is located at 2727 French Rd Unit #20 De Pere, WI.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Enclosed unit options range from 32'x30' to 32'x80'; 2,560 SF property size listed for Unit #20; 18.5' ceiling heights with 16'x14' overhead doors
