Commercial Self-Storage Warehouse
For Sale
$200,000
288 West St, Fremont, WI 54940
Commercial, non-retail storage unit available in two sizes, with association-covered lawn and snow maintenance.
Property Size2,560 SF
Price / SF$78.13
Days on Market184
Property Features for 288 West St
General Information
Standard status
Active
Size
2,560 SF
Additional Details
Highway Access
Yes
Listing Agency:
Ridge Creek Realty
Listed By:
Edward Sauer
(262) 573-5670
Source:
Exprealty
Added: Mar 6
Changed: Sep 4
Last Checked: Sep 5 at 2:09PM
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 Ridge Creek Realty
Investment Insights
Based on property information with market context.
This for-sale self-storage and warehouse unit is offered with two size options to fit different storage or workspace needs. The extra-large model is described as 40 x 64 feet, with a 40 x 40 option also available. The space is positioned for practical use either to store personal items or to support a trade business, with zoning specified as commercial use (non-retail).
The property is located at 288 West St in Fremont, WI, and is described as being off Highway 10. An $75 per month association fee is noted, and the remarks state that lawn maintenance and snow removal are handled as part of that association fee. The property is presented with zoning questions directed to the listing for confirmation on intended use within the stated non-retail commercial zoning.
The property is located at 288 West St in Fremont, WI, and is described as being off Highway 10. An $75 per month association fee is noted, and the remarks state that lawn maintenance and snow removal are handled as part of that association fee. The property is presented with zoning questions directed to the listing for confirmation on intended use within the stated non-retail commercial zoning.
Key Highlights
- Commercial, non‑retail storage unit available for commercial use (trade business) or personal use
- Extra‑large unit size: 40 x 64 ft (2,560 SF) with “40’ x 40’ also available”
- 40’ x 40’ unit price noted at $165,000
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
$18,272
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
9.14%
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%
$365,440
$365.4K
Cap Rate 7%
$261,029
$261.0K
Cap Rate 9%
$203,022
$203.0K
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
$23.0K $9.00/SF
− Vacancy
−$1.5K −$0.60/SF
EGI
$21.5K $8.40/SF
− OpEx
−$3.2K −$1.26/SF
NOI
$18.3K $7.14/SF
Area
Waupaca County, WI
Vacancy
6.70%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$365,440
Cap Rate 7%
$261,029
Cap Rate 9%
$203,022
Alternative Uses
Best Use
Self Storage
$284.2K
$248.6K – $331.5K
NOI $19,891 @ 7.0% cap · market cap 9.95%
Second Best
Warehouse
$261.0K
$228.4K – $304.5K
NOI $18,272 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 54940, WI
4,219
Population
2,142
Households
2
Avg Household Size
50
Median Age
26%
College-Educated
95%
High-School Grad
90.5 sq mi
ZIP Area
47
Density / Sq Mi
$87,900
Median Household Income
$50,699
Median Earnings
$980
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Commercial, non-retail storage unit available in two sizes, with association-covered lawn and snow maintenance.
Where is this self storage facility located?
The property is located at 288 West St Fremont, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Commercial, non‑retail storage unit available for commercial use (trade business) or personal use; Extra‑large unit size: 40 x 64 ft (2,560 SF) with “40’ x 40’ also available”; 40’ x 40’ unit price noted at $165,000
