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    Versatile Automotive and Storage Building Title is generated by Realmo AI

    302 Galena Road, Footville, WI 53548

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    For Sale
    $160,000

    Automotive,Other,Self storage,Warehouse - Footville, WI

    Property size:
    1,600 SF
    Price / SF:
    $100/SF
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 302 Galena Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    Overhead doors
    Standard status
    Active
    APN
    126 015009

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1855

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Building materials
    Concrete
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Beth Hanthorn
    Beth Hanthorn

    Listing agent Beth Hanthorn

    Listing office Century 21 Affiliated 2715 Kennedy Rd Ste 100, Madison, WI

    Listing date Mar 3, 2026

    MLS# 2017643 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly visible corner lot location.
    • Two separate bays with garage door entrances offer flexibility and income potential.
    • Larger bay equipped with air compressors, half bath, office, and workshop.
    • Durable concrete construction with unique arched roofline.
    • New furnace for improved heating efficiency.
    • Currently generating rental income from one bay.

    Overview

    This versatile commercial building is constructed primarily of concrete and designed for practical, multi-bay operations. The arched roofline provides distinctive character, while the layout includes two separate one-car garage door entrances that support flexible use configurations. Inside the larger bay, there are two air compressors, a half bath, a dedicated entry office area, and a spacious workshop space suitable for automotive, trade, or light industrial activity. The second bay is a one-car garage space that is currently rented for car storage, which can provide immediate income potential.

    Set on a highly visible corner lot, the property benefits from a straightforward customer and operational approach for tenants or operators. The site’s two separate garage-door access points add convenience for handling vehicles, equipment, and day-to-day workflow. A new furnace is also noted, supporting improved efficiency and year-round comfort.

    For buyers seeking an owner-operator setup, this configuration offers a functional workspace with an office while maintaining a separate bay that can be used, leased, or adapted for additional income. Investors may find the existing rented car storage arrangement appealing, alongside the building’s overall versatility for automotive-adjacent and light industrial users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Evergreen Mini Storages - Footville — 24 Galena Ln, Janesville, WI 53548
    • Sharon's Storage — 427 Gilbert St, Janesville, WI 53548

    Location Insight

    • Map
    • Local Demand
    City
    Footville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.211865
    Latitude
    42.672168

    Nearby Similar for Sale

    • $160,000
      1,638 SF

      Corner Lot Commercial Building

      Versatile commercial building on a highly visible corner lot.
      302 Galena Road, Footville, WI 53548
      View Details
    • $284,900
      2,402 SF

      Janesville Duplex Investment Opportunity

      Spacious 3-bedroom units near downtown Janesville.
      306-308 West Centre Street, Footville, WI 53537
      View Details

    FAQs

    What type of property is this?
    Warehouse - Durable concrete structure with two garage-door bays and office space, suited for automotive, trade, or light industrial use.
    Where is this warehouse located?
    The property is located at 302 Galena Road Footville, WI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Highly visible corner lot location.; Two separate bays with garage door entrances offer flexibility and income potential.; Larger bay equipped with air compressors, half bath, office, and workshop.
    (608) 346-8189
    We can help!
    Listing Contact
    Beth Hanthorn
    Beth Hanthorn
    Real Estate License ID: 53106-90
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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