Storage Condo with Overhead
For Sale
$179,900
53-6364 Cross Road, Winneconne, WI 54986
Executive storage condo designed for secure, lock-and-leave storage with an oversized overhead door and vehicle access lanes.
Property Size1,536 SF
Price / SF$117.12
Days on Market180
Property Features for 53-6364 Cross Road
General Information
Standard status
Active
Size
1,536 SF
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Listing Agency:
Beiser Realty, LLC
(920) 379-4531
Listed By:
Dennis M. Biggar · License #9056064
(920) 379-4531
Source:
Exprealty
Added: Feb 13
Changed: Jul 10
Last Checked: Aug 11 at 12:23PM
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 Beiser Realty, LLC
Investment Insights
Based on property information with market context.
This all-new storage condominium unit is designed for true lock-and-leave ownership, with a layout suited to storing RVs, boats, vehicles, and other recreational items. The Executive B Unit offers a spacious footprint with 16' exterior wall height and a 14' x 14' overhead door for straightforward vehicle and equipment access.
The property is served by extra-wide private roads and 24' driveways that are intended to support easy maneuvering into and out of the unit. The condo association manages road upkeep and a water system sourced from the pump house to the properties, aiming to keep ongoing ownership responsibilities streamlined.
For owners looking for a purpose-built storage setup, this unit’s combination of height, overhead door size, and on-site drive access supports practical, everyday storage use. Buyers considering a storage condo can also factor in the association-provided maintenance approach for the road and water system tied to the community.
The property is served by extra-wide private roads and 24' driveways that are intended to support easy maneuvering into and out of the unit. The condo association manages road upkeep and a water system sourced from the pump house to the properties, aiming to keep ongoing ownership responsibilities streamlined.
For owners looking for a purpose-built storage setup, this unit’s combination of height, overhead door size, and on-site drive access supports practical, everyday storage use. Buyers considering a storage condo can also factor in the association-provided maintenance approach for the road and water system tied to the community.
Key Highlights
- Executive B storage condo with 32' x 48' footprint and 16' exterior wall height.
- 14' x 14' overhead door for vehicle and storage access.
- 28' private roads and 24' driveways for easier entry and maneuvering.
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
$13,888
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
7.72%
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%
$277,760
$277.8K
Cap Rate 7%
$198,400
$198.4K
Cap Rate 9%
$154,311
$154.3K
Market Conditions
NOI Build-Up for 1,536 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
$21.6K $14.04/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$19.8K $12.92/SF
− OpEx
−$6.0K −$3.88/SF
NOI
$13.9K $9.04/SF
Area
Winnebago County, WI
Vacancy
8.00%
Lease Rate
$14.04 /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%
$277,760
Cap Rate 7%
$198,400
Cap Rate 9%
$154,311
Alternative Uses
Best Use
Self Storage
$198.4K
$173.6K – $231.5K
NOI $13,888 @ 7.0% cap · market cap 7.72%
Second Best
Warehouse
$131.9K
$115.4K – $153.9K
NOI $9,234 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 54986, WI
5,138
Population
2,628
Households
2
Avg Household Size
49
Median Age
31%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
177
Density / Sq Mi
$90,479
Median Household Income
$55,862
Median Earnings
$905
Median Rent
$280,500
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 - Executive storage condo designed for secure, lock-and-leave storage with an oversized overhead door and vehicle access lanes.
Where is this self storage facility located?
The property is located at 53-6364 Cross Road Winneconne, WI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Executive B storage condo with 32' x 48' footprint and 16' exterior wall height.; 14' x 14' overhead door for vehicle and storage access.; 28' private roads and 24' driveways for easier entry and maneuvering.
