Storage Condo with Oversized
For Sale
$189,900
54-6364 Cross Road, Winneconne, WI 54986
Executive storage condo built for secure, lock-and-leave storage of RVs, boats, vehicles, and other recreational items.
Property Size1,536 SF
Price / SF$123.63
Days on Market209
Property Features for 54-6364 Cross Road
General Information
Standard status
Active
Size
1,536 SF
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$49
Listing Agency:
Beiser Realty, LLC
(920) 582-4011
Listed By:
Dennis M. Biggar · License #9056064
(920) 379-4531
Source:
Exprealty
Added: Feb 13
Changed: Aug 21
Last Checked: Sep 9 at 8:34PM
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 for-sale storage condo is part of an all-new, purpose-built storage community designed around true lock-and-leave ownership. The Executive B Unit provides a 32' x 48' storage footprint with a 16' exterior wall height and a 14' x 14' overhead door for vehicle and recreational equipment access. The property is positioned within a controlled, clean storage environment intended to support owners storing items such as RVs, boats, and recreational toys.
Access is supported by extra-wide 28' private roads and 24' driveways, which are intended to simplify vehicle maneuvering within the site. The condo association is stated to handle road upkeep and the water system from the pump house to each property, which is described as simplifying ownership and maintenance.
This unit is well suited for buyers who want private, dedicated storage with direct overhead door access and sufficient clearance for larger recreational and specialty vehicles. If your use requires convenient, secure space to store equipment outside of a residential setting, the Executive B configuration and drive access details make the layout practical for day-to-day use.
Access is supported by extra-wide 28' private roads and 24' driveways, which are intended to simplify vehicle maneuvering within the site. The condo association is stated to handle road upkeep and the water system from the pump house to each property, which is described as simplifying ownership and maintenance.
This unit is well suited for buyers who want private, dedicated storage with direct overhead door access and sufficient clearance for larger recreational and specialty vehicles. If your use requires convenient, secure space to store equipment outside of a residential setting, the Executive B configuration and drive access details make the layout practical for day-to-day use.
Key Highlights
- Executive storage condo unit with 32' x 48' spacious footprint
- 16' exterior wall height with a 14' x 14' overhead door
- Extra‑wide 28' private roads and 24' driveways for easier RV/vehicle 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
7.31%
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 7.31%
Second Best
Industrial
$108.6K
$95.1K – $126.7K
NOI $7,604 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
5
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
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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 - Executive storage condo built for secure, lock-and-leave storage of RVs, boats, vehicles, and other recreational items.
Where is this self storage facility located?
The property is located at 54-6364 Cross Road Winneconne, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Executive storage condo unit with 32' x 48' spacious footprint; 16' exterior wall height with a 14' x 14' overhead door; Extra‑wide 28' private roads and 24' driveways for easier RV/vehicle maneuvering
