Warehouse Storage
For Sale
$189,900
67-6364 Cross Road, Winneconne, WI 54986
New private storage unit for RVs, boats, vehicles, and recreational equipment.
Property Size1,536 SF
Price / SF$123.63
Days on Market209
Property Features for 67-6364 Cross Road
General Information
Standard status
Active
Size
1,536 SF
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: Sep 2
Last Checked: Sep 10 at 12:39PM
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.
The Executive B Unit is a newly constructed warehouse-style storage condo intended for private ownership and secure storage. The unit measures 32 feet by 48 feet, with a 16-foot exterior wall height and a 14-foot by 14-foot overhead door. The configuration accommodates RVs, boats, vehicles, recreational equipment, and similar stored assets.
Access is supported by extra-wide private roads measuring 28 feet and driveways measuring 24 feet. The Condo Association manages road upkeep and maintains the water system from the pump house to the property, simplifying ongoing ownership responsibilities. The property is located at 67-6364 Cross Road in Winneconne, Wisconsin.
Access is supported by extra-wide private roads measuring 28 feet and driveways measuring 24 feet. The Condo Association manages road upkeep and maintains the water system from the pump house to the property, simplifying ongoing ownership responsibilities. The property is located at 67-6364 Cross Road in Winneconne, Wisconsin.
Key Highlights
- Executive B Unit measures 32' x 48'
- 16' exterior wall height
- 14' x 14' overhead door
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
$9,234
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
4.86%
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%
$184,680
$184.7K
Cap Rate 7%
$131,914
$131.9K
Cap Rate 9%
$102,600
$102.6K
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
$12.0K $7.80/SF
− Vacancy
−$1.1K −$0.73/SF
EGI
$10.9K $7.07/SF
− OpEx
−$1.6K −$1.06/SF
NOI
$9.2K $6.01/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /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%
$184,680
Cap Rate 7%
$131,914
Cap Rate 9%
$102,600
Alternative Uses
Best Use
Warehouse
$131.9K
$115.4K – $153.9K
NOI $9,234 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- The Storage Place, LLC — 6392 Cross Rd, Winneconne, WI 54986
Frequently Asked Questions
What type of property is this?
Warehouse - New private storage unit for RVs, boats, vehicles, and recreational equipment.
Where is this warehouse located?
The property is located at 67-6364 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 B Unit measures 32' x 48'; 16' exterior wall height; 14' x 14' overhead door
