Self-Storage Unit with Overhead
New
For Sale
$99,900
730 Jefferson Street, Lake Mills, WI 53551
Business/Comm, Lake Mills, WI
Property Size600 SF
Price / SF$166.50
Days on Market1
Property Features for 730 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commerical
Lot features
Free standing, Industrial park, Near Major Highway
Directions
I-94 to Hwy 89 South, Left on East Lake Street, Right on S CP Ave., Right on Jefferson Street, at corner of CP & Jefferson
Subdivision
LAKE MILLS - C
Standard status
Active
APN
246-0713-1313-051
Size
600 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
563
Amenities
onsite bathroom
community room
Building Details
Year built
2024
Number of units
12
Roof type
Composition
Listing Agency:
Stark Company, REALTORS
(608) 837-7345
Listed By:
Ryan Spiess
(608) 220-8584
Added: Sep 8
Last Checked: Sep 8 at 7:06PM
MLS# 2032158
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.
Investment Insights
Based on property information with market context.
Unit B1 is a 600-square-foot self-storage space measuring 20 x 30 feet, with a 14-foot overhead door for access. The unit includes electrical service, an onsite bathroom, and access to a community room. Built in 2024, the property has a composition roof and is located at 730 Jefferson Street in Lake Mills, Wisconsin.
Key Highlights
- 600 square feet with 20 x 30 dimensions
- 14‑foot overhead door
- Electrical service in Unit B1
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
$6,637
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
6.64%
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%
$132,740
$132.7K
Cap Rate 7%
$94,814
$94.8K
Cap Rate 9%
$73,744
$73.7K
Market Conditions
NOI Build-Up for 600 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
$8.3K $13.80/SF
− Vacancy
−$472 −$0.79/SF
EGI
$7.8K $13.01/SF
− OpEx
−$1.2K −$1.95/SF
NOI
$6.6K $11.06/SF
Area
Jefferson County, WI
Vacancy
5.70%
Lease Rate
$13.80 /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%
$132,740
Cap Rate 7%
$94,814
Cap Rate 9%
$73,744
Alternative Uses
Best Use
Warehouse
$94.8K
$83.0K – $110.6K
NOI $6,637 @ 7.0% cap · market cap 6.64%
Second Best
Self Storage
$66.2K
$58.0K – $77.3K
NOI $4,637 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 53551, WI
8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
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 storage space with dedicated electrical service, bathroom access, and use of a community room.
Where is this self storage facility located?
The property is located at 730 Jefferson Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 600 square feet with 20 x 30 dimensions; 14‑foot overhead door; Electrical service in Unit B1
