Self-Storage Condo with Garage
For Sale
$134,900
747 E Mallwood Dr Unit 5, Edgerton, WI 53534
Private, heated storage condominium with business-use storage capability and dedicated access.
Property Size1,200 SF
Price / SF$112.42
Days on Market51
Property Features for 747 E Mallwood Dr Unit 5
General Information
Standard status
Active
Size
1,200 SF
Warehouse & Industrial
Warehouse Space
1,200 SF
Drive-In Doors
1
Power
100 amps
Self-Storage Units
1
Building Details
Year Built
2026
Listing Agency:
Pat's Realty Inc
(608) 884-4311
Listed By:
Christine Sweeney · License #52488-90
Source:
Holtrealestateteam
Added: Jul 12
Changed: Aug 30
Last Checked: Aug 30 at 11:43PM
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 Pat's Realty Inc
Investment Insights
Based on property information with market context.
Unit 5 in Building 3 is a 1,200-square-foot self-storage condominium at 747 E Mallwood Dr in Edgerton, Wisconsin. The new building is scheduled for completion by mid-July 2026, offering an ownership alternative for personal or business storage. Residential occupancy is not permitted.
The unit is heated and insulated, with a 14-foot insulated steel garage door, private entry, 100-amp electrical service, and reinforced concrete flooring. Plumbing is installed for a half bath and utility sink. The concrete floor is unfinished and does not include epoxy coating. Property taxes are to be determined.
The unit is heated and insulated, with a 14-foot insulated steel garage door, private entry, 100-amp electrical service, and reinforced concrete flooring. Plumbing is installed for a half bath and utility sink. The concrete floor is unfinished and does not include epoxy coating. Property taxes are to be determined.
Key Highlights
- 1,200‑square‑foot storage condominium in Unit 5, Building 3
- Heated and insulated unit with private entry
- 14‑foot insulated steel garage 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
$7,500
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
5.56%
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%
$150,000
$150.0K
Cap Rate 7%
$107,143
$107.1K
Cap Rate 9%
$83,333
$83.3K
Market Conditions
NOI Build-Up for 1,200 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
$11.5K $9.60/SF
− Vacancy
−$806 −$0.67/SF
EGI
$10.7K $8.93/SF
− OpEx
−$3.2K −$2.68/SF
NOI
$7.5K $6.25/SF
Area
Rock County, WI
Vacancy
7.00%
Lease Rate
$9.60 /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%
$150,000
Cap Rate 7%
$107,143
Cap Rate 9%
$83,333
Alternative Uses
Best Use
Self Storage
$107.1K
$93.8K – $125.0K
NOI $7,500 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$54.1K
$47.3K – $63.1K
NOI $3,787 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,186 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 53534, WI
12,752
Population
5,982
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
85.2 sq mi
ZIP Area
150
Density / Sq Mi
$94,250
Median Household Income
$53,109
Median Earnings
$1,102
Median Rent
$280,100
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 - Private, heated storage condominium with business-use storage capability and dedicated access.
Where is this self storage facility located?
The property is located at 747 E Mallwood Dr Unit 5 Edgerton, WI.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: 1,200‑square‑foot storage condominium in Unit 5, Building 3; Heated and insulated unit with private entry; 14‑foot insulated steel garage door
