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    Heated Storage Condo with Private Entry Title is generated by Realmo AI

    747 E Mallwood Drive, Edgerton, WI 53534

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    For Sale
    $134,900

    Commercial Condo,Warehouse - Edgerton, WI

    Type:Condominium
    Property size:
    1,200 SF
    Price / SF:
    $112/SF
    Added:
    Mar 4, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 747 E Mallwood Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Zoning
    Comm/Condo
    Parking features
    Paved or Surfaced
    Interior features
    Overhead doors, Inside storage
    Exterior features
    Security fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    Not assigned

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    0

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    10
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Sweeney

    Listing agent Christine Sweeney

    Listing office Pat's Realty Inc 16 W Fulton St, Edgerton, WI

    Listing date Mar 4, 2026

    MLS# 2017093 Listing URL

    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.

    HighLights

    • Ownable Condo Storage: Purchase a 1200 sq ft storage unit.
    • Heated, Insulated, and Plumbed: The unit is equipped with heating and insulation and has plumbing for a convenient 1/2 bath with utility sink.
    • 14' Insulated Steel Garage Door: Features a large insulated garage door for easy access.
    • 100 Amp Service and Reinforced Concrete Floors: Provides ample power and durable flooring.
    • Flexible Usage: Suitable for personal or business storage needs.
    • Low HOA Fee: Enjoy a low monthly HOA fee of only $60.

    Overview

    This offering is for Condo Storage Unit #5 in Building #3 within a new-build self-storage development. Each unit is sold separately and provides 1,200 square feet of heated, insulated space with reinforced concrete floors. The unit includes a plumbed 1/2 bath with a utility sink, along with a 100 amp electrical service. Access is via a 14' insulated steel garage door, and each unit has its own private entry into the storage space. The units are not permitted for living use, and the listing notes that the concrete floors are not finished with epoxy as shown in the photo.

    Located at 747 E Mallwood Drive in Edgerton, Wisconsin (Rock County), the property is positioned as a condo-style storage option you can own rather than rent. The new building is slated to be ready by mid-July 2026. Property taxes are listed as TBD, and the HOA fee is noted as $60 per month, reflecting the condominium community structure.

    With a configuration designed for secure, self-contained storage, this unit is well suited for vehicle, boat, and recreational storage, as well as business-related storage needs. Because the space is heated and includes an in-unit half bath plumbing, it can support more comfortable year-round organization and handling of stored items while remaining consistent with the no-living-in-the-units requirement.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $11.5k $9.60
    − Vacancy −$806 −$0.67
    EGI $10.7k $8.93
    − OpEx −$3.2k −$2.68
    NOI $7.5k $6.25
    1,200 SF · lease $9.60/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $107.1K
    $93.8K – $125.0K (±1% cap)
    NOI $7,500 @ 7.0% cap · market cap 5.56%
    Second Best
    Warehouse
    $54.1K
    $47.3K – $63.1K (±1% cap)
    NOI $3,787 @ 7.0% cap · market cap 2.81%
    Theoretical Best
    Office A
    $288.4K
    $252.3K – $336.4K (±1% cap)
    NOI $20,186 @ 7.0% cap · market cap 14.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Bar & Pub HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgerton
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.019289
    Latitude
    42.833171

    FAQs

    What type of property is this?
    Self storage facility - Own a heated, insulated storage condo with a private entry and large insulated steel garage door for personal or business storage.
    Where is this self storage facility located?
    The property is located at 747 E Mallwood Drive 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: Ownable Condo Storage: Purchase a 1200 sq ft storage unit.; Heated, Insulated, and Plumbed: The unit is equipped with heating and insulation and has plumbing for a convenient 1/2 bath with utility sink.; 14' Insulated Steel Garage Door: Features a large insulated garage door for easy access.
    (608) 884-4311
    We can help!
    Listing Contact
    Christine Sweeney
    Real Estate License ID: 52488-90
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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