Climate-Controlled Self Storage
For Sale
$5,000,000
801 E Centralia St, Elkhorn, WI 53121
Self-storage property with multiple storage formats, outdoor parking, and access from Interstate 43.
Property Size42,066 SF
Price / SF$118.86
Days on Market51
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Property Features for 801 E Centralia St
General Information
Standard status
Active
Size
42,066 SF
Property subtype
Self-Storage Facility
Occupancy
91%
Additional Details
Cap Rate
6.85%
Highway Access
Yes
Amenities
Assumable SBA 504 Financing
Operational Upside
Expansion Potential
Strategic I-43 Location
Favorable Demographics
Building Details
Building Size
42,066 SF
Year Built
2016
Listed By:
Jon Silvers · License #License(s): IL: 475.212716, WI: 112459-94
(630) 570-2206
Source:
Marcusmillichap
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 14 at 7:47PM
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 Jon Silvers
Investment Insights
Based on property information with market context.
This self-storage facility, constructed in 2016, contains 42,066 square feet and supports several customer storage formats. The property includes both climate-controlled and conventional storage units, along with outdoor parking areas.
Located at 801 E Centralia St in Elkhorn, Wisconsin, the facility is accessible from Interstate 43. The offering also reflects a 6.85% cap rate and an income-producing operating profile.
Located at 801 E Centralia St in Elkhorn, Wisconsin, the facility is accessible from Interstate 43. The offering also reflects a 6.85% cap rate and an income-producing operating profile.
Key Highlights
- 42,066‑square‑foot self‑storage facility
- Built in 2016
- Includes climate‑controlled and non‑climate‑controlled storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$426,499
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,529,980
$8.5M
Cap Rate 7%
$6,092,843
$6.1M
Cap Rate 9%
$4,738,878
$4.7M
Market Conditions
NOI Build-Up for 42,066 SF
Gross rent
$504.8K $12.00/SF
− Vacancy
−$3.0K −$0.07/SF
EGI
$501.8K $11.93/SF
− OpEx
−$75.3K −$1.79/SF
NOI
$426.5K $10.14/SF
Area
Walworth County, WI
Vacancy
0.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,529,980
Cap Rate 7%
$6,092,843
Cap Rate 9%
$4,738,878
Alternative Uses
Best Use
Warehouse
$6.09M
$5.33M – $7.11M
NOI $426,499 @ 7.0% cap · market cap 8.53%
Second Best
Self Storage
$5.69M
$4.98M – $6.64M
NOI $398,584 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$8.12M
$7.10M – $9.47M
NOI $568,270 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 53121, WI
19,222
Population
8,397
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
114.4 sq mi
ZIP Area
168
Density / Sq Mi
$83,635
Median Household Income
$45,112
Median Earnings
$1,031
Median Rent
$287,900
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
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage property with multiple storage formats, outdoor parking, and access from Interstate 43.
Where is this self storage facility located?
The property is located at 801 E Centralia St Elkhorn, WI.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 42,066‑square‑foot self‑storage facility; Built in 2016; Includes climate‑controlled and non‑climate‑controlled storage
