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    3123 Nightfall Ln Rhinelander, WI 54501

    For Sale
    $715,000

    Prime WI storage complex, high occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Exceptional investment opportunity: a well-established storage unit complex in Rhinelander, Wisconsin, is available for $715,000. This property boasts 2 acres of land and includes nine buildings containing a total of 51 storage units. The unit sizes are diverse, catering to a wide range of needs: four 10x14 ft units, ten 10x12 ft units, and thirty-seven 10x24 ft units. Currently, all units are fully rented, ensuring immediate cash flow for the new owner. Beyond the storage units, the property includes several valuable outbuildings. These include a 24x24 ft garage with a concrete floor, a 32x32 ft heated shop featuring concrete flooring, insulation, drywall, a 60-gallon air compressor, a welder outlet, and a small office space. There's also a 40x40 ft unheated raw shop with a concrete floor, and a 36x60 ft building rebuilt in 2021 on original footings with a gravel floor. This versatile complex is conveniently located minutes from Rhinelander, offering easy access and strong potential for continued growth and profitability. The property's location is easily accessible via WI-17 S, US-8 W, County Rd G, Sunset Dr, and Nightfall Ln. This is a turnkey operation with immediate rental income and significant upside potential. Don't miss this chance to acquire a thriving, income-producing asset in a desirable location.

    Property Features for 3123 Nightfall Ln

    General Information

    Property type
    Distribution properties

    HighLights

    • $715,000 asking price.
    • Industrial land with warehouse buildings totaling 2 acres in Rhinelander, WI.
    • 51 fully rented storage units (various sizes), generating immediate cash flow.
    • Includes a 24x24 garage, 32x32 heated shop, and a 40x40 unheated shop.
    • Also features a 36x60 building rebuilt in 2021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Rhinelander
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.3996596
    Latitude
    45.615481

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    FAQs

    What type of property is this?
    Distribution property - Prime WI storage complex, high occupancy.
    Where is this distribution property located?
    The property is located at 3123 Nightfall Ln Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $715,000.
    What are key features of this property?
    This property features: $715,000 asking price.; Industrial land with warehouse buildings totaling 2 acres in Rhinelander, WI.; 51 fully rented storage units (various sizes), generating immediate cash flow.
    Request Owner's contact information
    3123 Nightfall Ln Rhinelander, WI 54501
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    Realmo Value Estimation

    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

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    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.

    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
    3123 Nightfall Ln Rhinelander, WI 54501
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