Luxury Storage Condo with
For Sale
Contact for pricing
Liberty Dr Unit 210, Verona, WI 53593
Storage condo in Verona with clubhouse, near Madison and Fitchburg.
Property Size1,000 SF
Price / SF$244.90
Days on Market980
Property Features for Liberty Dr Unit 210
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Industrial, Self Storage, Special Purpose
Zoning
SI
Building Details
Year Built
2025
Buildings
2
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Keith and Kinsey Real Estate
Listed By:
Keith Schulz · License #WI 57256-90
(608) 492-2272
Source:
Crexi
Added: Feb 23, 2024
Changed: Oct 25
Last Checked: Oct 28 at 5:03AM
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 Keith and Kinsey Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This luxury storage condo is located in Verona's Liberty Park, just outside of Madison and Fitchburg. The available unit is 25x40 (nominal dimensions). Other sizes available are 25'x50', 50'x40', 50'x50'. The development is designed for hobbyists, motorsports enthusiasts, watersports enthusiasts, or those needing extra space for storage and hobbies. Owners can connect with like-minded individuals and enjoy the clubhouse, which features two bathrooms, a kitchen/bar space, a conference table, a lounge area, and a rec area. Units include individual furnaces, a 125 amp panel, separate utility metering, and bathroom rough-ins. Owners have the flexibility to add mezzanines, lifts, and epoxy floors. Asphalt topcoat and landscaping are scheduled for completion this spring.
Key Highlights
- Luxury storage condo with clubhouse in Verona's Liberty Park.
- Geared towards hobbyists and motorsports/watersports enthusiasts.
- Clubhouse with bathrooms, kitchen/bar, conference table, lounge, and rec area.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,818
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,360
$196.4K
Cap Rate 7%
$140,257
$140.3K
Cap Rate 9%
$109,089
$109.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$14.4K $14.40/SF
− Vacancy
−$374 −$0.37/SF
EGI
$14.0K $14.03/SF
− OpEx
−$4.2K −$4.21/SF
NOI
$9.8K $9.82/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,360
Cap Rate 7%
$140,257
Cap Rate 9%
$109,089
Alternative Uses
Best Use
Industrial
$140.3K
$122.7K – $163.6K
NOI $9,818 @ 7.0% cap · market cap 4.01%
Second Best
Self Storage
$124.1K
$108.6K – $144.8K
NOI $8,686 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$232.4K
$203.3K – $271.1K
NOI $16,267 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 53593, WI
28,232
Population
12,583
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
99%
High-School Grad
76.2 sq mi
ZIP Area
370
Density / Sq Mi
$135,699
Median Household Income
$74,356
Median Earnings
$1,530
Median Rent
$464,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage condo in Verona with clubhouse, near Madison and Fitchburg.
Where is this self storage facility located?
The property is located at Liberty Dr Unit 210 Verona, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Luxury storage condo with clubhouse in Verona's Liberty Park.; Geared towards hobbyists and motorsports/watersports enthusiasts.; Clubhouse with bathrooms, kitchen/bar, conference table, lounge, and rec area.**
