Garage Condo Storage with Oversized
LT0 Hobbs Dr Delavan, WI 53115
LT0 Hobbs Dr, Delavan, WI, 53115
$2,800,000
For Sale
$2,800,000
New construction garage condo storage units with oversized 12' x 14' doors and customizable interior options.
Property Size20,000 SF
Price / SF$140
Days on Market154
Property Features for LT0 Hobbs Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
Listing agency
Anderson Commercial Group, LLC
(414) 425-2700
Listed by
Kristen Parks · License #9034194
(414) 550-8925
Source
Exprealty
Added: Feb 18 Updated: Jul 22 at 1:05AM Checked: Jul 22 at 8:22AM
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 Anderson Commercial Group, LLC
Investment Insights
Based on property information with market context.
Now available at 2008 Hobbs Drive in Delavan, Wisconsin, this newly constructed, energy-efficient garage condo storage property is presented as smart, technology-enabled, high-end new construction. The offering consists of +/- 2,500 square foot units that can be customized with interior amenities such as kitchens, baths, bars, and game room options. The storage configuration includes oversized 12' x 14' doors designed to accommodate boats, RVs, lifted trucks, and contractor storage.
The property is located in Walworth County and is described as being near Delavan Lake, with Lake Geneva a short drive away, supporting an outdoor-oriented buyer profile.
For users and investors seeking storage built as individual garage condo units with large access doors and interior customization, this asset offers a purpose-built configuration tailored to larger vehicle and equipment storage needs.
The property is located in Walworth County and is described as being near Delavan Lake, with Lake Geneva a short drive away, supporting an outdoor-oriented buyer profile.
For users and investors seeking storage built as individual garage condo units with large access doors and interior customization, this asset offers a purpose-built configuration tailored to larger vehicle and equipment storage needs.
Key Highlights
- New construction garage condo units near Delavan Lake in Delavan, Wisconsin (Walworth County).
- Units offer about 2,500 sq ft each and are fully customizable with kitchens, baths, bars, and game room options.
- Oversized 12' x 14' doors designed for boats, RVs, lifted trucks, or contractor storage.
Local Financial Insights For Warehouse
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 | $240.0k | $12.00 |
| − Vacancy | −$1.4k | −$0.07 |
| EGI | $238.6k | $11.93 |
| − OpEx | −$35.8k | −$1.79 |
| NOI | $202.8k | $10.14 |
20,000 SF · lease $12.00/SF/yr · vacancy 0.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.90M
$2.53M – $3.38M
NOI $202,776 @ 7.0% cap · market cap 7.24%
Second Best
Self Storage
$2.71M
$2.37M – $3.16M
NOI $189,504 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$3.86M
$3.38M – $4.50M
NOI $270,180 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - New construction garage condo storage units with oversized 12' x 14' doors and customizable interior options.
Where is this self storage facility located?
The property is located at LT0 Hobbs Dr Delavan, WI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: New construction garage condo units near Delavan Lake in Delavan, Wisconsin (Walworth County).; Units offer about 2,500 sq ft each and are fully customizable with kitchens, baths, bars, and game room options.; Oversized 12' x 14' doors designed for boats, RVs, lifted trucks, or contractor storage.
