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Property profile & analytics
OFF-MARKET
Land

197 Wi-21 Coloma, WI 54930

9.61 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9.61-acre parcel in Coloma, Wisconsin, presents a unique opportunity for self-storage development. Located on County Trunk Highway (CTH) 21, it boasts over 4,000 vehicles passing daily, tapping into a substantial market of over 25,000 permanent residents, plus seasonal homeowners. The property benefits from favorable B-1 zoning, with verbal approvals already obtained from the township for self-storage construction. This allows for streamlined site plan submission and construction commencement upon approval. The site's strategic location near Petenwell Lake and Castle Rock Lake offers a distinct advantage for targeted marketing and potentially higher occupancy rates. A significant competitive advantage exists due to the absence of comparable facilities within a ten-mile radius, allowing for phased development and controlled growth. Multiple access points from CTH 21 and CTH G provide flexibility in site planning and development. The asking price is $295,000. This is a rare opportunity to capitalize on the growing demand for self-storage in a desirable lakeside community.

Property profile
Verified
Property type Land
Lot 9.61 ac (418,612 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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