197 Wi-21 Coloma, WI 54930
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.