1817 Stewart Ave Wausau, WI 54401
- Commercial real estate
- 1.64 lot acres
Current Use by Public Records
- Kingdom Storage / Self-Storage Facility
Property Details for 1817 Stewart Ave
- Year built
- 1974
- Lot size
- 1.64 lot acres
- Zone code
- IB
- Property type
- Commercial real estate
- APN
- 291-2907-341-0844
- APU
- 29129073410844
Description
Exceptional investment opportunity: This brand-new, 2023-built, climate-controlled self-storage facility in Wausau, Wisconsin offers 146 units totaling 21,175 net rentable square feet on a 1.65-acre lot. Boasting an 81% occupancy rate and a current NOI of $142,917, the property presents a 6.35% cap rate with a pro-forma cap rate of 8.07%. The asking price is $2,250,000 ($15,411 per unit and $77.86 per square foot). Conveniently located near the I-39/Hwy 51 and Hwy 29 interchange, this Class A facility features a security system and offers a value-add opportunity to increase revenue by filling the remaining units. The property is zoned commercial and is a fee-simple ownership. Unit sizes include 46 each of 10'x20', 10'x15', and 10'x10' units, along with 5 units of 5'x13' and 3 units of 5'x10'. This is a stabilized investment with a net lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $395,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $390,000
- Mixed-Use
- $335,000
- Hospitality
- $375,000
- Educational
- $340,000
- Residential Income
- $415,000
- Energy
- $385,000
- Income-Based Land
- $430,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6585
- Latitude
- 44.9579
- CBSA code
- 48140
- CBSA name
- WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA
