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Property profile & analytics
OFF-MARKET
Commercial real estate
1817 Stewart Ave Wausau, WI 54401-5373
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0045538
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Lot
1.64 ac (71,569 SF)
Zoning code
IB
APN
291-2907-341-0844
UPID
US92-0045538
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
Current use
Occupant on record · Public records
-
Kingdom Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kingdom Storage Wausau LLC · 5 yrs held
Kingdom Storage Wausau LLC
since 2020
Last sale
$360,000
5 recorded transactions
Zoning & alternative use
IB · Wausau, WI
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wausau submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wausau submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,770
Tax year 2023
Assessed value
$1,086,400
Assessed 2023
Previous assessed
$359,700
+202.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$316,100
Assessed improvement
$770,300
Land market value
$378,977
Improvement market value
$923,524
Total market value
$1,302,501
Applied tax rate
291.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Stories
1
Lot
1.64 ac (71,569 SF)
Zoning code
IB
APN
291-2907-341-0844
UPID
US92-0045538
Jurisdiction
MARATHON
Zoning & alternative use
IB · Wausau, WIZoning IB · permitted uses
IB · Wausau, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Kingdom Storage Wausau LLC
Entity
Mailing address
602 W PNE ST, BARABOO, WI 53913-1039
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Kingdom Storage Wausau LLC
—
Deed
related
$150,000 · Peoples State Bank
Jul 14, 2022
—
Kingdom Storage Wausau LLC
—
Deed
related
$1,650,000 · Peoples State Bank
Sep 28, 2021
—
Kingdom Storage Wausau LLC
—
Deed
related
$956,000 · Peoples State Bank
Dec 21, 2020
$360,000
Kingdom Storage Wausau LLC
Laurel Investments LLC
Warranty Deed
$450,000 · Peoples State Bank
Jul 28, 2005
$670,900
Laurel Investments LLC
Geisler George L Trust
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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