Self Storage
For Sale
$1,800,000
1004 19th Ave SE, Decatur, AL 35601
OneGuard Self Storage is available for sale in Decatur, AL.
Property Size22,550 SF
Price / SF$79.82
Days on Market98
Property Features for 1004 19th Ave SE
General Information
Standard status
Active
Size
22,550 SF
Property subtype
Self-Storage Facility
Occupancy
84%
Additional Details
Cap Rate
6.6%
Amenities
Mix of climate and non-climate storage
Fully Fenced and Keypad Entry Gate
84% Physical Occupancy
Remote Management in Place
Over 50k people in 5 Mile radius
Below Market Rents
Building Details
Building Size
22,550 SF
Year Built
2003
Units
176
Listing Agency:
Marcus & Millichap | Birmingham
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Jul 25
Changed: Oct 26
Last Checked: Oct 28 at 5:01AM
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 Marcus & Millichap | Birmingham
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Investment Insights
Based on property information with market context.
Marcus and Millichap is pleased to offer the sale of OneGuard Self Storage. The property is listed for sale as a self-storage facility.
The asset is located at 1004 19th Ave SE in Decatur, Alabama (35601).
The asset is located at 1004 19th Ave SE in Decatur, Alabama (35601).
Key Highlights
- OneGuard Self Storage for sale in Decatur, AL
- Year built: 2003
- Public remarks list 6.60%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,909
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,180
$2.7M
Cap Rate 7%
$1,898,700
$1.9M
Cap Rate 9%
$1,476,767
$1.5M
Market Conditions
NOI Build-Up for 22,550 SF
Gross rent
$167.8K $7.44/SF
− Vacancy
−$11.4K −$0.51/SF
EGI
$156.4K $6.93/SF
− OpEx
−$23.5K −$1.04/SF
NOI
$132.9K $5.89/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,180
Cap Rate 7%
$1,898,700
Cap Rate 9%
$1,476,767
Alternative Uses
Best Use
Self Storage
$2.75M
$2.41M – $3.21M
NOI $192,735 @ 7.0% cap · market cap 10.71%
Second Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $132,909 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$4.69M
$4.11M – $5.47M
NOI $328,400 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - OneGuard Self Storage is available for sale in Decatur, AL.
Where is this self storage facility located?
The property is located at 1004 19th Ave SE Decatur, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: OneGuard Self Storage for sale in Decatur, AL; Year built: 2003; Public remarks list 6.60%
