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    204 Kelly Rd Niceville, FL 32578

    Source: https://www.saltercompany.com
    For Sale
    $699,000

    High-yield self-storage facility in Niceville, FL.

    Property size:
    19,650 SF

    Description

    Added:
    Feb 12, 2025
    Days on Market:
    299
    This exceptional investment opportunity presents a well-maintained 19,650 square foot self-storage facility located at 204 Kelly Road, Niceville, Florida, 32578, in Okaloosa County. The property, comprised of 24 units, features two phases of construction: Phase 1 completed in 1998 and Phase 2 in 2005. Currently operating at 75% occupancy, this non-climate-controlled facility presents a significant value-add opportunity due to the potential for increased rental income. The 1.43-acre lot is zoned C-2 by the City of Niceville, providing flexibility for future development or expansion. The property's strategic location within central Okaloosa County ensures high visibility and accessibility for potential tenants. Priced at $699,000, this asset offers a compelling return on investment for savvy investors seeking a thriving self-storage business with substantial upside potential. The property's current occupancy and rental rates suggest significant room for growth and profitability. This is a rare opportunity to acquire a well-established self-storage facility in a desirable location with strong potential for increased revenue.

    Property Features for 204 Kelly Rd

    General Information

    Property type
    Warehouses
    Square Feet
    19,650 SF
    Price / Square Foot
    $35
    Elevators
    N/A
    Lot Size
    62,175 SF

    Building Details

    Year Built
    1997
    Buildings
    14
    Stories
    1
    Units
    24

    HighLights

    • 19,650 sq ft self‑storage facility in Niceville, FL, offering 24 units.
    • Well‑maintained complex built in phases (1998 & 2005), zoned C‑2.
    • 1.43‑acre lot with significant upside potential due to under‑market rents and 75% occupancy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Kelly Road Mini ... Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niceville
    State
    Florida
    Longitude
    -86.503617
    Latitude
    30.521547

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    FAQs

    What type of property is this?
    Warehouse - High-yield self-storage facility in Niceville, FL.
    Where is this warehouse located?
    The property is located at 204 Kelly Rd Niceville, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 19,650 sq ft self-storage facility in Niceville, FL, offering 24 units.; Well-maintained complex built in phases (1998 & 2005), zoned C-2.; 1.43-acre lot with significant upside potential due to under-market rents and 75% occupancy.
    (850) 564-0120
    Request Owner's contact information
    204 Kelly Rd Niceville, FL 32578
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    Niceville, FL 32578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Kelly Rd Niceville, FL 32578
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