Building Details

Year Built 1995

Listing Agency: McCarthy Real Estate, Inc.

Listed By: Stephan C McCarthy · License #289802 Show Phone

Source: Theacclaimedrealty

Added: Jul 3 Changed: Oct 3 Last Checked: Oct 7 at 3:34PM

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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 McCarthy Real Estate, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property consists of a 12-unit mini storage facility. According to the public remarks, the owner has been occupying the remaining units, with only one unit rented at this time and the balance recently vacated.

The offering is presented as a for-sale opportunity to own the facility in a “great location,” with the ability to select tenants for the remaining units now that they have been vacated.

As of the latest information provided, one mini-storage unit is rented, and the overall operation is positioned for an owner to lease additional units moving forward.

Key Highlights

• 12‑unit mini‑storage facility for sale
• Only 1 unit is currently rented; the remaining units were recently vacated by the owner
• Opportunity for new ownership to select tenants for the vacant units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,580

Cap Rate

8.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$191,600 $191.6K

Cap Rate 7%

$136,857 $136.9K

Cap Rate 9%

$106,444 $106.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$12.3K $6.41/SF

− Vacancy

−$1.0K −$0.54/SF

EGI

$11.3K $5.87/SF

− OpEx

−$1.7K −$0.88/SF

NOI

$9.6K $4.99/SF

Area

Washington County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$191,600

Cap Rate 7%

$136,857

Cap Rate 9%

$106,444

Alternative Uses

Best Use

Self Storage

$240.8K

$210.7K – $280.9K (±1% cap)

NOI $16,854 @ 7.0% cap · market cap 14.66%

Second Best

Warehouse

$136.9K

$119.8K – $159.7K (±1% cap)

NOI $9,580 @ 7.0% cap · market cap 8.33%

Theoretical Best

Mixed Use

$446.3K

$390.5K – $520.7K (±1% cap)

NOI $31,240 @ 7.0% cap · market cap 27.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Dental Office Auto Parts Store Pharmacy Nail Salon Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 45750, OH

26,327

Population

12,690

Households

2.1

Avg Household Size

44

Median Age

26%

College-Educated

92%

High-School Grad

106.8 sq mi

ZIP Area

247

Density / Sq Mi

$56,883

Median Household Income

$35,027

Median Earnings

$838

Median Rent

$177,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - For sale is a 12-unit mini-storage facility with one unit currently rented.

Where is this self storage facility located?

The property is located at 1130 Lancaster St Marietta, OH.

What is the asking price?

The asking price for this property is $115,000.

What are key features of this property?

This property features: 12‑unit mini‑storage facility for sale; Only 1 unit is currently rented; the remaining units were recently vacated by the owner; Opportunity for new ownership to select tenants for the vacant units