Mini-Storage Facility with 12
For Sale
$115,000
1130 Lancaster St, Marietta, OH 45750
For sale is a 12-unit mini-storage facility with one unit currently rented.
Property Size1,920 SF
Price / SF$59.90
Days on Market85
Property Features for 1130 Lancaster St
General Information
Standard status
Active
Size
1,920 SF
Building Details
Year Built
1995
Listing Agency:
McCarthy Real Estate, Inc.
Listed By:
Stephan C McCarthy · License #289802
(740) 373-1523
Source:
Theacclaimedrealty
Added: Jul 3
Changed: Sep 10
Last Checked: Sep 24 at 1:52PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$191,600
$191.6K
Cap Rate 7%
$136,857
$136.9K
Cap Rate 9%
$106,444
$106.4K
Market Conditions
NOI Build-Up for 1,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $16,854 @ 7.0% cap · market cap 14.66%
Second Best
Warehouse
$136.9K
$119.8K – $159.7K
NOI $9,580 @ 7.0% cap · market cap 8.33%
Theoretical Best
Mixed Use
$446.3K
$390.5K – $520.7K
NOI $31,240 @ 7.0% cap · market cap 27.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
