Self-Storage Facility with Outside
1210 W Highway 16 Newnan, GA 30263
For Sale
$582,000
Pending
COMMERCIAL - Newnan, GA
Property Size5,360 SF
Lot Size2.29 Acres
Days on Market135
Property Features for 1210 W Highway 16
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Fencing
- Chain Link
- Standard status
- Pending
- APN
- 047 5099 011
- Size
- 5,360 SF
- Lot size
- 2.29 Acres
Taxes and HOA fees
- Tax Description
- Mini Whses & 2.29 AC LL99 5LD
Building Details
- Year built
- 1996
- Number of units
- 67
- Building materials
- Block, Metal Siding
- Roof type
- Metal
Listing Agency:
Fesperman Real Estate
(912) 283-1181
Listed By:
Harriet Bowman · License #368034
(912) 281-6178
Added: Mar 12
Changed: Jul 24
Last Checked: Jul 24 at 8:06PM
MLS# 1660523
Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self-storage facility in Newnan consists of two buildings containing 52 storage units, each with a roll-up door. Unit mix includes sixteen 5x10 units, twenty-eight 10x10 units, and eight 10x20 units, with four of the 10x20 units featuring doors at both the front and rear. In addition to the indoor units, there are 15 designated outside parking spaces, bringing the total rentable count to 66. The property is surrounded by chain-link fencing and features a coded lock gate, with security cameras on site.
The site includes additional acreage and is described as having room for potential expansion. The facility is currently reported to be 88% occupied, with tenants in place. Supporting materials are available, and the property has been pre-approved with an SBA lender.
Overall, the current configuration combines roll-up unit storage with dedicated outside parking for vehicles such as motor homes and boats, where applicable.
The site includes additional acreage and is described as having room for potential expansion. The facility is currently reported to be 88% occupied, with tenants in place. Supporting materials are available, and the property has been pre-approved with an SBA lender.
Overall, the current configuration combines roll-up unit storage with dedicated outside parking for vehicles such as motor homes and boats, where applicable.
Key Highlights
- Self‑storage facility in Newnan, GA with 2 storage buildings built in 1996
- 52 storage units with rollup doors: 16 units (5x10), 28 units (10x10), and 8 units (10x20)
- Includes outside parking for 15 spaces plus additional rentable parking for motor homes/boats; total 66 rentable units
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.8k | $9.48 |
| − Vacancy | −$4.5k | −$0.84 |
| EGI | $46.3k | $8.64 |
| − OpEx | −$6.9k | −$1.30 |
| NOI | $39.3k | $7.34 |
5,360 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$795.6K
$696.1K – $928.2K
NOI $55,690 @ 7.0% cap · market cap 9.57%
Second Best
Warehouse
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,883 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Two storage buildings offer 52 roll-up unit bays and 15 designated outside parking spaces, fully enclosed by gated fencing.
Where is this self storage facility located?
The property is located at 1210 W Highway 16 Newnan, GA.
What is the asking price?
The asking price for this property is $582,000.
What are key features of this property?
This property features: Self‑storage facility in Newnan, GA with 2 storage buildings built in 1996; 52 storage units with rollup doors: 16 units (5x10), 28 units (10x10), and 8 units (10x20); Includes outside parking for 15 spaces plus additional rentable parking for motor homes/boats; total 66 rentable units
