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    Dodge City Storage Units Title is generated by Realmo AI

    6140 Co Rd 490, Hanceville, AL 35077

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    Claim this Listing
    For Sale
    $2,700,000

    New storage units near I-65 and Smith Lake.

    Type:Commercial/Industrial
    Property size:
    36,000 SF
    Lot size:
    4.22 Acres
    Price / SF:
    $75/SF
    Added:
    Jan 17, 2025
    Days on Market:
    514
    Last Refresh:
    May 19 at 11:27 pm

    Property Features for 6140 Co Rd 490

    General Information

    Standard status
    Active
    Size
    36,000 SF
    Lot size
    4.22 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Tammy M Roden

    Listing agent Tammy M Roden License #050996

    Listing office Culpepper Real Estate Inc

    Listing date Jan 17, 2025

    Source Exitrealty

    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 Culpepper Real Estate Inc

    HighLights

    • Newly built in 2024, these storage units are designed for RVs, autos, and boats.
    • Convenient Dodge City location near I‑65 and Smith Lake.
    • Secure storage solution with electric garage doors and personnel door.
    • Variety of unit sizes available: 1,000 sq. ft., 2,000 sq. ft., and 3,000 sq. ft.
    • Large 35,000 sqft building on 3 acres.
    • Units feature 16" sidewall height.

    Overview

    Located in Dodge City near I-65 and Smith Lake, this property features 30 newly built storage units designed for RV, auto, and boat storage. The property includes a 35,000 sqft building on 3 acres. The units feature 12x14 electric garage doors and personnel doors. There are 26 units at 1,000 sq. ft. with one electric garage door, measuring 20x50. Additionally, there are 3 units at 2,000 sq. ft. with two electric garage doors, measuring 40x50, and 1 unit at 3,000 sq. ft. with two electric garage doors, measuring 60x50. The side walls are 16" in height.

    Local Financial Insights For Self Storage

    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 $324.0k $9.00
    − Vacancy −$32.4k −$0.90
    EGI $291.6k $8.10
    − OpEx −$87.5k −$2.43
    NOI $204.1k $5.67
    36,000 SF · lease $9.00/SF/yr · vacancy 10.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $2.92M
    $2.55M – $3.40M (±1% cap)
    NOI $204,120 @ 7.0% cap · market cap 7.56%
    Second Best
    Industrial
    $2.00M
    $1.75M – $2.33M (±1% cap)
    NOI $139,860 @ 7.0% cap · market cap 5.18%
    Theoretical Best
    Office A
    $5.31M
    $4.64M – $6.19M (±1% cap)
    NOI $371,520 @ 7.0% cap · market cap 13.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Auto Parts Store Pharmacy Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -86.8624
    Latitude
    34.0598

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    FAQs

    What type of property is this?
    Self storage facility - New storage units near I-65 and Smith Lake.
    Where is this self storage facility located?
    The property is located at 6140 Co Rd 490 Hanceville, AL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Newly built in 2024, these storage units are designed for RVs, autos, and boats.; Convenient Dodge City location near I‑65 and Smith Lake.; Secure storage solution with electric garage doors and personnel door.
    (256) 338-6612
    We can help!
    Listing Contact
    Tammy M Roden
    Real Estate License ID: 050996
    Learn More
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