Gated Climate-Controlled Storage
1245 Bld-9 CANAL STREET Bld-9 New Smyrna Beach, FL 32168
For Sale
$975,500
Climate-controlled storage building in New Smyrna Beach for sale.
Property Size5,776 SF
Lot Size2.91 Acres
Price / SF$168.89
Days on Market689
Property Features for 1245 Bld-9 CANAL STREET Bld-9
General Information
Standard status
Active
Size
5,776 SF
Lot size
2.91 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1959
Listing Agency:
THE KEYES COMPANY
(386) 566-3486
Listed By:
Peter Beaulieu · License #3249833
(386) 566-3486
Source:
Exitrealty
Added: Sep 8, 2024
Changed: Jul 6
Last Checked: May 20 at 12:21AM
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 THE KEYES COMPANY
Investment Insights
Based on property information with market context.
Offered to the public for the first time, this gated, climate-controlled storage building is located in the center of New Smyrna Beach. Building 9 features 10 separate units, totaling 5,776 square feet, all under air with 2-hour fire ratings between each unit. Each unit is equipped with its own mini-split system with wireless controllers in a lockbox for temperature control. Building owners have access to the commercial condo office, which includes bathrooms and a meeting area. A maintenance building on the property houses a 13,000-pound, 6-wheeled remote-controlled trailer dolly available for use by all building owners. The grounds feature excellent lighting, security cameras, and full fencing for privacy and safety. The main entry includes a keypad entry and a vehicle tag reader.
Key Highlights
- Gated and climate‑controlled storage buildings in a central location.
- Ten individual units totaling 5,776 sqft, each with its own mini‑split system and wireless temperature control.
- 2‑hour fire ratings between each unit for enhanced safety.
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 | $86.6k | $15.00 |
| − Vacancy | −$5.2k | −$0.90 |
| EGI | $81.4k | $14.10 |
| − OpEx | −$24.4k | −$4.23 |
| NOI | $57.0k | $9.87 |
5,776 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$814.4K
$712.6K – $950.2K
NOI $57,009 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$491.2K
$429.8K – $573.1K
NOI $34,387 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,217 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Climate-controlled storage building in New Smyrna Beach for sale.
Where is this self storage facility located?
The property is located at 1245 Bld-9 CANAL STREET Bld-9 New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $975,500.
What are key features of this property?
This property features: Gated and climate‑controlled storage buildings in a central location.; Ten individual units totaling 5,776 sqft, each with its own mini‑split system and wireless temperature control.; 2‑hour fire ratings between each unit for enhanced safety.
