Value-Add Self Storage
1550 Industry Dr Burlington, NC 27215
For Sale
$1,900,000
Self-storage facility with office and parking spaces for sale.
Property Size25,768 SF
Price / SF$73.73
Days on Market115
Property Features for 1550 Industry Dr
General Information
- Standard status
- Active
- Size
- 25,768 SF
- Property subtype
- Self Storage Facility
Building Details
- Year Built
- 1987
Listing Agency:
(239) 293-3844
Listed By:
Frank DeSalvo · License #NC #307512
Source:
Franklinst
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 10 at 1:15PM
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 Frank DeSalvo
Investment Insights
Based on property information with market context.
This self-storage facility features 285 non-climate controlled units, totaling 25,768 net rentable square feet. The property also includes a 600-square-foot office space and 17 outdoor parking spaces. This is a value-add opportunity.
Key Highlights
- Value‑add self storage facility
- Features 285 non‑climate controlled units
- Totaling 25,768 NRSF
Financial Insights For Industrial
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 | $159.8k | $6.20 |
| − Vacancy | −$14.9k | −$0.58 |
| EGI | $144.9k | $5.62 |
| − OpEx | −$43.5k | −$1.69 |
| NOI | $101.4k | $3.94 |
25,768 SF · lease $6.20/SF/yr · vacancy 9.30% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$3.47M
$3.04M – $4.05M
NOI $242,858 @ 7.0% cap · market cap 12.78%
Second Best
Industrial
$1.45M
$1.27M – $1.69M
NOI $101,433 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$8.50M
$7.43M – $9.91M
NOI $594,694 @ 7.0% cap · market cap 31.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RL Patterson
Property Management Company
Mini Warehouses Of Alamance
Storage Facility
Cirrus Carolina LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Self storage facility - Self-storage facility with office and parking spaces for sale.
Where is this self storage facility located?
The property is located at 1550 Industry Dr Burlington, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Value‑add self storage facility; Features 285 non‑climate controlled units; Totaling 25,768 NRSF
