Self Storage
For Sale
Contact for pricing
1248 Industrial Park Rd, Columbia, TN 38401
Commercial property situated in an industrial corridor near downtown Columbia.
Property Size14,468 SF
Price / SF$103.68
Days on Market155
Property Features for 1248 Industrial Park Rd
General Information
Standard status
Active
Size
14,468 SF
Property subtype
Industrial, Self Storage
Listing Agency:
Charles Hawkins Co.
(615) 256-3189
Listed By:
Walker Tuten · License #379543
Source:
Crexi
Added: Mar 30
Changed: Aug 31
Last Checked: Aug 31 at 3:43AM
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 Charles Hawkins Co.
Investment Insights
Based on property information with market context.
This self storage facility is located at 1248 Industrial Park Rd in Columbia, Tennessee. The property is positioned within an industrial corridor and is described as minutes from downtown Columbia, providing a location-oriented profile for commercial real estate consideration.
Key Highlights
- 14,468 reported property size
- Located at 1248 Industrial Park Rd, Columbia, TN 38401
- Positioned within an industrial corridor
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
$122,990
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
8.20%
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%
$2,459,800
$2.5M
Cap Rate 7%
$1,757,000
$1.8M
Cap Rate 9%
$1,366,556
$1.4M
Market Conditions
NOI Build-Up for 14,468 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
$191.0K $13.20/SF
− Vacancy
−$15.3K −$1.06/SF
EGI
$175.7K $12.14/SF
− OpEx
−$52.7K −$3.64/SF
NOI
$123.0K $8.50/SF
Area
Maury County, TN
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,459,800
Cap Rate 7%
$1,757,000
Cap Rate 9%
$1,366,556
Alternative Uses
Best Use
Self Storage
$1.76M
$1.54M – $2.05M
NOI $122,990 @ 7.0% cap · market cap 8.20%
Second Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,036 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,883 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Commercial property situated in an industrial corridor near downtown Columbia.
Where is this self storage facility located?
The property is located at 1248 Industrial Park Rd Columbia, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 14,468 reported property size; Located at 1248 Industrial Park Rd, Columbia, TN 38401; Positioned within an industrial corridor
