Detached Self-Storage
For Sale
Contact for pricing
288 Riley Rd, Dahlonega, GA 30533
Detached facility with 55 storage units and U-Haul rentals, offered for sale in Dahlonega, GA.
Property Size6,800 SF
Price / SF$95.59
Days on Market862
Property Features for 288 Riley Rd
General Information
Standard status
Active
Size
6,800 SF
Class
B
Property subtype
Self Storage
Zoning
C3
Occupancy
90%
Investment Type
Owner/User
Net Operating Income
$58,000
Additional Details
Business Included
Yes
Building Details
Year Built
1996
Year Renovated
2023
Buildings
3
Stories
1
Units
55
Tenancy
Multi
Listing Agency:
SMG Realty
Listed By:
Kevin Dierkes · License #347151
(404) 805-3445
Source:
Crexi
Added: Apr 29, 2024
Changed: Aug 26
Last Checked: Sep 5 at 5:12PM
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 SMG Realty
Investment Insights
Based on property information with market context.
This detached property for sale operates as an established self-storage facility featuring 55 storage units. In addition to storage, the business also offers U-Haul rentals, providing an additional revenue stream within the same facility.
Located in Dahlonega, Georgia, the property is described as being near the University of North Georgia (UNG) and the Downtown area, with benefits cited from high visibility and traffic. The remarks also note the facility is just steps from the Lumpkin County Courthouse and the newly-opened Whataburger.
For buyers seeking a self-storage business with an on-site U-Haul rental component, this property presents a straightforward operating layout anchored by the 55-unit storage count.
Located in Dahlonega, Georgia, the property is described as being near the University of North Georgia (UNG) and the Downtown area, with benefits cited from high visibility and traffic. The remarks also note the facility is just steps from the Lumpkin County Courthouse and the newly-opened Whataburger.
For buyers seeking a self-storage business with an on-site U-Haul rental component, this property presents a straightforward operating layout anchored by the 55-unit storage count.
Key Highlights
- Detached self‑storage facility built in 1996 in Dahlonega, GA
- Contains 55 storage units
- Also offers U‑Haul rentals, providing a second income stream
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
$49,918
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
7.68%
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%
$998,360
$998.4K
Cap Rate 7%
$713,114
$713.1K
Cap Rate 9%
$554,644
$554.6K
Market Conditions
NOI Build-Up for 6,800 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
$64.5K $9.48/SF
− Vacancy
−$5.7K −$0.84/SF
EGI
$58.7K $8.64/SF
− OpEx
−$8.8K −$1.30/SF
NOI
$49.9K $7.34/SF
Area
Lumpkin County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$998,360
Cap Rate 7%
$713,114
Cap Rate 9%
$554,644
Alternative Uses
Best Use
Self Storage
$1.01M
$883.2K – $1.18M
NOI $70,652 @ 7.0% cap · market cap 10.87%
Second Best
Warehouse
$713.1K
$624.0K – $832.0K
NOI $49,918 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,060 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 30533, GA
26,589
Population
11,047
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
242.9 sq mi
ZIP Area
109
Density / Sq Mi
$70,417
Median Household Income
$31,105
Median Earnings
$1,080
Median Rent
$270,300
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 - Detached facility with 55 storage units and U-Haul rentals, offered for sale in Dahlonega, GA.
Where is this self storage facility located?
The property is located at 288 Riley Rd Dahlonega, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Detached self‑storage facility built in 1996 in Dahlonega, GA; Contains 55 storage units; Also offers U‑Haul rentals, providing a second income stream
