Detached Self-Storage
288 Riley Rd Dahlonega, GA 30533
For Sale
Contact for pricing
Detached facility with 55 storage units and U-Haul rentals, offered for sale in Dahlonega, GA.
Property Size6,800 SF
Price / SF$117.50
Days on Market817
Property Features for 288 Riley Rd
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 1996
Listing Agency:
SMG Realty
(404) 805-3445
Listed By:
Kevin Dierkes · License #347151
Source:
Crexi
Added: Apr 29, 2024
Changed: Jul 23
Last Checked: Jul 23 at 12:24PM
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 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 | $108.5k | $15.96 |
| − Vacancy | −$7.6k | −$1.12 |
| EGI | $100.9k | $14.84 |
| − OpEx | −$30.3k | −$4.45 |
| NOI | $70.7k | $10.39 |
6,800 SF · lease $15.96/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.01M
$883.2K – $1.18M
NOI $70,652 @ 7.0% cap · market cap 8.84%
Second Best
Warehouse
$713.1K
$624.0K – $832.0K
NOI $49,918 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,060 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dahlonega Same Day ...
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
FAQs
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 $799,000.
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
