Self Storage
For Sale
$2,000,000
1004 19th Ave SE, Decatur, AL 35601
OneGuard Self Storage is available for sale in Decatur, AL.
Property Size22,550 SF
Price / SF$88.69
Days on Market41
Property Features for 1004 19th Ave SE
General Information
Standard status
Active
Size
22,550 SF
Property subtype
Self-Storage Facility
Occupancy
84%
Additional Details
Cap Rate
6.6%
Amenities
Mix of climate and non-climate storage
Fully Fenced and Keypad Entry Gate
84% Physical Occupancy
Remote Management in Place
Over 50k people in 5 Mile radius
Below Market Rents
Building Details
Building Size
22,550 SF
Year Built
2003
Units
176
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Jul 25
Changed: Aug 8
Last Checked: Sep 2 at 1:17PM
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 Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
Marcus and Millichap is pleased to offer the sale of OneGuard Self Storage. The property is listed for sale as a self-storage facility.
The asset is located at 1004 19th Ave SE in Decatur, Alabama (35601).
The asset is located at 1004 19th Ave SE in Decatur, Alabama (35601).
Key Highlights
- OneGuard Self Storage for sale in Decatur, AL
- Year built: 2003
- Public remarks list 6.60%
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
$132,909
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
6.65%
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%
$2,658,180
$2.7M
Cap Rate 7%
$1,898,700
$1.9M
Cap Rate 9%
$1,476,767
$1.5M
Market Conditions
NOI Build-Up for 22,550 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
$167.8K $7.44/SF
− Vacancy
−$11.4K −$0.51/SF
EGI
$156.4K $6.93/SF
− OpEx
−$23.5K −$1.04/SF
NOI
$132.9K $5.89/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$7.44 /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%
$2,658,180
Cap Rate 7%
$1,898,700
Cap Rate 9%
$1,476,767
Alternative Uses
Best Use
Self Storage
$2.75M
$2.41M – $3.21M
NOI $192,735 @ 7.0% cap · market cap 9.64%
Second Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $132,909 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$4.69M
$4.11M – $5.47M
NOI $328,400 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - OneGuard Self Storage is available for sale in Decatur, AL.
Where is this self storage facility located?
The property is located at 1004 19th Ave SE Decatur, AL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: OneGuard Self Storage for sale in Decatur, AL; Year built: 2003; Public remarks list 6.60%
