Building Details

Year Built 2021

Listing Agency: Virtual Properties Realty.com

Listed By: Lamar Long · License #388404 Show Phone

Source: Davenportgroupga

Added: Oct 2 Changed: Oct 3 Last Checked: Oct 7 at 5:16PM

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Investment Insights

Based on property information with market context.

This self-storage property contains 96 units: 72 measuring 10 by 15 feet and 24 measuring 5 by 10 feet. A small office sits near the entrance, and the site is enclosed by a security fence with an electric gate operated by keypad. Cameras can be viewed remotely by cell phone. An additional half-acre is available for further development or storage of RVs and boats.

The property fronts State Highway 53 East, opposite Steve Tate Highway, and is approximately 1.5 miles from Big Canoe.

Key Highlights

• 96 storage units: 72 units measuring 10 by 15 feet and 24 measuring 5 by 10 feet
• Additional half‑acre for development or RV and boat storage
• Electric gate with keypad access and a security fence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,090

Cap Rate

6.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,761,800 $1.8M

Cap Rate 7%

$1,258,429 $1.3M

Cap Rate 9%

$978,778 $978.8K

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$113.8K $9.48/SF

− Vacancy

−$10.1K −$0.84/SF

EGI

$103.6K $8.64/SF

− OpEx

−$15.5K −$1.30/SF

NOI

$88.1K $7.34/SF

Area

Pickens 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 Rate 5%

$1,761,800

Cap Rate 7%

$1,258,429

Cap Rate 9%

$978,778

Alternative Uses

Best Use

Self Storage

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,680 @ 7.0% cap · market cap 9.59%

Second Best

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,090 @ 7.0% cap · market cap 6.78%

Theoretical Best

Office A

$3.35M

$2.94M – $3.91M (±1% cap)

NOI $234,812 @ 7.0% cap · market cap 18.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Pharmacy Building Supply Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Explore this area Business Placement

Demographics for 30148, GA

1,655

Population

471

Households

3.5

Avg Household Size

65

Median Age

36%

College-Educated

93%

High-School Grad

9.9 sq mi

ZIP Area

167

Density / Sq Mi

$104,375

Median Household Income

$50,815

Median Earnings

$406,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Self storage facility - A 96-unit operation includes an on-site office, electronic entry, and camera monitoring.

Where is this self storage facility located?

The property is located at 13372 Highway 53 E Marble Hill, GA.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 96 storage units: 72 units measuring 10 by 15 feet and 24 measuring 5 by 10 feet; Additional half‑acre for development or RV and boat storage; Electric gate with keypad access and a security fence