Self-Storage Facility with Garage
For Sale
$266,200
6034 Lanier Islands Parkway Unit A1, Buford, GA 30518
Concrete construction, LED lighting, and optional mezzanine space support storage or flexible office use.
Property Size1,210 SF
Price / SF$220
Days on Market487
Property Features for 6034 Lanier Islands Parkway Unit A1
General Information
Standard status
Active
Size
1,210 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,610
Amenities
oversized overhead garage doors with openers
bright LED lighting
on-site restrooms
community features
Central Air
3
Concrete
Metal
1 Parking Spaces. Covered.
7.670000076293945
Industrial Area, County Road.
Building Details
Year Built
2025
Listing Agency:
Engel & V?lkers Atlanta
(404) 957-9693
Listed By:
Veronica Jones
(404) 957-9693
Source:
Xome
Added: May 2, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:49PM
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 Engel & V?lkers Atlanta
Investment Insights
Based on property information with market context.
Unit A1 is part of a self-storage facility under construction, with estimated completion in Q4 2025. The 1,210 SF space is designed for equipment, recreational vehicles, collections, tools, or business inventory and includes an oversized overhead garage door with opener, bright LED lighting, and concrete construction. An optional mezzanine can add usable storage or office space, while HVAC is available as an option. On-site restrooms and covered parking are also planned features.
The property is located at 6034 Lanier Islands Parkway in Buford, Georgia, near Lake Lanier. The address places the unit within an industrial area along a county road, providing a dedicated setting for personal storage and business-related use.
The property is located at 6034 Lanier Islands Parkway in Buford, Georgia, near Lake Lanier. The address places the unit within an industrial area along a county road, providing a dedicated setting for personal storage and business-related use.
Key Highlights
- 1,210 SF self‑storage unit at 6034 Lanier Islands Parkway Unit A1, Buford, GA 30518
- Under construction with estimated completion in Q4 2025
- Oversized overhead garage door with opener
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
$12,572
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
4.72%
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%
$251,440
$251.4K
Cap Rate 7%
$179,600
$179.6K
Cap Rate 9%
$139,689
$139.7K
Market Conditions
NOI Build-Up for 1,210 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
$19.3K $15.96/SF
− Vacancy
−$1.4K −$1.12/SF
EGI
$18.0K $14.84/SF
− OpEx
−$5.4K −$4.45/SF
NOI
$12.6K $10.39/SF
Area
Gwinnett County, GA
Vacancy
7.00%
Lease Rate
$15.96 /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%
$251,440
Cap Rate 7%
$179,600
Cap Rate 9%
$139,689
Alternative Uses
Best Use
Self Storage
$179.6K
$157.2K – $209.5K
NOI $12,572 @ 7.0% cap · market cap 4.72%
Second Best
Warehouse
$126.9K
$111.0K – $148.0K
NOI $8,882 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$338.2K
$296.0K – $394.6K
NOI $23,677 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
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 - Concrete construction, LED lighting, and optional mezzanine space support storage or flexible office use.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Parkway Unit A1 Buford, GA.
What is the asking price?
The asking price for this property is $266,200.
What are key features of this property?
This property features: 1,210 SF self‑storage unit at 6034 Lanier Islands Parkway Unit A1, Buford, GA 30518; Under construction with estimated completion in Q4 2025; Oversized overhead garage door with opener
