42-Unit Self-Storage
For Sale
$325,000
1523 Highway 9 S, Perryville, AR 72126
Two-building storage property with full occupancy, a waiting list, and cleared rear area for potential expansion subject to approvals.
Property Size4,000 SF
Price / SF$81.25
Days on Market47
Property Features for 1523 Highway 9 S
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Land
Occupancy
100%
Net Operating Income
$36,000
Financials
Gross Income
$38,400
Business Included
Yes
Additional Details
Self-Storage Units
42
Building Details
Year Built
2022
Buildings
2
Listing Agency:
Crossroads Realty Group
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 19 at 6:22AM
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 Crossroads Realty Group
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Investment Insights
Based on property information with market context.
Built in 2022, this self-storage property comprises 42 units across two buildings. The current mix includes four 5x10 units and 38 10x10 units, with adjoining 10x10 units capable of being combined into 10x20 configurations when back-to-back vacancies occur. All units are occupied, and a waiting list is in place.
The rear portion of the property has been cleared and may support additional storage units, subject to applicable approvals. Located at 1523 Highway 9 S in Perryville, Arkansas, the property offers an established storage operation with a defined unit mix and room for future physical expansion.
The rear portion of the property has been cleared and may support additional storage units, subject to applicable approvals. Located at 1523 Highway 9 S in Perryville, Arkansas, the property offers an established storage operation with a defined unit mix and room for future physical expansion.
Key Highlights
- 42 units across 2 buildings
- 100% occupied with a waiting list
- Unit mix includes four 5x10 units and thirty‑eight 10x10 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,867
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,340
$357.3K
Cap Rate 7%
$255,243
$255.2K
Cap Rate 9%
$198,522
$198.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$22.1K $5.52/SF
− Vacancy
−$1.1K −$0.26/SF
EGI
$21.0K $5.26/SF
− OpEx
−$3.2K −$0.79/SF
NOI
$17.9K $4.47/SF
Area
Perry County, AR
Vacancy
4.80%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,340
Cap Rate 7%
$255,243
Cap Rate 9%
$198,522
Alternative Uses
Best Use
Self Storage
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 11.17%
Second Best
Warehouse
$255.2K
$223.3K – $297.8K
NOI $17,867 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$814.4K
$712.6K – $950.2K
NOI $57,010 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 72126, AR
3,649
Population
1,782
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
94%
High-School Grad
203.3 sq mi
ZIP Area
18
Density / Sq Mi
$58,843
Median Household Income
$45,103
Median Earnings
$589
Median Rent
$130,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Two-building storage property with full occupancy, a waiting list, and cleared rear area for potential expansion subject to approvals.
Where is this self storage facility located?
The property is located at 1523 Highway 9 S Perryville, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 42 units across 2 buildings; 100% occupied with a waiting list; Unit mix includes four 5x10 units and thirty‑eight 10x10 units
