Storage and RV Park
For Sale
$1,150,000
16070 County Road 12, Foley, AL 36535
Secure, fenced site with storage units, warehouse space, an office building, and RV lots for storage or parking.
Property Size14,800 SF
Lot Size5.10 Acres
Price / SF$77.70
Days on Market158
Property Features for 16070 County Road 12
General Information
Standard status
Active
Size
14,800 SF
Lot size
5.10 Acres
Property subtype
Special
Additional Details
Fenced Yard
Yes
Amenities
security gate
3
Metal
Other
Level
Level.
Building Details
Year Built
2023
Listing Agency:
Swiger & Company
(251) 609-2873
Listed By:
Kristen M Swiger · License #135446
(251) 752-1497
Source:
Xome
Added: Apr 3
Changed: Sep 2
Last Checked: Sep 6 at 6:23AM
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 Swiger & Company
Investment Insights
Based on property information with market context.
This for-sale property is a secured, fenced storage and RV park site covering 5.1 acres in an X Zone. It includes 40 high-occupancy storage units measuring 10' x 30', plus additional improvements under fully-approved plans for three new storage buildings that total 63 units. The approved buildings include two 20' x 120' structures and one 30' x 60' climate-controlled building. Existing facilities also feature a 20' x 20' office building and two 30' x 40' warehouse units.
The property further includes 14 RV lots, with 8 pull-through spaces and 6 built-in lots. On-site amenities include a laundry room and bathhouse, and access is controlled via a security gate.
Buyer to verify all information during due diligence.
The property further includes 14 RV lots, with 8 pull-through spaces and 6 built-in lots. On-site amenities include a laundry room and bathhouse, and access is controlled via a security gate.
Buyer to verify all information during due diligence.
Key Highlights
- 5.1 acres, completely fenced and security‑gated in an X Zone, with level topography
- 40 high‑occupancy storage units, each 10' x 30'
- Additional space includes one 20' x 20' office building and two 30' x 40' warehouse units
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
$93,414
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
8.12%
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%
$1,868,280
$1.9M
Cap Rate 7%
$1,334,486
$1.3M
Cap Rate 9%
$1,037,933
$1.0M
Market Conditions
NOI Build-Up for 14,800 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
$115.4K $7.80/SF
− Vacancy
−$5.5K −$0.37/SF
EGI
$109.9K $7.43/SF
− OpEx
−$16.5K −$1.11/SF
NOI
$93.4K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /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%
$1,868,280
Cap Rate 7%
$1,334,486
Cap Rate 9%
$1,037,933
Alternative Uses
Best Use
Self Storage
$1.82M
$1.59M – $2.12M
NOI $127,179 @ 7.0% cap · market cap 11.06%
Second Best
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,414 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $249,137 @ 7.0% cap · market cap 21.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
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 - Secure, fenced site with storage units, warehouse space, an office building, and RV lots for storage or parking.
Where is this self storage facility located?
The property is located at 16070 County Road 12 Foley, AL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5.1 acres, completely fenced and security‑gated in an X Zone, with level topography; 40 high‑occupancy storage units, each 10' x 30'; Additional space includes one 20' x 20' office building and two 30' x 40' warehouse units
