New Self-Storage Facility For
1627 Scarbrough Drive, Piqua, OH 45356
For Sale
$3,400,000
Brand new self-storage facility with RV storage and expansion potential.
Property Size32,568 SF
Price / SF$104.40
Days on Market353
Property Features for 1627 Scarbrough Drive
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
NAI Bergman
Listed By:
Scott Kaster · License #OH #SAL.2009000788
(937) 673-4366
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Apr 8 at 10:53AM
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 NAI Bergman
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Investment Insights
Based on property information with market context.
A newly constructed self-storage facility, completed in 2024, is available for purchase. The property features three completed buildings, with plans for up to seven more, and ample room for outdoor storage. The first two buildings measure 330'x30' and contain (8) 10x10 units, (66) 10x15 units, (8) 10x20 units, and (25) 10x30 units. The third building is designed for RV storage, offering (19) 14'x48' deep units with oversized doors, lighting, and ample side clearance. The facility is located off I75 at County Road 25a, providing easy access from Interstate 75. It is situated across the street from Camping World at exit 83. A 15-year tax abatement is in place.
Key Highlights
- Brand new self‑storage facility built in 2024.
- 15‑year tax abatement in place.
- Located just off I‑75 with easy access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$297,673
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,953,460
$6.0M
Cap Rate 7%
$4,252,471
$4.3M
Cap Rate 9%
$3,307,478
$3.3M
Market Conditions
NOI Build-Up for 32,568 SF
Gross rent
$457.3K $14.04/SF
− Vacancy
−$32.0K −$0.98/SF
EGI
$425.2K $13.06/SF
− OpEx
−$127.6K −$3.92/SF
NOI
$297.7K $9.14/SF
Area
Miami County, OH
Vacancy
7.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,953,460
Cap Rate 7%
$4,252,471
Cap Rate 9%
$3,307,478
Alternative Uses
Best Use
Industrial
$5.13M
$4.49M – $5.98M
NOI $358,871 @ 7.0% cap · market cap 10.56%
Second Best
Self Storage
$4.25M
$3.72M – $4.96M
NOI $297,673 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$6.64M
$5.81M – $7.74M
NOI $464,633 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 45356, OH
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
333
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Brand new self-storage facility with RV storage and expansion potential.
Where is this self storage facility located?
The property is located at 1627 Scarbrough Drive Piqua, OH.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Brand new self‑storage facility built in 2024.; 15‑year tax abatement in place.; Located just off I‑75 with easy access.
