Self-Storage Facility with RV
For Sale
Contact for pricing
1629 Danielsville Road, Athens, GA 30601
Two-site operation combines climate-controlled and standard units with gated entry and video surveillance.
Property Size39,350 SF
Price / SF$89.58
Days on Market142
Property Features for 1629 Danielsville Road
General Information
Standard status
Active
Size
39,350 SF
Total Parking Spaces
32
Property subtype
Self Storage
Occupancy
87%
Investment Type
Stabilized
Net Operating Income
$213,057
Additional Details
Self-Storage Units
405
Amenities
gated access
surveillance cameras
Building Details
Year Built
1988
Year Renovated
2008
Buildings
14
Stories
1
Units
400
Tenancy
Multi
Listing Agency:
Matthews
(949) 942-6585
Listed By:
Austin McLeod · License #394903
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: May 27 at 8:40AM
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 Matthews
Investment Insights
Based on property information with market context.
The offering includes 405 self-storage units across two properties, with both climate-controlled and non-climate-controlled configurations. Open parking spaces accommodate boat and RV storage, while the main facility includes gated access and surveillance cameras. Physical occupancy is 92%, and economic occupancy exceeds 100%. In-place rental rates remain below nearby competitors, creating room for rate adjustments on existing tenants. The property also includes excess land identified for potential expansion.
The primary facility is located at 1629 Danielsville Rd in Athens, Georgia. A downtown annex is situated just over 3 miles from the main site, providing a second operating location within the same offering.
The primary facility is located at 1629 Danielsville Rd in Athens, Georgia. A downtown annex is situated just over 3 miles from the main site, providing a second operating location within the same offering.
Key Highlights
- 405 self‑storage units across two properties
- Mix of climate‑controlled and non‑climate‑controlled storage
- Open parking spaces for boat and RV storage
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
$288,862
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
8.19%
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%
$5,777,240
$5.8M
Cap Rate 7%
$4,126,600
$4.1M
Cap Rate 9%
$3,209,578
$3.2M
Market Conditions
NOI Build-Up for 39,350 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
$373.0K $9.48/SF
− Vacancy
−$33.2K −$0.84/SF
EGI
$339.8K $8.64/SF
− OpEx
−$51.0K −$1.30/SF
NOI
$288.9K $7.34/SF
Area
Athens, 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 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%
$5,777,240
Cap Rate 7%
$4,126,600
Cap Rate 9%
$3,209,578
Alternative Uses
Best Use
Self Storage
$4.83M
$4.23M – $5.64M
NOI $338,142 @ 7.0% cap · market cap 9.59%
Second Best
Warehouse
$4.13M
$3.61M – $4.81M
NOI $288,862 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$9.49M
$8.30M – $11.07M
NOI $664,027 @ 7.0% cap · market cap 18.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 30601, GA
25,036
Population
11,634
Households
2.2
Avg Household Size
28
Median Age
37%
College-Educated
84%
High-School Grad
23.4 sq mi
ZIP Area
1,070
Density / Sq Mi
$37,357
Median Household Income
$24,639
Median Earnings
$1,198
Median Rent
$213,300
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 - Two-site operation combines climate-controlled and standard units with gated entry and video surveillance.
Where is this self storage facility located?
The property is located at 1629 Danielsville Road Athens, GA.
What is the asking price?
The asking price for this property is $3,525,000.
What are key features of this property?
This property features: 405 self‑storage units across two properties; Mix of climate‑controlled and non‑climate‑controlled storage; Open parking spaces for boat and RV storage
