Self-Storage Facility With Expansion
For Sale
$3,250,000
1629 Danielsville Road & 187 Wilkerson Street, Athens, GA 30601
Operating self-storage property with expansion acreage at its Danielsville Road location and established occupancy across units and rentable area.
Property Size39,350 SF
Days on Market50
Property Features for 1629 Danielsville Road & 187 Wilkerson Street
General Information
Standard status
Active
Size
39,350 SF
Property subtype
Commercial
Occupancy
87%
Net Operating Income
$213,057
Building Details
Building Size
39,350 SF
Units
400
Listing Agency:
Matthews Real Estate Investment Services | Dallas
Listed By:
Austin McLeod · License #394903 (GA)
(404) 445-1093
Source:
Matthews
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 3 at 3:02AM
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 Real Estate Investment Services | Dallas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage property at 1629 Danielsville Road and 187 Wilkerson Street in Athens records 87% unit occupancy, 90% square-foot occupancy, and 93% economic occupancy. Additional land at the Danielsville Road location supports future expansion of the facility.
The property is situated within an Athens market shaped by the University of Georgia, which reports total enrollment of 43,888 students. Residential development is also underway throughout Athens, providing ongoing growth in the surrounding community. In-place rents remain below those of nearby competitors, while no new self-storage projects are planned or under construction in the immediate trade area according to the provided market information.
The property is situated within an Athens market shaped by the University of Georgia, which reports total enrollment of 43,888 students. Residential development is also underway throughout Athens, providing ongoing growth in the surrounding community. In-place rents remain below those of nearby competitors, while no new self-storage projects are planned or under construction in the immediate trade area according to the provided market information.
Key Highlights
- 87% unit occupancy, 90% square‑foot occupancy, and 93% economic occupancy
- Expansion land included at the Danielsville Road location
- Located at 1629 Danielsville Road & 187 Wilkerson Street, Athens, GA 30601
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,862
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
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
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 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 10.40%
Second Best
Warehouse
$4.13M
$3.61M – $4.81M
NOI $288,862 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$9.49M
$8.30M – $11.07M
NOI $664,027 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,610
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
Frequently Asked Questions
What type of property is this?
Self storage facility - Operating self-storage property with expansion acreage at its Danielsville Road location and established occupancy across units and rentable area.
Where is this self storage facility located?
The property is located at 1629 Danielsville Road & 187 Wilkerson Street Athens, GA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 87% unit occupancy, 90% square‑foot occupancy, and 93% economic occupancy; Expansion land included at the Danielsville Road location; Located at 1629 Danielsville Road & 187 Wilkerson Street, Athens, GA 30601
