Building Details

Year built 1994

Floors in Building 1

Building materials Frame, Metal Siding

Roof type Metal

Listing Agency: Underwood Hometown Realty, LLC Show Phone

Listed By: Robin Underwood Show Phone

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 24 at 4:06AM

Report an Issue

MLS# 248003

Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The self-storage property contains 13,100 square feet across 85 units in five buildings. Built in 1994, the structures feature frame construction, metal siding and metal roofs. The 2.35-acre site is fenced and offers gated entry, with C2 zoning.

The property is located on Gordonsville Hwy in Carthage, Tennessee, and the listing identifies access to I-40 and proximity to downtown Carthage.

Key Highlights

• 13,100 square feet of self‑storage space across 85 units
• Five buildings on approximately 2.35 acres
• Fenced property with gated access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,893

Cap Rate

9.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,517,860 $2.5M

Cap Rate 7%

$1,798,471 $1.8M

Cap Rate 9%

$1,398,811 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,100 SF

Gross rent

$154.1K $11.76/SF

− Vacancy

−$5.9K −$0.45/SF

EGI

$148.1K $11.31/SF

− OpEx

−$22.2K −$1.70/SF

NOI

$125.9K $9.61/SF

Area

Smith County, TN

Vacancy

3.86%

Lease Rate

$11.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,517,860

Cap Rate 7%

$1,798,471

Cap Rate 9%

$1,398,811

Alternative Uses

Best Use

Self Storage

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,672 @ 7.0% cap · market cap 9.34%

Second Best

Warehouse

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,893 @ 7.0% cap · market cap 9.00%

Theoretical Best

Office A

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,812 @ 7.0% cap · market cap 19.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Hwy 53 Mini ... Storage Facility

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

Demographics for 37030, TN

7,258

Population

3,364

Households

2.2

Avg Household Size

41

Median Age

20%

College-Educated

85%

High-School Grad

65.0 sq mi

ZIP Area

112

Density / Sq Mi

$57,510

Median Household Income

$39,926

Median Earnings

$918

Median Rent

$226,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

88-Unit Self-Storage Facility

28 Cookeville Hwy, Carthage, TN 37030

$1,150,000

11,450 SF

View details

Commercial Flex Space

105 Hunter Ave, Carthage, TN 37030

$899,900

10,000 SF

View details

C1-Zoned Flex and Industrial Building

315 Spring Street, Carthage, TN 37030

$260,000

2,704 SF

View details

Frequently Asked Questions

What type of property is this?

Self storage facility - Five buildings provide a multi-structure storage layout on a 2.35-acre C2-zoned site.

Where is this self storage facility located?

The property is located at 168 Gordonsville Hwy Carthage, TN.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: 13,100 square feet of self‑storage space across 85 units; Five buildings on approximately 2.35 acres; Fenced property with gated access