Building Details

Building Size 16,440 SF

Year Built 1999

Buildings 6

Listed By: Alec Aurelio Show Phone

Source: Movetojacksonville

Added: May 8 Changed: Oct 4 Last Checked: Oct 7 at 9:01AM

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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 Alec Aurelio

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Investment Insights

Based on property information with market context.

The sale includes mini storage parcels totaling 16,440 square feet. The seller is open to including an adjacent 5.01 acres of vacant land, zoned for industrial use, for an additional cost.

Key Highlights

• Sale includes mini storage parcels (04922‑006‑000, 04922‑000‑000).
• Adjacent 5.01 acres of vacant land (parcels 04921‑000‑000, 04922‑001‑000) available for an additional $200,000.
• Land is zoned industrial.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,851

Cap Rate

8.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,697,020 $2.7M

Cap Rate 7%

$1,926,443 $1.9M

Cap Rate 9%

$1,498,344 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,440 SF

Gross rent

$207.1K $12.60/SF

− Vacancy

−$14.5K −$0.88/SF

EGI

$192.6K $11.72/SF

− OpEx

−$57.8K −$3.52/SF

NOI

$134.9K $8.20/SF

Area

Alachua County, FL

Vacancy

7.00%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,697,020

Cap Rate 7%

$1,926,443

Cap Rate 9%

$1,498,344

Alternative Uses

Best Use

Self Storage

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $134,851 @ 7.0% cap · market cap 8.99%

Second Best

Industrial

$1.59M

$1.39M – $1.86M (±1% cap)

NOI $111,513 @ 7.0% cap · market cap 7.43%

Theoretical Best

Office A

$4.14M

$3.63M – $4.84M (±1% cap)

NOI $290,120 @ 7.0% cap · market cap 19.34%

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

Property Analytics

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Current Use

Archer Mini Storage Storage Facility

Suggested Use

Top Pick Auto Repair Shop HVAC Service Building Supply Grocery & Convenience Store Real Estate Agency Hair Salon

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

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Explore this area Business Placement

Demographics for 32618, FL

7,183

Population

3,561

Households

2

Avg Household Size

44

Median Age

27%

College-Educated

92%

High-School Grad

92.0 sq mi

ZIP Area

78

Density / Sq Mi

$52,176

Median Household Income

$39,625

Median Earnings

$1,064

Median Rent

$195,000

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

Frequently Asked Questions

What type of property is this?

Self storage facility - Mini storage facility available for purchase.

Where is this self storage facility located?

The property is located at 16881 Sw Archer Road ARCHER Archer, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Sale includes mini storage parcels (04922‑006‑000, 04922‑000‑000).; Adjacent 5.01 acres of vacant land (parcels 04921‑000‑000, 04922‑001‑000) available for an additional $200,000.; Land is zoned industrial.