Self Storage Facility with
For Sale
Contact for pricing
206 Hwy 36 E, Hartselle, AL 35640
Self-storage operation combining individual units with a substantial warehouse component on a multi-acre property.
Property Size14,000 SF
Lot Size2.13 Acres
Price / SF$85.71
Days on Market233
Property Features for 206 Hwy 36 E
General Information
Standard status
Active
Size
14,000 SF
Lot size
2.13 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
14,000 SF
Self-Storage Units
53
Additional Details
Asking Price
$1,200,000
Listing Agency:
Chapman Commercial Realty, LLC
(256) 656-8413
Listed By:
William M. Chapman · License #000047305
(256) 656-8413
Source:
Moodyscre
Added: Jan 10
Changed: Aug 30
Last Checked: Aug 30 at 3:15PM
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 Chapman Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This self-storage property includes 53 mini storage units alongside a 14,000-square-foot warehouse. The improvements are situated on 2.13 acres, providing a combined storage and warehouse configuration.
The property is located at 206 Hwy 36 E in Hartselle, Alabama, within Morgan County. No zoning designation is identified for the property.
The property is located at 206 Hwy 36 E in Hartselle, Alabama, within Morgan County. No zoning designation is identified for the property.
Key Highlights
- 53 mini storage units
- 14,000 square feet of warehouse space
- Property encompasses 2.13 acres
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
$82,516
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
6.88%
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%
$1,650,320
$1.7M
Cap Rate 7%
$1,178,800
$1.2M
Cap Rate 9%
$916,844
$916.8K
Market Conditions
NOI Build-Up for 14,000 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
$104.2K $7.44/SF
− Vacancy
−$7.1K −$0.51/SF
EGI
$97.1K $6.93/SF
− OpEx
−$14.6K −$1.04/SF
NOI
$82.5K $5.89/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$7.44 /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%
$1,650,320
Cap Rate 7%
$1,178,800
Cap Rate 9%
$916,844
Alternative Uses
Best Use
Self Storage
$1.71M
$1.50M – $1.99M
NOI $119,658 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,516 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,885 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 35640, AL
25,913
Population
11,023
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
106.9 sq mi
ZIP Area
242
Density / Sq Mi
$69,686
Median Household Income
$43,844
Median Earnings
$767
Median Rent
$196,600
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 - Self-storage operation combining individual units with a substantial warehouse component on a multi-acre property.
Where is this self storage facility located?
The property is located at 206 Hwy 36 E Hartselle, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 53 mini storage units; 14,000 square feet of warehouse space; Property encompasses 2.13 acres
