New Self-Storage Facility For
For Sale
Contact for pricing
Pending
21 Lloyd Dr, Anniston, AL 36201
New self-storage facility with expansion potential in Anniston, Alabama.
Property Size17,100 SF
Days on Market172
Property Features for 21 Lloyd Dr
General Information
Standard status
Pending
Size
17,100 SF
Property subtype
Self Storage
Occupancy
46%
Investment Type
Value Add
Building Details
Year Built
2025
Buildings
5
Stories
1
Units
134
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Stacey Gorman · License #GA 257960
Source:
Crexi
Added: Mar 13
Changed: Aug 27
Last Checked: Aug 31 at 1:19PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This property is a new build self-storage facility offering a lease-up opportunity. The property offers expansion possibilities. The property contains 17,100 square feet.
Key Highlights
- New build, completed in 2025
- Lease‑up opportunity
- Expansion available
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
$66,434
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
5.65%
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%
$1,328,680
$1.3M
Cap Rate 7%
$949,057
$949.1K
Cap Rate 9%
$738,156
$738.2K
Market Conditions
NOI Build-Up for 17,100 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
$102.6K $6.00/SF
− Vacancy
−$7.7K −$0.45/SF
EGI
$94.9K $5.55/SF
− OpEx
−$28.5K −$1.67/SF
NOI
$66.4K $3.89/SF
Area
Calhoun County, AL
Vacancy
7.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,328,680
Cap Rate 7%
$949,057
Cap Rate 9%
$738,156
Alternative Uses
Best Use
Self Storage
$2.03M
$1.78M – $2.37M
NOI $142,204 @ 7.0% cap · market cap 12.10%
Second Best
Industrial
$949.1K
$830.4K – $1.11M
NOI $66,434 @ 7.0% cap · market cap 5.65%
Theoretical Best
Healthcare Medical
$2.63M
$2.30M – $3.07M
NOI $184,021 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 36201, AL
17,631
Population
9,543
Households
1.8
Avg Household Size
41
Median Age
6%
College-Educated
79%
High-School Grad
38.9 sq mi
ZIP Area
453
Density / Sq Mi
$33,754
Median Household Income
$26,680
Median Earnings
$709
Median Rent
$75,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - New self-storage facility with expansion potential in Anniston, Alabama.
Where is this self storage facility located?
The property is located at 21 Lloyd Dr Anniston, AL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: New build, completed in 2025; Lease‑up opportunity; Expansion available
