Self-Storage Facility with
For Sale
$600,000
220 Bay Street SE, Fairburn, GA 30213
Commercial Sale, Fairburn, GA
Property Size9,052 SF
Lot Size0.71 Acres
Price / SF$66.28
Days on Market162
Property Features for 220 Bay Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
3
Fencing
Chain Link
Directions
Traveling through Fairburn, GA, on Hwy 29, you will turn onto East Campbellton Street. Go a short distance and turn right onto Bay Street SE. The property will be about 5 blocks down on your left at the intersection of Senoia and Bay.
Subdivision
Other Counties
Standard status
Active
APN
09F101400470242
Size
9,052 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Description
220 Bay St SE
Legal Description
220 Bay St SE
Amenities
security fence
cameras
Building Details
Year built
1987
Number of units
56
Building materials
Block
Listing Agency:
Fesperman Real Estate
(912) 283-1181
Listed By:
Harriet Bowman · License #368034
(912) 281-6178
Added: Mar 12
Changed: Aug 19
Last Checked: Aug 20 at 7:06PM
MLS# 1660517
Copyright © 2026 Golden Isles 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.
Investment Insights
Based on property information with market context.
This 9,052-square-foot self-storage property includes 56 units and a separate 1,824-square-foot, 4-bay shop. The shop has its own fenced area and parking for business operations, while the storage buildings are enclosed by a chain-link security fence with a coded lock. Camera surveillance is also in place. The facility was built in 1987 with block construction and occupies 0.71 acres.
Storage access is provided by a paved drive. The property is currently reported at 85% occupancy, and the unit mix includes sizes from 4x6 through 10xx20. The shop and storage components provide distinct areas for storage operations and commercial occupancy at the same property.
Storage access is provided by a paved drive. The property is currently reported at 85% occupancy, and the unit mix includes sizes from 4x6 through 10xx20. The shop and storage components provide distinct areas for storage operations and commercial occupancy at the same property.
Key Highlights
- 56 self‑storage units with reported 85% occupancy
- Separate 1,824‑square‑foot, 4‑bay shop with dedicated parking
- 0.71‑acre property with 9,052 square feet of improvements
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
$55,143
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
9.19%
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%
$1,102,860
$1.1M
Cap Rate 7%
$787,757
$787.8K
Cap Rate 9%
$612,700
$612.7K
Market Conditions
NOI Build-Up for 9,052 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
$85.8K $9.48/SF
− Vacancy
−$7.0K −$0.78/SF
EGI
$78.8K $8.70/SF
− OpEx
−$23.6K −$2.61/SF
NOI
$55.1K $6.09/SF
Area
Fulton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$1,102,860
Cap Rate 7%
$787,757
Cap Rate 9%
$612,700
Alternative Uses
Best Use
Self Storage
$1.34M
$1.18M – $1.57M
NOI $94,050 @ 7.0% cap · market cap 15.68%
Second Best
Warehouse
$949.3K
$830.6K – $1.11M
NOI $66,449 @ 7.0% cap · market cap 11.07%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,127 @ 7.0% cap · market cap 29.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
85%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 30213, GA
42,518
Population
16,933
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
62.1 sq mi
ZIP Area
685
Density / Sq Mi
$92,681
Median Household Income
$46,222
Median Earnings
$1,751
Median Rent
$281,300
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 property includes a separately fenced shop with dedicated parking and paved customer access.
Where is this self storage facility located?
The property is located at 220 Bay Street SE Fairburn, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 56 self‑storage units with reported 85% occupancy; Separate 1,824‑square‑foot, 4‑bay shop with dedicated parking; 0.71‑acre property with 9,052 square feet of improvements
