Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2755 Us Highway 641 Paris, TN 38242

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Self-storage facility with 38 units and expansion possibilities.

    Property size:
    4,540 SF
    Lot size:
    0.60 Acres

    Property Features for 2755 Us Highway 641

    General Information

    Standard status
    Active
    Size
    4,540 SF
    Lot size
    0.60 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Norah Bass
    Source: Crexi

    Listing Agency: Bass Realty Company Listing Agent: Norah Bass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Storage Units with Expansion Potential

    This property features 38 rental storage units situated along the perimeter, offering potential for expansion. The existing units on the left side of the property are older but are reported to be in good condition, requiring only cleaning.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Henry
    State
    Tennessee
    Longitude
    -88.308573
    Latitude
    36.284896

    Nearby Similar for Sale

    • $455,000
      4,501 SF

      Downtown Paris Commercial Investment Opportunity

      Renovated 5-unit property in downtown Paris, TN. $50,000+ GRI.
      117 E Wood St, Paris, TN 38242
      View Details
    • New
      $645,000
      6,000 SF

      Versatile Commercial Building with Warehouse

      Multi-purpose building featuring office, warehouse, and commercial space.
      Industrial Park Rd, Paris, TN 38242
      View Details
    • $248,000
      4,050 SF

      Paris, TN Investment Opportunity

      Three-suite commercial building in Paris, TN, fully leased.
      113 Wood St, Paris, TN 38242
      View Details
    • $793,500
      2,250 SF

      Commercial Investment Opportunity in Paris

      Commercial property for sale with long-term triple net lease.
      1052 Mineral Wells Ave, Paris, TN 38242
      View Details
    • $1,800,000
      1,605 SF

      Commercial Property with Residential Component

      Commercial property with residence, shop, office, and fuel tank.
      2819 Highway 54, Paris, TN 38242
      View Details
    • New
      $1,498,900
      9,042 SF

      Versatile Commercial Venue on 39 Acres

      Commercial venue with vineyards, event center, and airplane hangar.
      2982 Harvey Bowden Rd, Paris, TN 38242
      View Details
    • $525,000
      4,540 SF

      Paris, TN Storage Facility

      Commercial property with 38 storage units on 0.6 acres.
      2755 Highway 641, Paris, TN 38242
      View Details
    • $400,000
      2,546 SF

      Paris, TN Commercial Property

      Commercial property available in Paris, Tennessee, totaling 2,546 square feet.
      1400 Mineral Wells Ave, Paris, TN 38242
      View Details
    • New
      Contact for pricing
      1,750 SF

      Versatile Commercial Building for Lease

      Multi-purpose commercial building for lease in Paris, Tennessee.
      780 Fairgrounds Rd, Paris, TN 38242
      View Details
    • $259,900
      2,336 SF

      Commercial Building Near Downtown Paris

      Commercial building near downtown Paris, Tennessee, suitable for various businesses.
      707 E Wood St, Paris, TN 38242
      View Details
    • New
      $1,498,900
      39.40 Acres

      Former Winery Venue on 39 Acres

      Versatile commercial property with event center, warehouse, and landing strip.
      2982 Harvey Bowden Rd, Paris, TN 38242
      View Details
    • $500,000
      6,500 SF

      Manufacturing and Warehouse Opportunity

      Two buildings on 1.37 acres at major intersection.
      Hwy 79 & Hwy 218, Paris, TN 38242
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Self-storage facility with 38 units and expansion possibilities.
    Where is this self storage facility located?
    The property is located at 2755 Us Highway 641 Paris, TN.
    What are key features of this property?
    This property features: - 38 rental storage units provide immediate income potential.; - Room for expansion with the addition of more storage units.; - Newer construction, built in 2022.
    Request Owner's contact information
    2755 Us Highway 641 Paris, TN 38242
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2755 Us Highway 641
    Paris, TN 38242
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2755 Us Highway 641 Paris, TN 38242
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Norah Bass
    Real Estate License ID: 378057
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!