Self-Storage Facility with Multiple Unit
For Sale
$850,000
285 Co Rd 395, Cullman, AL 35057
Built in 2022, the property accommodates personal, vehicle, RV, and boat storage uses through varied unit configurations.
Property Size12,000 SF
Price / SF$70.83
Days on Market191
Property Features for 285 Co Rd 395
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,920
Building Details
Year Built
2022
Listing Agency:
Integrity Real Estate
(256) 590-6042
Listed By:
TONYA FREEMAN · License #125603
(256) 590-6042
Source:
Exitrealty
Added: Feb 19
Changed: Aug 29
Last Checked: Aug 29 at 3:49PM
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 Integrity Real Estate
Investment Insights
Based on property information with market context.
Completed in 2022, this self-storage property at 285 Co Rd 395 includes several unit configurations for personal storage and vehicle-related uses. The inventory includes 50 smaller units, 25 units measuring 12x40, and 11 units measuring 13x45. The property information also identifies potential applications for vehicle, RV, and boat storage.
The facility is located in Cullman, Alabama, near Smith Lake Park and serves an area associated with lake travel. Its varied unit sizes provide distinct storage options within one property, supporting both smaller storage needs and larger vehicle or recreational equipment requirements.
The facility is located in Cullman, Alabama, near Smith Lake Park and serves an area associated with lake travel. Its varied unit sizes provide distinct storage options within one property, supporting both smaller storage needs and larger vehicle or recreational equipment requirements.
Key Highlights
- 50 smaller storage units
- 25 units measuring 12x40
- 11 units measuring 13x45
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
$68,040
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
8.00%
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%
$1,360,800
$1.4M
Cap Rate 7%
$972,000
$972.0K
Cap Rate 9%
$756,000
$756.0K
Market Conditions
NOI Build-Up for 12,000 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
$108.0K $9.00/SF
− Vacancy
−$10.8K −$0.90/SF
EGI
$97.2K $8.10/SF
− OpEx
−$29.2K −$2.43/SF
NOI
$68.0K $5.67/SF
Area
Cullman County, AL
Vacancy
10.00%
Lease Rate
$9.00 /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%
$1,360,800
Cap Rate 7%
$972,000
Cap Rate 9%
$756,000
Alternative Uses
Best Use
Self Storage
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 8.00%
Second Best
Warehouse
$723.9K
$633.4K – $844.6K
NOI $50,674 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 35057, AL
13,954
Population
6,312
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
127.9 sq mi
ZIP Area
109
Density / Sq Mi
$77,054
Median Household Income
$36,732
Median Earnings
$845
Median Rent
$191,300
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 - Built in 2022, the property accommodates personal, vehicle, RV, and boat storage uses through varied unit configurations.
Where is this self storage facility located?
The property is located at 285 Co Rd 395 Cullman, AL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 50 smaller storage units; 25 units measuring 12x40; 11 units measuring 13x45
