Harriman Storage Facility For
For Sale
Contact for pricing
Pending
3010 Roane State Hwy, Harriman, TN 37748
High-visibility storage facility with strong occupancy and recent upgrades.
Property Size14,925 SF
Days on Market153
Property Features for 3010 Roane State Hwy
General Information
Standard status
Pending
Size
14,925 SF
Class
B
Property subtype
Self Storage
Zoning
Commercial
Occupancy
89%
Investment Type
Stabilized
Net Operating Income
$142,924
Building Details
Year Built
2000
Year Renovated
2024
Buildings
6
Stories
1
Units
120
Listing Agency:
EquiCap Commercial, LLC, TN
Listed By:
Anne Blackwell · License #TN 255603
Source:
Crexi
Added: Mar 12
Changed: Aug 7
Last Checked: Jul 24 at 5:32PM
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 EquiCap Commercial, LLC, TN
Investment Insights
Based on property information with market context.
This storage facility benefits from excellent visibility, situated directly off Roane State Highway, which experiences traffic counts ranging from 9,777 to 10,690 vehicles per day. The area is anticipated to grow, with Roane County having approved the future expansion of Roane State Highway from two lanes to four lanes, which is expected to enhance long-term exposure and visibility. The facility has maintained high occupancy for years, supported by strong local demand and above-average rates. Access is controlled via a PDK access controller with a LiftMaster motor and closed-loop exit. Lighting has been upgraded to LED across pole lights and most wall packs. Surveillance is provided by a 13-camera Hikvision system with an on-site NVR and internet connectivity, allowing for remote monitoring. Substantial capital investment has been made within the last three years, including new LED lighting, high-tech cameras, and PDK access control. The facility also features a new roof installed three years ago, freshly painted buildings, and new bollards. The property size is 14,925 square feet and is located in Harriman, TN.
Key Highlights
- High occupancy rates supported by strong local demand and above‑average rates.
- Substantial capital investment within the last three years, including a new roof.
- Excellent visibility directly off Roane State Hwy with high traffic counts.
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
$149,943
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
9.09%
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%
$2,998,860
$3.0M
Cap Rate 7%
$2,142,043
$2.1M
Cap Rate 9%
$1,666,033
$1.7M
Market Conditions
NOI Build-Up for 14,925 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
$232.8K $15.60/SF
− Vacancy
−$18.6K −$1.25/SF
EGI
$214.2K $14.35/SF
− OpEx
−$64.3K −$4.31/SF
NOI
$149.9K $10.05/SF
Area
Roane County, TN
Vacancy
8.00%
Lease Rate
$15.60 /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%
$2,998,860
Cap Rate 7%
$2,142,043
Cap Rate 9%
$1,666,033
Alternative Uses
Best Use
Self Storage
$2.14M
$1.87M – $2.50M
NOI $149,943 @ 7.0% cap · market cap 9.09%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,171 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$3.70M
$3.23M – $4.31M
NOI $258,764 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
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 - High-visibility storage facility with strong occupancy and recent upgrades.
Where is this self storage facility located?
The property is located at 3010 Roane State Hwy Harriman, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High occupancy rates supported by strong local demand and above‑average rates.; Substantial capital investment within the last three years, including a new roof.; Excellent visibility directly off Roane State Hwy with high traffic counts.
