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Two Creekside Storage Properties
For Sale
Contact for pricing
Pending

318 Boyd School Rd, Morristown, TN 37813

Two storage facilities with high occupancy and strong achieved rents.

Property Size29,533 SF
Days on Market155

Property Features for 318 Boyd School Rd

General Information

Standard status Pending
Size 29,533 SF
Class B
Total Parking Spaces 7
Property subtype Self Storage
Zoning Commercial
Occupancy 82%
Investment Type Stabilized

Building Details

Year Built 1990
Year Renovated 1995
Buildings 6
Stories 1
Units 169
Listing Agency: EquiCap Commercial, LLC, TN
Listed By: Anne Blackwell · License #TN 255603
Source: Crexi
Added: Mar 11 Changed: Aug 8 Last Checked: Jul 24 at 3:16PM

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.

The two Creekside Storage properties are located in Morristown, Tennessee, approximately five miles apart. One property is located at 318 Boyd School Rd (Morristown East) and the other at 3303 W Andrew Johnson Hwy (Morriston West). The sites consist of 29,533 Net Rentable Square Feet with unit sizes ranging from 6 x 6 up to 26 x 40, with a total of 169 drive-up units. The Morristown West location has prime visibility along Andrew Johnson Hwy with a traffic count of 33,369 vehicles per day. It is adjacent to established residential neighborhoods and the Morristown Country Club. The facility is stabilized with predictable occupancy and achieved rents. It is well-lit with new LED lighting installed in the last two years, including pole lights and wall packs. A PDK gate controller with Viking motor was installed along with a closed-loop exit and full camera coverage with NVR and internet-enabled remote monitoring. Recent tree trimming, door replacements, and lighting upgrades have been completed. Seven additional parking spots are ready to support new tenants. The Morristown East location is located 5.8 miles east of the West facility off E Morris Blvd, with a traffic count of 18,950 vehicles per day. It is close to local amenities such as Frank Larino Park and ongoing residential development. The site boasts full LED lighting and a PDK gate controller for access, along with 12 Hikvision cameras routed to on-site NVR. Recent tree trimming, LED lighting upgrades, and a PDK controller have been installed. The office area contains approximately 1,000 sq ft of space that could be converted into indoor units or potentially climate control.

Key Highlights

  • Competitive 7.71% in‑place cap rate with projected increase to 8.70% in Year 1 and 9%+ thereafter.
  • Two strategically located properties with a combined 29,533 Net Rentable Square Feet and 169 drive‑up units.
  • High occupancy rates (83% physical, 86% economic) demonstrate stable income.

Property Analytics

Current Use

Creekside Storage - Morristown ... Storage Facility

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Garden Center Gym & Fitness Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147
Businesses Nearby

Demographics for 37813, TN

18,030
Population
7,492
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
58.0 sq mi
ZIP Area
311
Density / Sq Mi
$47,783
Median Household Income
$34,827
Median Earnings
$813
Median Rent
$158,400
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Two storage facilities with high occupancy and strong achieved rents.
Where is this self storage facility located?
The property is located at 318 Boyd School Rd Morristown, TN.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Competitive 7.71% in‑place cap rate with projected increase to 8.70% in Year 1 and 9%+ thereafter.; Two strategically located properties with a combined 29,533 Net Rentable Square Feet and 169 drive‑up units.; High occupancy rates (83% physical, 86% economic) demonstrate stable income.
More about this property
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