Self-Storage Property with 40
For Sale
$415,000
321 W Oak St, Amite, LA 70422
Multiple storage buildings and a commercial building support three current leases in Amite’s business district.
Property Size3,302 SF
Lot Size0.50 Acres
Price / SF$125.68
Days on Market82
Property Features for 321 W Oak St
General Information
Standard status
Active
Size
3,302 SF
Lot size
0.50 Acres
Additional Details
Highway Access
Yes
Self-Storage Units
40
Building Details
Year Built
1984
Listing Agency:
K Company Realty
Listed By:
Kimberly Doughty
(985) 517-6311
Source:
Fiorellaavenue
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 7 at 2:21PM
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 K Company Realty
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Investment Insights
Based on property information with market context.
This self-storage property includes 40 units distributed among multiple storage buildings, along with a main commercial building. The storage units have brand-new doors, while the primary building has a new roof. The property has also undergone numerous upgrades within the last two years.
Positioned at 321 W Oak St in Amite, the site is approximately half an acre and is outside a flood zone. Three current leases are in place. The surrounding business district includes banks, grocery stores, Walmart, restaurants, and other national businesses, with Interstate 55 only minutes away. The property was built in 1984 and combines storage facilities with an additional commercial building on the site.
Positioned at 321 W Oak St in Amite, the site is approximately half an acre and is outside a flood zone. Three current leases are in place. The surrounding business district includes banks, grocery stores, Walmart, restaurants, and other national businesses, with Interstate 55 only minutes away. The property was built in 1984 and combines storage facilities with an additional commercial building on the site.
Key Highlights
- 40 storage units across multiple storage buildings
- Three current leases in place
- Brand‑new doors installed on the storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,666
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
$393.3K
Cap Rate 7%
$280,943
$280.9K
Cap Rate 9%
$218,511
$218.5K
Market Conditions
NOI Build-Up for 3,302 SF
Gross rent
$30.9K $9.36/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$28.1K $8.51/SF
− OpEx
−$8.4K −$2.55/SF
NOI
$19.7K $5.96/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
Cap Rate 7%
$280,943
Cap Rate 9%
$218,511
Alternative Uses
Best Use
Self Storage
$280.9K
$245.8K – $327.8K
NOI $19,666 @ 7.0% cap · market cap 4.74%
Second Best
Warehouse
$230.7K
$201.9K – $269.1K
NOI $16,148 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$910.2K
$796.5K – $1.06M
NOI $63,717 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 70422, LA
13,863
Population
6,204
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
84%
High-School Grad
157.5 sq mi
ZIP Area
88
Density / Sq Mi
$50,412
Median Household Income
$36,534
Median Earnings
$844
Median Rent
$169,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Multiple storage buildings and a commercial building support three current leases in Amite’s business district.
Where is this self storage facility located?
The property is located at 321 W Oak St Amite, LA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 40 storage units across multiple storage buildings; Three current leases in place; Brand‑new doors installed on the storage units
