Expanded Self Storage
For Sale
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322 Greenville Bypass, Greenville, AL 36037
Self-storage property with climate-controlled and non-climate-controlled units, office tenants, and an on-site shop area.
Property Size56,982 SF
Price / SF$74.58
Days on Market8
Property Features for 322 Greenville Bypass
General Information
Standard status
Active
Size
56,982 SF
Property subtype
Self Storage
Occupancy
68%
Investment Type
Value Add
Net Operating Income
$222,338
Building Details
Year Built
1988
Year Renovated
1996
Units
339
Tenancy
Multi
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 20 at 11:55AM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
This self-storage facility at 322 Greenville Bypass includes 339 units totaling 56,982 net rentable square feet on 4.58 acres. The unit mix comprises 67 climate-controlled units and 272 non-climate-controlled units, supplemented by two office tenants and a shop area. Originally built in 1988 and renovated in 1996, the property added 8,450 NRSF of climate-controlled storage that opened in May 2026.
The facility is positioned on Greenville Bypass in Greenville, Alabama. The recently added climate-controlled building is leasing at a stated pace of 3.25 monthly, with projected performance of an 8.64% Year Two cap rate. The property also carries a 7.18% Year One cap rate and a 22.0% levered IRR based on 70% LTV over a five-year hold period.
The facility is positioned on Greenville Bypass in Greenville, Alabama. The recently added climate-controlled building is leasing at a stated pace of 3.25 monthly, with projected performance of an 8.64% Year Two cap rate. The property also carries a 7.18% Year One cap rate and a 22.0% levered IRR based on 70% LTV over a five-year hold period.
Key Highlights
- 339 total units across 56,982 net rentable square feet
- 67 climate‑controlled units and 272 non‑climate‑controlled units
- 8,450 NRSF climate‑controlled expansion opened in May 2026
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 36037, AL
12,851
Population
6,613
Households
1.9
Avg Household Size
42
Median Age
15%
College-Educated
88%
High-School Grad
374.9 sq mi
ZIP Area
34
Density / Sq Mi
$48,571
Median Household Income
$33,979
Median Earnings
$729
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage property with climate-controlled and non-climate-controlled units, office tenants, and an on-site shop area.
Where is this self storage facility located?
The property is located at 322 Greenville Bypass Greenville, AL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 339 total units across 56,982 net rentable square feet; 67 climate‑controlled units and 272 non‑climate‑controlled units; 8,450 NRSF climate‑controlled expansion opened in May 2026
