Self Storage Development
For Sale
Contact for pricing
33601 US HWY 98, Lillian, AL 36549
For-sale land tract well suited for storage or warehouse development along US Highway 98 in Lillian, Alabama.
Property Size68,000 SF
Lot Size77.22 Acres
Price / SF$294.12
Days on Market133
Property Features for 33601 US HWY 98
General Information
Standard status
Active
Size
68,000 SF
Class
A
Lot size
77.22 Acres
Property subtype
Land, Self Storage, Business for Sale
Zoning
Storage
Occupancy
94%
Investment Type
Value Add
Net Operating Income
$22,100
Building Details
Year Built
2024
Buildings
5
Stories
2
Units
33
Listing Agency:
Sunset Properties
Listed By:
John Bobe · License #Alabama 70212
(251) 979-4100
Source:
Crexi
Added: Jun 9
Changed: Oct 13
Last Checked: Oct 16 at 7:59AM
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 Sunset Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is a for-sale land parcel totaling 77.215 acres, presented as development property for storage and warehouse-oriented uses. The property is listed with a property size of 68,000 (units not specified in the provided information), and it is being marketed as land rather than an existing operating facility.
The parcel is located at 33601 US HWY 98 in Lillian, Alabama. With Highway 98 frontage, the site is positioned for businesses that benefit from straightforward vehicular access and visibility from a major roadway.
This tract may fit buyers seeking to develop new self-storage or warehouse space, subject to applicable permitting and site planning requirements. The open land configuration supports the layout planning typically associated with storage and industrial development. Buyers can evaluate the site’s dimensions, access points, and design approach in light of their intended product and tenant mix, using the acreage and existing property listing details as a starting point.
The parcel is located at 33601 US HWY 98 in Lillian, Alabama. With Highway 98 frontage, the site is positioned for businesses that benefit from straightforward vehicular access and visibility from a major roadway.
This tract may fit buyers seeking to develop new self-storage or warehouse space, subject to applicable permitting and site planning requirements. The open land configuration supports the layout planning typically associated with storage and industrial development. Buyers can evaluate the site’s dimensions, access points, and design approach in light of their intended product and tenant mix, using the acreage and existing property listing details as a starting point.
Key Highlights
- 77.215‑acre land tract for sale
- Located along US Highway 98 in Lillian, Alabama
- Well suited for storage or warehouse development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$584,338
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,686,760
$11.7M
Cap Rate 7%
$8,347,686
$8.3M
Cap Rate 9%
$6,492,644
$6.5M
Market Conditions
NOI Build-Up for 68,000 SF
Gross rent
$897.6K $13.20/SF
− Vacancy
−$62.8K −$0.92/SF
EGI
$834.8K $12.28/SF
− OpEx
−$250.4K −$3.68/SF
NOI
$584.3K $8.59/SF
Area
Baldwin County, AL
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,686,760
Cap Rate 7%
$8,347,686
Cap Rate 9%
$6,492,644
Alternative Uses
Best Use
Self Storage
$8.35M
$7.30M – $9.74M
NOI $584,338 @ 7.0% cap · market cap 2.92%
Second Best
Warehouse
$6.13M
$5.37M – $7.15M
NOI $429,200 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$16.35M
$14.31M – $19.08M
NOI $1,144,685 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 36549, AL
5,465
Population
3,042
Households
1.8
Avg Household Size
61
Median Age
26%
College-Educated
94%
High-School Grad
29.0 sq mi
ZIP Area
188
Density / Sq Mi
$65,759
Median Household Income
$31,250
Median Earnings
$845
Median Rent
$198,000
Median Home Value
Check the figures for this property
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 - For-sale land tract well suited for storage or warehouse development along US Highway 98 in Lillian, Alabama.
Where is this self storage facility located?
The property is located at 33601 US HWY 98 Lillian, AL.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 77.215‑acre land tract for sale; Located along US Highway 98 in Lillian, Alabama; Well suited for storage or warehouse development
