Property summary
This exceptional 15,320-square-foot self-storage facility in Plainville, Georgia, presents a compelling investment opportunity. Boasting a 6.51% cap rate and a pro-forma cap rate of 9.06%, the property offers significant potential for growth. Built in 2019 and renovated in 2023, the facility comprises three buildings situated on a 1.5-acre lot. The 126 units include 104 non-climate-controlled units, 18 portable units added in 2023, and 4 outdoor parking spaces. Recent improvements include a new camera system, enhanced lighting, and grading improvements to the property. Currently operating at 80% occupancy, the property generates a net operating income (NOI) of $86,248, with a pro-forma NOI of $120,063. Located in an undersupplied market, this facility offers a strong value proposition with a per capita net rentable square foot (NRSF) of 5.23 within a three-mile radius and 5.61 within a five-mile radius. The asking price is $1,325,000. This is a turnkey operation ready for immediate income generation and future expansion.
Property profile
VerifiedCap rate & NOI
Current use
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Storage Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-G · Plainville, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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