Property profile

3465 Rome SW Rd Plainville, GA 30733

OFF-MARKET
Warehouses
Property ID
US22-2726874
2,600 SF 1.5 ac lot Built 2019
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2019
Total area 2,600 SF
Lot 1.5 ac (65,340 SF)
Zoning code C-G
APN 027 - -051A
UPID US22-2726874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

3465 Rome SW Rd Plainville, GA 30733
Plainville metro Census 970700 CALHOUN, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k

Owner & transaction history

since 2022
Last sale
$760,000
7 recorded transactions
2022
$760,000
2021
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2019
$75,000
1969
Price N/A

Zoning & alternative use

C-G · Plainville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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