Climate-Controlled Self Storage
3832 Morganton Rd Maryville, TN 37801
For Sale
Contact for pricing
Well maintained self-storage facility with a single long-term retail tenant and a large climate-controlled building.
Property Size13,320 SF
Price / SF$90.09
Days on Market135
Property Features for 3832 Morganton Rd
General Information
- Standard status
- Active
- Size
- 13,320 SF
- Property subtype
- Self Storage
Listing Agency:
EquiCap Commercial, LLC, TN
Listed By:
Anne Blackwell · License #TN 255603
Source:
Crexi
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 24 at 6:23AM
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 EquiCap Commercial, LLC, TN
Investment Insights
Based on property information with market context.
Well maintained self-storage property featuring a large climate building and a single long-term retail tenant. The facility maintains 94% occupancy by area, and the property is reported to have achieved rents that exceed gross potential. Operations include a diversified tenant base with one additional long-term tenant in the music business, and a recently implemented 10% rent increase reported with no pushback.
The property is located at 3832 Morganton Rd in Maryville, TN, an area described as having experienced approximately 40% population growth since 2000. The remarks also note a restrictive approval environment in Blount County that limits new self-storage supply.
Recent capital improvements include a modernized PDK gate controller with ground-loop exit, mostly LED lighting throughout, and six Hikvision POE cameras routed to an internet-enabled NVR. Additional updates include a new mini-split HVAC system in the office and a new water heater in 2025. The remarks state all HVAC systems were upgraded within the last few years and the facility is fully set up for remote management with no deferred maintenance.
The property is located at 3832 Morganton Rd in Maryville, TN, an area described as having experienced approximately 40% population growth since 2000. The remarks also note a restrictive approval environment in Blount County that limits new self-storage supply.
Recent capital improvements include a modernized PDK gate controller with ground-loop exit, mostly LED lighting throughout, and six Hikvision POE cameras routed to an internet-enabled NVR. Additional updates include a new mini-split HVAC system in the office and a new water heater in 2025. The remarks state all HVAC systems were upgraded within the last few years and the facility is fully set up for remote management with no deferred maintenance.
Key Highlights
- Self‑storage facility in Maryville, TN with 94% occupancy by area (highest in the portfolio).
- Income diversification: one long‑term retail tenant plus a single large climate‑controlled building with another long‑term music‑business tenant.
- Recent rent increase: the additional long‑term tenant received a 10% rent increase with zero pushback.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.3k | $6.48 |
| − Vacancy | −$4.4k | −$0.33 |
| EGI | $81.9k | $6.15 |
| − OpEx | −$12.3k | −$0.92 |
| NOI | $69.6k | $5.23 |
13,320 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$1.63M
$1.42M – $1.90M
NOI $113,846 @ 7.0% cap · market cap 9.49%
Second Best
Warehouse
$994.6K
$870.3K – $1.16M
NOI $69,625 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$5.36M
$4.69M – $6.26M
NOI $375,381 @ 7.0% cap · market cap 31.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creekside Self Storage ...
Storage Facility
Creekside Storage - Maryville
Storage Facility
JM Quality Pools ...
General Contractor
FAQs
What type of property is this?
Self storage facility - Well maintained self-storage facility with a single long-term retail tenant and a large climate-controlled building.
Where is this self storage facility located?
The property is located at 3832 Morganton Rd Maryville, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Self‑storage facility in Maryville, TN with 94% occupancy by area (highest in the portfolio).; Income diversification: one long‑term retail tenant plus a single large climate‑controlled building with another long‑term music‑business tenant.; Recent rent increase: the additional long‑term tenant received a 10% rent increase with zero pushback.
