Fenced Self-Storage
401 Shady Lane Dr Sw, Hanceville, AL 35077
For Sale
$495,000
Fenced storage property with indoor and outdoor units, online rentals, security cameras, and additional rear space.
Property Size5,070 SF
Lot Size1.60 Acres
Price / SF$97.63
Days on Market103
Property Features for 401 Shady Lane Dr Sw
General Information
Standard status
Size
Lot size
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Self-Storage Units
Taxes and HOA fees
Annual Taxes
Amenities
Security cameras
Listing Agency:
DOVER REAL ESTATE LLC
2565316
Listed By:
Betty Dover
(256) 531-6002
Source:
Exprealty
Added: Aug 1
Changed: Nov 5
Last Checked: Nov 10 at 1:17PM
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 DOVER REAL ESTATE LLC
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.
This self-storage property includes a 5,070-square-foot building on 1.6 acres. The interior contains 42 units in mixed sizes, complemented by five exterior units. The site also accommodates RV parking spaces and includes additional area at the rear identified for future units or open-space rentals.
The property is enclosed by fencing and has a lock gate, although no lock is currently installed. Units are rented through an online platform, and security cameras are in place. The facility is located at 401 Shady Lane Dr SW in Hanceville, Alabama.
The property is enclosed by fencing and has a lock gate, although no lock is currently installed. Units are rented through an online platform, and security cameras are in place. The facility is located at 401 Shady Lane Dr SW in Hanceville, Alabama.
Key Highlights
- 5,070‑square‑foot self‑storage building on 1.6 acres
- 42 interior units in mixed sizes
- Five exterior storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,747
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,940
$574.9K
Cap Rate 7%
$410,671
$410.7K
Cap Rate 9%
$319,411
$319.4K
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$45.6K $9.00/SF
− Vacancy
−$4.6K −$0.90/SF
EGI
$41.1K $8.10/SF
− OpEx
−$12.3K −$2.43/SF
NOI
$28.7K $5.67/SF
Area
Cullman County, AL
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,940
Cap Rate 7%
$410,671
Cap Rate 9%
$319,411
Alternative Uses
Best Use
Self Storage
$410.7K
$359.3K – $479.1K
NOI $28,747 @ 7.0% cap · market cap 5.81%
Second Best
Warehouse
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$747.5K
$654.0K – $872.0K
NOI $52,322 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 35077, AL
13,813
Population
6,045
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
79%
High-School Grad
150.2 sq mi
ZIP Area
92
Density / Sq Mi
$47,720
Median Household Income
$29,221
Median Earnings
$822
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced storage property with indoor and outdoor units, online rentals, security cameras, and additional rear space.
Where is this self storage facility located?
The property is located at 401 Shady Lane Dr Sw Hanceville, AL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,070‑square‑foot self‑storage building on 1.6 acres; 42 interior units in mixed sizes; Five exterior storage units
