Value-Add Storage and Warehouse
406 W Bobo Newsom Hwy Hartsville, SC 29550
406 W Bobo Newsom Hwy, Hartsville, SC, 29550
Contact for pricing
For Sale
Contact for pricing
Storage property with multiple buildings and roll-up door access, partially leased with surplus land on two parcels.
Property Size2,280 SF
Price / SF$81.14
Days on Market109
Property Features for 406 W Bobo Newsom Hwy
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Industrial, Land, Self Storage
Listing agency
The Virtual Realty Group
(704) 606-3550
Listed by
Erika McNew · License #106803
Source
Crexi
Added: Apr 6 Updated: Jul 23 at 3:22AM Checked: Jul 23 at 3:22AM
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 The Virtual Realty Group
Investment Insights
Based on property information with market context.
This for-sale self-storage and warehouse property includes multiple storage buildings plus a larger structure equipped with roll-up doors. The site contains 22 storage units across two parcels totaling 0.83 acres, with additional land on-site that may support future expansion. The property is partially occupied, with 5 units leased to 4 tenants generating approximately $700 per month, and the remaining units available to lease.
The property has road frontage and easy access. It is identified as two parcels: 057-00-02-026 and 057-00-02-027.
Because zoning, permitted uses, income, and development potential are not confirmed here, the buyer is responsible for verification during due diligence.
The property has road frontage and easy access. It is identified as two parcels: 057-00-02-026 and 057-00-02-027.
Because zoning, permitted uses, income, and development potential are not confirmed here, the buyer is responsible for verification during due diligence.
Key Highlights
- 22‑unit storage property on two parcels totaling 0.83 acres (057‑00‑02‑026 and 057‑00‑02‑027)
- Partially occupied: 5 units leased to 4 tenants generating approximately $700/month
- Multiple storage buildings plus a larger structure with roll‑up doors for flexible use
Local Financial Insights For Self Storage
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 | $22.7k | $9.96 |
| − Vacancy | −$1.9k | −$0.85 |
| EGI | $20.8k | $9.11 |
| − OpEx | −$6.2k | −$2.73 |
| NOI | $14.5k | $6.38 |
2,280 SF · lease $9.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$207.8K
$181.8K – $242.4K
NOI $14,545 @ 7.0% cap · market cap 7.86%
Second Best
Warehouse
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 7.38%
Theoretical Best
Specialty Retail
$4.22M
$3.69M – $4.92M
NOI $295,180 @ 7.0% cap · market cap 159.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Storage property with multiple buildings and roll-up door access, partially leased with surplus land on two parcels.
Where is this self storage facility located?
The property is located at 406 W Bobo Newsom Hwy Hartsville, SC.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 22‑unit storage property on two parcels totaling 0.83 acres (057‑00‑02‑026 and 057‑00‑02‑027); Partially occupied: 5 units leased to 4 tenants generating approximately $700/month; Multiple storage buildings plus a larger structure with roll‑up doors for flexible use
