Self-Storage Facility with Climate
For Sale
Contact for pricing
432 65th St, Tuscaloosa, AL 35405
A blend of climate-controlled and conventional units is complemented by open parking spaces for vehicle storage.
Property Size27,425 SF
Price / SF$102.10
Days on Market11
Property Features for 432 65th St
General Information
Standard status
Active
Size
27,425 SF
Property subtype
Self Storage
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Self-Storage Units
230
Listing Agency:
Superior Capital Advisors
Listed By:
Michael Morrison · License #AL 106088
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 26 at 6:07AM
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 Superior Capital Advisors
Investment Insights
Based on property information with market context.
This self-storage property contains 27,425 net rentable square feet across 230 units: 160 non-climate-controlled units and 58 climate-controlled units, plus 12 open parking spaces. A former office building was converted to add the climate-controlled units and 7,075 net rentable square feet. Improvements include HVAC, an entry gate, perimeter fencing, paint, signage, a security system, bollards and ground work.
The facility sits just off Skyland Boulevard/US-11, a corridor with more than 20,000 vehicles per day. Connections to I-20/I-59, US-11, US-82/McFarland Boulevard and AL-69 link the property with downtown Tuscaloosa, Birmingham and employment centers. Walmart, Sam’s Club, Lowe’s, restaurants and residential areas are also identified nearby, with access to the University of Alabama and major employers.
The facility sits just off Skyland Boulevard/US-11, a corridor with more than 20,000 vehicles per day. Connections to I-20/I-59, US-11, US-82/McFarland Boulevard and AL-69 link the property with downtown Tuscaloosa, Birmingham and employment centers. Walmart, Sam’s Club, Lowe’s, restaurants and residential areas are also identified nearby, with access to the University of Alabama and major employers.
Key Highlights
- 27,425 net rentable square feet in 230 units
- Unit mix includes 160 non‑climate‑controlled and 58 climate‑controlled units
- 12 open parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,323,020
$3.3M
Cap Rate 7%
$2,373,586
$2.4M
Cap Rate 9%
$1,846,122
$1.8M
Market Conditions
NOI Build-Up for 27,425 SF
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.
Gross rent
$204.0K $7.44/SF
− Vacancy
−$8.6K −$0.31/SF
EGI
$195.5K $7.13/SF
− OpEx
−$29.3K −$1.07/SF
NOI
$166.2K $6.06/SF
Area
Tuscaloosa, AL
Vacancy
4.20%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,323,020
Cap Rate 7%
$2,373,586
Cap Rate 9%
$1,846,122
Alternative Uses
Best Use
Self Storage
$3.78M
$3.31M – $4.42M
NOI $264,926 @ 7.0% cap · market cap 9.46%
Second Best
Warehouse
$2.37M
$2.08M – $2.77M
NOI $166,151 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$6.59M
$5.77M – $7.69M
NOI $461,332 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - A blend of climate-controlled and conventional units is complemented by open parking spaces for vehicle storage.
Where is this self storage facility located?
The property is located at 432 65th St Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 27,425 net rentable square feet in 230 units; Unit mix includes 160 non‑climate‑controlled and 58 climate‑controlled units; 12 open parking spaces
