Turnkey Self-Storage
506 W Edgewood St Springfield, MO 65807
506 W Edgewood St, Springfield, MO, 65807
$489,000
For Sale
$489,000
Small, fully fenced self-storage facility with automated gated access, concrete drive, and 22 total units.
Property Size5,380 SF
Price / SF$90.89
Days on Market107
Property Features for 506 W Edgewood St
General Information
- Standard status
- Active
- Size
- 5,380 SF
Listing agency
Murney Associates - Primrose
(417) 823-2300
Listed by
Trent Jackson · License ##2006010451
(417) 823-2300
Source
Exprealty
Added: Apr 7 Updated: Jul 21 at 9:15AM Checked: Jul 21 at 9:15AM
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 Murney Associates - Primrose
Investment Insights
Based on property information with market context.
This self-storage facility is a turnkey operation with a fully fenced perimeter, automatic gate access, and a comprehensive security system. The property provides a smooth concrete drive for easy maneuvering and is configured with 22 total storage units.
The unit mix includes eight 12-by-30 units, twelve 10-by-20 units, and two 5-by-10 units, supporting a range of storage needs from smaller personal space to larger vehicle, equipment, or business storage. A central Springfield location is intended to provide visibility and convenient access for local residents and businesses.
The compact size of the facility is designed to keep operations manageable, while the diversified unit mix supports consistent demand across different storage sizes.
The unit mix includes eight 12-by-30 units, twelve 10-by-20 units, and two 5-by-10 units, supporting a range of storage needs from smaller personal space to larger vehicle, equipment, or business storage. A central Springfield location is intended to provide visibility and convenient access for local residents and businesses.
The compact size of the facility is designed to keep operations manageable, while the diversified unit mix supports consistent demand across different storage sizes.
Key Highlights
- 22‑unit self‑storage facility in Springfield, MO with a fully fenced perimeter and automated gate for secure access
- Unit mix: 8 units of 12x30 (360 SF) and 12 units of 10x20 (200 SF)
- Additional unit mix includes 2 units of 5x10 (50 SF), providing storage options for smaller and larger needs
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 | $67.8k | $12.60 |
| − Vacancy | −$5.4k | −$1.01 |
| EGI | $62.4k | $11.59 |
| − OpEx | −$18.7k | −$3.48 |
| NOI | $43.7k | $8.11 |
5,380 SF · lease $12.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$623.6K
$545.7K – $727.6K
NOI $43,655 @ 7.0% cap · market cap 8.93%
Second Best
Warehouse
$299.3K
$261.9K – $349.2K
NOI $20,952 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$812.0K
$710.5K – $947.4K
NOI $56,841 @ 7.0% cap · market cap 11.62%
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 - Small, fully fenced self-storage facility with automated gated access, concrete drive, and 22 total units.
Where is this self storage facility located?
The property is located at 506 W Edgewood St Springfield, MO.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 22‑unit self‑storage facility in Springfield, MO with a fully fenced perimeter and automated gate for secure access; Unit mix: 8 units of 12x30 (360 SF) and 12 units of 10x20 (200 SF); Additional unit mix includes 2 units of 5x10 (50 SF), providing storage options for smaller and larger needs
