Turnkey Self-Storage
For Sale
$489,000
506 W Edgewood St, Springfield, MO 65807
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 Market197
Property Features for 506 W Edgewood St
General Information
Standard status
Active
Size
5,380 SF
Additional Details
Business Included
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$6,075
Building Details
Tenancy
Multi
Listing Agency:
Murney Associates - Primrose
Listed By:
Trent Jackson · License ##2006010451
(417) 823-2300
Source:
Exprealty
Added: Apr 7
Changed: Oct 20
Last Checked: Oct 19 at 8:14AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,655
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,100
$873.1K
Cap Rate 7%
$623,643
$623.6K
Cap Rate 9%
$485,056
$485.1K
Market Conditions
NOI Build-Up for 5,380 SF
Gross rent
$67.8K $12.60/SF
− Vacancy
−$5.4K −$1.01/SF
EGI
$62.4K $11.59/SF
− OpEx
−$18.7K −$3.48/SF
NOI
$43.7K $8.11/SF
Area
Springfield, MO
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,100
Cap Rate 7%
$623,643
Cap Rate 9%
$485,056
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 authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
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 Midwest region
Frequently Asked Questions
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
