Five-Property Self Storage
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55 Beech Grove Road, Cullman, AL 35057
Cullman, Alabama portfolio with climate-controlled units and warehouse space.
Property Size137,935 SF
Price / SF$61.62
Days on Market119
Property Features for 55 Beech Grove Road
General Information
Standard status
Active
Size
137,935 SF
Property subtype
Retail
Occupancy
89%
Net Operating Income
$158,745
Building Details
Units
917
Tenancy
Multi
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: May 5
Changed: Aug 29
Last Checked: Aug 29 at 2:42PM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
This self-storage portfolio encompasses five properties with 917 units across 137,935 NRSF and a combined 16.05-acre footprint. The physical mix includes 131 climate-controlled units along with larger warehouse spaces, providing varied storage configurations within the portfolio.
The properties are located in Cullman, Alabama. Reported physical occupancy is 89.36%, while total vacancy is stated at 17.9%. The portfolio also includes an identified address at 55 Beech Grove Road, Cullman, AL 35057. Its scale spans multiple facilities rather than a single storage location.
The properties are located in Cullman, Alabama. Reported physical occupancy is 89.36%, while total vacancy is stated at 17.9%. The portfolio also includes an identified address at 55 Beech Grove Road, Cullman, AL 35057. Its scale spans multiple facilities rather than a single storage location.
Key Highlights
- 917 units across five self‑storage properties
- 137,935 NRSF on a combined 16.05‑acre footprint
- 131 climate‑controlled units
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
$782,091
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
9.20%
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%
$15,641,820
$15.6M
Cap Rate 7%
$11,172,729
$11.2M
Cap Rate 9%
$8,689,900
$8.7M
Market Conditions
NOI Build-Up for 137,935 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
$1.24M $9.00/SF
− Vacancy
−$124.1K −$0.90/SF
EGI
$1.12M $8.10/SF
− OpEx
−$335.2K −$2.43/SF
NOI
$782.1K $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 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%
$15,641,820
Cap Rate 7%
$11,172,729
Cap Rate 9%
$8,689,900
Alternative Uses
Best Use
Self Storage
$11.17M
$9.78M – $13.03M
NOI $782,091 @ 7.0% cap · market cap 9.20%
Second Best
Warehouse
$8.32M
$7.28M – $9.71M
NOI $582,472 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$20.34M
$17.79M – $23.72M
NOI $1,423,489 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 35057, AL
13,954
Population
6,312
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
127.9 sq mi
ZIP Area
109
Density / Sq Mi
$77,054
Median Household Income
$36,732
Median Earnings
$845
Median Rent
$191,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Cullman, Alabama portfolio with climate-controlled units and warehouse space.
Where is this self storage facility located?
The property is located at 55 Beech Grove Road Cullman, AL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 917 units across five self‑storage properties; 137,935 NRSF on a combined 16.05‑acre footprint; 131 climate‑controlled units
