Five-Property Self Storage
For Sale
Contact for pricing
Pending
55 Beech Grove Road, Cullman, AL 35057
Cullman, Alabama portfolio with climate-controlled units and warehouse space.
Property Size137,935 SF
Days on Market164
Property Features for 55 Beech Grove Road
General Information
Standard status
Pending
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: Oct 9
Last Checked: Oct 14 at 10:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$782,091
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
