Self Storage Facility with
For Sale
Contact for pricing
Pending
5521 Russellville Rd, Bowling Green, KY 42101
Well-occupied storage facility offering climate and non-climate units plus warehouse spaces on an 8.99-acre site.
Property Size94,300 SF
Days on Market116
Property Features for 5521 Russellville Rd
General Information
Standard status
Pending
Size
94,300 SF
Total Parking Spaces
11
Property subtype
Self Storage
Occupancy
92%
Building Details
Year Built
1973
Year Renovated
2017
Buildings
25
Stories
1
Units
677
Listing Agency:
Franklin Street Tampa
Listed By:
Frank DeSalvo · License #FL
Source:
Crexi
Added: Jun 29
Changed: Oct 18
Last Checked: Oct 20 at 8:34PM
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 Franklin Street Tampa
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Investment Insights
Based on property information with market context.
Russellville Road Self Storage is a storage facility with a mix of climate-control units, non-climate units, and warehouse space. The property includes 85 climate-control units totaling 10,460 NRSF and 592 non-climate units totaling 81,420 NRSF. It also has two warehouse spaces totaling 2,420 NRSF, along with 11 outdoor parking rentals.
The facility is situated on an 8.99-acre parcel that includes additional room for future expansion. Public remarks indicate physical occupancy above 90% and economic occupancy below 70%, with upside tied to implementing existing customer rent increases and maximizing fee income. The warehouse spaces may be leased or converted into additional climate-control units, and there is also stated opportunity related to tenant insurance sales.
Overall, the site is designed to support both self-storage operations and additional capacity through future expansion and flexible use of the existing warehouse area.
The facility is situated on an 8.99-acre parcel that includes additional room for future expansion. Public remarks indicate physical occupancy above 90% and economic occupancy below 70%, with upside tied to implementing existing customer rent increases and maximizing fee income. The warehouse spaces may be leased or converted into additional climate-control units, and there is also stated opportunity related to tenant insurance sales.
Overall, the site is designed to support both self-storage operations and additional capacity through future expansion and flexible use of the existing warehouse area.
Key Highlights
- Russellville Road Self Storage built in 1973 on an 8.99‑acre parcel with room for future expansion
- 85 climate‑control units totaling 10,460 NRSF plus 592 non‑climate units totaling 81,420 NRSF
- 2 warehouse spaces totaling 2,420 NRSF and 11 outdoor parking rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$618,091
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,361,820
$12.4M
Cap Rate 7%
$8,829,871
$8.8M
Cap Rate 9%
$6,867,678
$6.9M
Market Conditions
NOI Build-Up for 94,300 SF
Gross rent
$769.5K $8.16/SF
− Vacancy
−$42.3K −$0.45/SF
EGI
$727.2K $7.71/SF
− OpEx
−$109.1K −$1.16/SF
NOI
$618.1K $6.55/SF
Area
Warren County, KY
Vacancy
5.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,361,820
Cap Rate 7%
$8,829,871
Cap Rate 9%
$6,867,678
Alternative Uses
Best Use
Self Storage
$11.70M
$10.24M – $13.65M
NOI $819,052 @ 7.0% cap · market cap 10.50%
Second Best
Warehouse
$8.83M
$7.73M – $10.30M
NOI $618,091 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$20.83M
$18.22M – $24.30M
NOI $1,457,863 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Well-occupied storage facility offering climate and non-climate units plus warehouse spaces on an 8.99-acre site.
Where is this self storage facility located?
The property is located at 5521 Russellville Rd Bowling Green, KY.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Russellville Road Self Storage built in 1973 on an 8.99‑acre parcel with room for future expansion; 85 climate‑control units totaling 10,460 NRSF plus 592 non‑climate units totaling 81,420 NRSF; 2 warehouse spaces totaling 2,420 NRSF and 11 outdoor parking rentals
