Self Storage Facility with
5521 Russellville Rd Bowling Green, KY 42101
5521 Russellville Rd, Bowling Green, KY, 42101
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For Sale
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Well-occupied storage facility offering climate and non-climate units plus warehouse spaces on an 8.99-acre site.
Property Size94,300 SF
Price / SF$82.71
Days on Market24
Property Features for 5521 Russellville Rd
General Information
- Standard status
- Active
- Size
- 94,300 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 1973
Listing agency
Franklin Street Tampa
Listed by
Frank DeSalvo · License #FL
Source
Crexi
Added: Jun 29 Updated: Jul 22 at 3:47PM Checked: Jul 22 at 3:47PM
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
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
Local Financial Insights For Warehouse
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 | $769.5k | $8.16 |
| − Vacancy | −$42.3k | −$0.45 |
| EGI | $727.2k | $7.71 |
| − OpEx | −$109.1k | −$1.16 |
| NOI | $618.1k | $6.55 |
94,300 SF · lease $8.16/SF/yr · vacancy 5.50% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Russellville Road Self-Storage
Storage Facility
Huff's Auto Sales
Car Dealership
Similar For Sale Nearby
FAQs
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
