Self Storage Facility with
For Sale
Contact for pricing
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
Price / SF$82.71
Days on Market70
Property Features for 5521 Russellville Rd
General Information
Standard status
Active
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: Aug 31
Last Checked: Sep 5 at 6:14PM
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
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
$618,091
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
7.92%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
