Gated Storage Condominium
For Sale
$274,900
6034 Lanier Islands Parkway A-cc, Buford, GA 30518
Flexible condominium storage space supports vehicle storage, business inventory, equipment, and customized private-use buildouts.
Property Size1,210 SF
Price / SF$227.19
Days on Market33
Property Features for 6034 Lanier Islands Parkway A-cc
General Information
Standard status
Active
Size
1,210 SF
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2025
Listing Agency:
Resideum Real Estate
(678) 869-9000
Listed By:
THE KURZNER GROUP
Source:
Brockteam
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 30 at 7:40PM
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 Resideum Real Estate
Investment Insights
Based on property information with market context.
This 1,210-square-foot self-storage condominium is part of a 2025 development offering garage-style ownership spaces. The property is designed to accommodate a range of storage needs, including boats, jet skis, vehicles, contractor equipment, business inventory, hobby materials, and private customized interiors. Multiple unit sizes and upgrade options are available within the development, allowing owners to select and finish space according to their requirements.
The property is located at 6034 Lanier Islands Parkway A-cc in Buford, Georgia, near Lake Lanier and I-985. A gated setting provides controlled site access. The condominium structure gives owners the ability to customize their space and maintain control over its configuration for personal, recreational, or business-related storage use.
The property is located at 6034 Lanier Islands Parkway A-cc in Buford, Georgia, near Lake Lanier and I-985. A gated setting provides controlled site access. The condominium structure gives owners the ability to customize their space and maintain control over its configuration for personal, recreational, or business-related storage use.
Key Highlights
- 1,210 SF self‑storage condominium property
- 2025 construction
- Gated setting with controlled site access
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
$12,572
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
4.57%
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%
$251,440
$251.4K
Cap Rate 7%
$179,600
$179.6K
Cap Rate 9%
$139,689
$139.7K
Market Conditions
NOI Build-Up for 1,210 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
$19.3K $15.96/SF
− Vacancy
−$1.4K −$1.12/SF
EGI
$18.0K $14.84/SF
− OpEx
−$5.4K −$4.45/SF
NOI
$12.6K $10.39/SF
Area
Gwinnett County, GA
Vacancy
7.00%
Lease Rate
$15.96 /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%
$251,440
Cap Rate 7%
$179,600
Cap Rate 9%
$139,689
Alternative Uses
Best Use
Self Storage
$179.6K
$157.2K – $209.5K
NOI $12,572 @ 7.0% cap · market cap 4.57%
Second Best
Warehouse
$126.9K
$111.0K – $148.0K
NOI $8,882 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$338.2K
$296.0K – $394.6K
NOI $23,677 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
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 - Flexible condominium storage space supports vehicle storage, business inventory, equipment, and customized private-use buildouts.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Parkway A-cc Buford, GA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,210 SF self‑storage condominium property; 2025 construction; Gated setting with controlled site access
