Garage Condominium Storage
For Sale
$169,900
6034 Lanier Islands Pkwy, Buford, GA 30518
Gated condominium storage space near Lake Lanier and I-985.
Property Size825 SF
Price / SF$205.94
Days on Market41
Property Features for 6034 Lanier Islands Pkwy
General Information
Standard status
Active
Size
825 SF
Additional Details
Highway Access
Yes
Amenities
gated
Building Details
Year Built
2025
Listing Agency:
Resideum Real Estate
(678) 869-9000
Listed By:
Greg Kurzner
Source:
Annakintown
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 8:06PM
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.
Storage Caves Buford is a 2025 self-storage condominium property offering garage-style units within a gated setting. The ownership format allows users to control and customize their individual space, with multiple unit sizes and upgrade options available.
The property is positioned near Lake Lanier and I-985 in Buford, Georgia. Supported applications include boat and jet ski storage, vehicle protection, business inventory, contractor equipment, hobby use, and overflow storage. The 825 property-size designation and condominium structure provide a defined format for users seeking dedicated storage space rather than conventional rental storage.
The property is positioned near Lake Lanier and I-985 in Buford, Georgia. Supported applications include boat and jet ski storage, vehicle protection, business inventory, contractor equipment, hobby use, and overflow storage. The 825 property-size designation and condominium structure provide a defined format for users seeking dedicated storage space rather than conventional rental storage.
Key Highlights
- 2025‑built self‑storage condominium property
- Gated garage‑style storage setting
- Near Lake Lanier and I‑985
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
$8,572
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
5.05%
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%
$171,440
$171.4K
Cap Rate 7%
$122,457
$122.5K
Cap Rate 9%
$95,244
$95.2K
Market Conditions
NOI Build-Up for 825 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
$13.2K $15.96/SF
− Vacancy
−$922 −$1.12/SF
EGI
$12.2K $14.84/SF
− OpEx
−$3.7K −$4.45/SF
NOI
$8.6K $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%
$171,440
Cap Rate 7%
$122,457
Cap Rate 9%
$95,244
Alternative Uses
Best Use
Self Storage
$122.5K
$107.2K – $142.9K
NOI $8,572 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$86.5K
$75.7K – $100.9K
NOI $6,056 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$230.6K
$201.8K – $269.1K
NOI $16,143 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Gated condominium storage space near Lake Lanier and I-985.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Pkwy Buford, GA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2025‑built self‑storage condominium property; Gated garage‑style storage setting; Near Lake Lanier and I‑985
