Self-Storage Condominium
For Sale
Contact for pricing
6034 Lanier Islands Parkway Unit A-CC, Buford, GA 30518
Secure, gated storage condominium ownership with flexible space for personal or business needs.
Property Size1,210 SF
Price / SF$220
Days on Market109
Property Features for 6034 Lanier Islands Parkway Unit A-CC
General Information
Standard status
Active
Size
1,210 SF
Total Parking Spaces
1
Property subtype
Industrial
Zoning
AR3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2025
Buildings
7
Listing Agency:
Resideum Real Estate
(678) 869-9000
Listed By:
Greg Kurzner · License #154646
Source:
Crexi
Added: May 15
Changed: Aug 30
Last Checked: Aug 30 at 9:04AM
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 unit was built in 2025 and is designed for ownership rather than traditional rental use. The space can accommodate personal belongings, recreational equipment, vehicles, contractor materials, hobby activities, or business inventory, subject to applicable requirements. Multiple unit sizes and upgrade options are available within the development, allowing owners to tailor their storage environment.
The property is located at 6034 Lanier Islands Parkway, Unit A-CC, in Buford, Georgia, near Lake Lanier and I-985. A gated setting adds controlled access to the ownership format, while the AR3 zoning designation is identified for the property.
The property is located at 6034 Lanier Islands Parkway, Unit A-CC, in Buford, Georgia, near Lake Lanier and I-985. A gated setting adds controlled access to the ownership format, while the AR3 zoning designation is identified for the property.
Key Highlights
- 1,210‑square‑foot self‑storage condominium unit
- Built in 2025
- Gated storage condominium setting
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
4.72%
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 4.72%
Second Best
Warehouse
$126.9K
$111.0K – $148.0K
NOI $8,882 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$338.2K
$296.0K – $394.6K
NOI $23,677 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
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 - Secure, gated storage condominium ownership with flexible space for personal or business needs.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Parkway Unit A-CC Buford, GA.
What is the asking price?
The asking price for this property is $266,200.
What are key features of this property?
This property features: 1,210‑square‑foot self‑storage condominium unit; Built in 2025; Gated storage condominium setting
