Gated Garage Condominium Storage
For Sale
Contact for pricing
6034 Lanier Islands Parkway Unit F, Buford, GA 30518
Garage condominium units offer customizable storage space within a gated setting near Lake Lanier and I-985.
Property Size900 SF
Price / SF$200
Days on Market106
Property Features for 6034 Lanier Islands Parkway Unit F
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Industrial
Zoning
AR3
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 18
Changed: Aug 29
Last Checked: Aug 31 at 11:13AM
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 facility offering garage condominium units in a gated setting. The property provides multiple unit sizes and upgrade options, allowing owners to configure space for vehicles, boats, recreational equipment, business inventory, contractor equipment, hobby materials, or other storage needs. Condominium ownership gives users control over their individual space and the ability to customize the interior.
The facility is located at 6034 Lanier Islands Parkway #F in Buford, Georgia, near Lake Lanier and I-985. The range of stated applications supports both personal storage and business-related use, including vehicle protection, equipment storage, and overflow inventory. The property is designed around individually controlled garage spaces rather than conventional open or enclosed storage units.
The facility is located at 6034 Lanier Islands Parkway #F in Buford, Georgia, near Lake Lanier and I-985. The range of stated applications supports both personal storage and business-related use, including vehicle protection, equipment storage, and overflow inventory. The property is designed around individually controlled garage spaces rather than conventional open or enclosed storage units.
Key Highlights
- 2025‑built self‑storage facility with garage condominium units
- Gated setting near Lake Lanier and I‑985
- Multiple unit sizes and upgrade options
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
$9,351
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
5.20%
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%
$187,020
$187.0K
Cap Rate 7%
$133,586
$133.6K
Cap Rate 9%
$103,900
$103.9K
Market Conditions
NOI Build-Up for 900 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
$14.4K $15.96/SF
− Vacancy
−$1.0K −$1.12/SF
EGI
$13.4K $14.84/SF
− OpEx
−$4.0K −$4.45/SF
NOI
$9.4K $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%
$187,020
Cap Rate 7%
$133,586
Cap Rate 9%
$103,900
Alternative Uses
Best Use
Self Storage
$133.6K
$116.9K – $155.9K
NOI $9,351 @ 7.0% cap · market cap 5.20%
Second Best
Warehouse
$94.4K
$82.6K – $110.1K
NOI $6,607 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$251.6K
$220.1K – $293.5K
NOI $17,611 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Garage condominium units offer customizable storage space within a gated setting near Lake Lanier and I-985.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Parkway Unit F Buford, GA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2025‑built self‑storage facility with garage condominium units; Gated setting near Lake Lanier and I‑985; Multiple unit sizes and upgrade options
