Gated Garage Storage
For Sale
$214,900
6034 Lanier Islands Parkway F-cc, Buford, GA 30518
Flexible condominium storage space accommodates vehicles, equipment, inventory, and customized private-use needs.
Property Size900 SF
Price / SF$238.78
Days on Market52
Property Features for 6034 Lanier Islands Parkway F-cc
General Information
Standard status
Active
Size
900 SF
Building Details
Year Built
2025
Listing Agency:
Resideum Real Estate
(678) 869-9000
Listed By:
THE KURZNER GROUP
Source:
Brockteam
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 30 at 8:20PM
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 2025 self-storage property offers garage condominium units within a gated setting at 6034 Lanier Islands Parkway F in Buford. The 900-square-foot space can support storage for boats, jet skis, vehicles, business inventory, contractor equipment, or hobby materials. Multiple unit sizes and upgrade options are available, allowing owners to tailor their individual space.
The property is positioned near Lake Lanier and I-985, providing context for recreational storage and access to the surrounding area. The condominium format gives users control over a dedicated garage environment that can be organized or customized for their stated storage needs.
The property is positioned near Lake Lanier and I-985, providing context for recreational storage and access to the surrounding area. The condominium format gives users control over a dedicated garage environment that can be organized or customized for their stated storage needs.
Key Highlights
- 900‑square‑foot garage condominium unit
- 2025 construction
- Gated condominium storage 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
$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
4.35%
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 4.35%
Second Best
Warehouse
$94.4K
$82.6K – $110.1K
NOI $6,607 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$251.6K
$220.1K – $293.5K
NOI $17,611 @ 7.0% cap · market cap 8.19%
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 - Flexible condominium storage space accommodates vehicles, equipment, inventory, and customized private-use needs.
Where is this self storage facility located?
The property is located at 6034 Lanier Islands Parkway F-cc Buford, GA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 900‑square‑foot garage condominium unit; 2025 construction; Gated condominium storage setting
