609 Market St, Zelienople, PA 16063

Building Details

Year Built 1985 More

Buildings 11 More

Stories 1 More

Units 469 More

Tenancy Multi More

Listing Agency: Franklin Street Tampa

Listed By: David Perlleshi · License FL #333662

Source: Crexi

Added: Jul 23 Changed: Nov 10 Last Checked: Nov 12 at 7:03AM

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Investment Insights

Based on property information with market context.

Storage Point Portfolio is a stabilized self-storage portfolio with 469 non-climate units totaling 64,596 NRSF, along with 47 outdoor parking rentals. The portfolio is spread across two locations in the Pittsburgh MSA, with the facilities less than 15 miles apart in Butler County, supporting management efficiencies.

One of the facilities is at 609 Market St, Zelienople, PA 16063. The portfolio’s facilities were built in 1985.

For operators, this configuration provides a mix of enclosed storage (non-climate units) and outdoor parking rentals, all within the same broader market area of Butler County north of Pittsburgh.

Key Highlights

• 469 non‑climate self‑storage units totaling 64,596 NRSF
• 47 outdoor parking rentals included
• Two locations in Butler County

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$374,398

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,487,960 $7.5M

Cap Rate 7%

$5,348,543 $5.3M

Cap Rate 9%

$4,159,978 $4.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 64,596 SF

Gross rent

$581.4K $9.00/SF

− Vacancy

−$46.5K −$0.72/SF

EGI

$534.9K $8.28/SF

− OpEx

−$160.5K −$2.48/SF

NOI

$374.4K $5.80/SF

Area

Butler County, PA

Vacancy

8.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,487,960

Cap Rate 7%

$5,348,543

Cap Rate 9%

$4,159,978

Alternative Uses

Best Use

Self Storage

$5.35M

$4.68M – $6.24M (±1% cap)

NOI $374,398 @ 7.0% cap · market cap 5.04%

Second Best

Warehouse

$3.80M

$3.32M – $4.43M (±1% cap)

NOI $265,660 @ 7.0% cap · market cap 3.58%

Theoretical Best

Office A

$16.45M

$14.40M – $19.20M (±1% cap)

NOI $1,151,752 @ 7.0% cap · market cap 15.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

U-Haul Neighborhood Dealer Car Rental Facility Zelienople Mini Storage Storage Facility

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

258

Businesses Nearby

Explore this area Business Placement

Demographics for 16063, PA

7,596

Population

3,541

Households

2.1

Avg Household Size

47

Median Age

42%

College-Educated

96%

High-School Grad

17.0 sq mi

ZIP Area

447

Density / Sq Mi

$86,533

Median Household Income

$53,025

Median Earnings

$1,166

Median Rent

$294,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Self storage facility - Portfolio includes 469 non-climate storage units plus 47 outdoor parking rentals across two Butler County locations.

Where is this self storage facility located?

The property is located at 609 Market St Zelienople, PA.

What is the asking price?

The asking price for this property is $7,429,000.

What are key features of this property?

This property features: 469 non‑climate self‑storage units totaling 64,596 NRSF; 47 outdoor parking rentals included; Two locations in Butler County