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    Cash Flowing Self Storage Facility Title is generated by Realmo AI

    650 Smyrna RD SW, Conyers, GA 30094

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    Highly occupied self-storage facility with outdoor parking in Conyers, Georgia.

    Type:Self Storage
    Property size:
    4,300 SF
    Added:
    Apr 1, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 1 at 11:52 am

    Property Features for 650 Smyrna RD SW

    General Information

    Standard status
    Active
    Size
    4,300 SF
    Property subtype
    Self Storage

    We can help!

    Listing Contact
    Josh Snead
    Josh Snead

    Listing agent Josh Snead

    Listing office Franklin Street - Corporate

    Listing date Apr 1, 2026

    Source Franklinst

    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 Franklin Street - Corporate

    HighLights

    • Cash flowing and highly occupied self‑storage facility with 34 non‑climate units and 30 outdoor parking rentals.
    • Excellent location just off Interstate 20 with high traffic volume (119,835 vehicles per day).
    • Opportunity to increase revenue through rent increases and maximizing supplemental income streams.
    • Excellent candidate for remote management with automatic gate keypad entry and management software already in place.
    • Strong demographics: growing population (79,228) and high average household income ($82,371) within five miles.
    • Located in Conyers, Georgia, approximately 20 miles east of Downtown Atlanta, experiencing 3.48% annual population growth since 2020.

    Overview

    This cash flowing and highly occupied self storage facility is comprised of 34 non-climate controlled units totaling 4,300 net rentable square feet, along with 30 outdoor parking rentals. The facility benefits from an excellent location just off Interstate 20, which sees 119,835 vehicles per day. There is an opportunity to increase revenue through the implementation of existing customer rent increases and maximizing supplemental income streams. The facility is an excellent candidate for remote management with automatic gate keypad entry and management software already in place. The location features very strong demographics, with a growing population of 79,228 and an average household income of $82,371 within five miles. Conyers, Georgia, is located approximately 20 miles east of downtown Atlanta and has experienced 3.48% annual population growth since the 2020 Census. The Atlanta-Sandy Springs-Roswell MSA is the 8th largest in the United States and is home to 6,411,149 residents.
    Location Intelligence

    Current Use by Public Records

    Ram Self Storage Storage Facility Conyers Storage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.05508
    Latitude
    33.67321

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    FAQs

    What type of property is this?
    Self storage facility - Highly occupied self-storage facility with outdoor parking in Conyers, Georgia.
    Where is this self storage facility located?
    The property is located at 650 Smyrna RD SW Conyers, GA.
    What are key features of this property?
    This property features: Cash flowing and highly occupied self‑storage facility with 34 non‑climate units and 30 outdoor parking rentals.; Excellent location just off Interstate 20 with high traffic volume (119,835 vehicles per day).; Opportunity to increase revenue through rent increases and maximizing supplemental income streams.
    (813) 793-8488
    We can help!
    Listing Contact
    Josh Snead
    Josh Snead
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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