Drive-Up Self-Storage
For Sale
$1,100,000
700 Linwood Rd, Gastonia, NC 28052
Fenced, gated facility with paved drive aisles and an on-site management office.
Property Size12,000 SF
Price / SF$91.67
Days on Market48
Property Features for 700 Linwood Rd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Self-Storage Facility
Occupancy
96%
Additional Details
Cap Rate
5.36%
Fenced Yard
Yes
Amenities
on-site management office
paved drive aisles
security cameras
modern management software
Approximately 12,000 Net Rentable Square Feet of Drive-Up Storage
Near Full Occupancy with Strong In-Place Cash Flow
Current Rental Rates More Than 25 Percent Below Market
Approximately 1.5 Acres Available for Future Expansion
Seller Financing Will Be Considered
35 minutes outside of Charlotte, NC
Building Details
Building Size
12,000 SF
Year Built
1997
Listing Agency:
Philadelphia Office
(215) 531-7000
Listed By:
Andreas Makris · License #PA: RS366906, NC: LC1037
(215) 531-7088
Source:
Marcusmillichap
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 23 at 3:30AM
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 Philadelphia Office
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Investment Insights
Based on property information with market context.
Located at 700 Linwood Road in Gastonia, North Carolina, this self-storage property contains approximately 12,000 net rentable square feet of drive-up units. Built in 1997, the facility includes about 1.5 acres of excess land that may support future expansion, subject to applicable approvals.
The site is 96.75 percent physically occupied and features a fully enclosed perimeter, controlled gate access, paved internal drive aisles, security cameras, and an on-site management office. Modern management software is also in place for daily operations. The property is positioned within a five-mile radius that currently has no planned or under-construction self-storage facilities, according to the provided property information. A seller financing option is available, and current rental rates are reported to be more than 25 percent below prevailing market rates.
The site is 96.75 percent physically occupied and features a fully enclosed perimeter, controlled gate access, paved internal drive aisles, security cameras, and an on-site management office. Modern management software is also in place for daily operations. The property is positioned within a five-mile radius that currently has no planned or under-construction self-storage facilities, according to the provided property information. A seller financing option is available, and current rental rates are reported to be more than 25 percent below prevailing market rates.
Key Highlights
- Approximately 12,000 net rentable square feet of drive‑up storage units
- 96.75% physical occupancy
- Approximately 1.5 acres of excess land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,210
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,200
$1.7M
Cap Rate 7%
$1,245,857
$1.2M
Cap Rate 9%
$969,000
$969.0K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$5.4K −$0.45/SF
EGI
$102.6K $8.55/SF
− OpEx
−$15.4K −$1.28/SF
NOI
$87.2K $7.27/SF
Area
Gaston County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,200
Cap Rate 7%
$1,245,857
Cap Rate 9%
$969,000
Alternative Uses
Best Use
Self Storage
$1.46M
$1.28M – $1.71M
NOI $102,332 @ 7.0% cap · market cap 9.30%
Second Best
Warehouse
$1.25M
$1.09M – $1.45M
NOI $87,210 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$3.78M
$3.30M – $4.41M
NOI $264,384 @ 7.0% cap · market cap 24.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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Business Placement
Demographics for 28052, NC
35,332
Population
15,561
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
83%
High-School Grad
41.4 sq mi
ZIP Area
853
Density / Sq Mi
$46,015
Median Household Income
$34,339
Median Earnings
$1,058
Median Rent
$173,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced, gated facility with paved drive aisles and an on-site management office.
Where is this self storage facility located?
The property is located at 700 Linwood Rd Gastonia, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 12,000 net rentable square feet of drive‑up storage units; 96.75% physical occupancy; Approximately 1.5 acres of excess land
