Building Details

Building Size 27,800 SF

Listing Agency: National Storage Partners

Listed By: Hans Hardisty Show Phone

Source: Nationalstoragepartners

Added: Nov 25, 2025 Changed: Sep 7 Last Checked: Sep 8 at 6:32AM

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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 National Storage Partners

Investment Insights

Based on property information with market context.

Chelsea Self-Storage and Mobile Home Park is located in a rapidly growing suburb of Birmingham, Alabama, off the Hwy 280 corridor, which sees 33,060 vehicles per day. The property, situated on approximately 19.18 acres, comprises 206 non-climate controlled, self-storage units and 32 mobile home lots. Nineteen of the mobile homes are tenant-owned, and 13 are park-owned; many tenants have expressed interest in purchasing the park-owned homes. The self-storage area is fenced and features keypad entry and security cameras. The location is in Chelsea, Alabama, approximately 10 miles southeast of Birmingham, described as a family-oriented community with good schools and recreational opportunities. There are 29,529 people within a 5-mile radius. The property has approximately 27,800 net rentable square feet of storage and approximately 63 parking spaces. There is a limited supply of mobile home parks in Shelby County with strong demand. The area has approximately 11.41 square feet of storage per person within a 5-mile radius. Recent capital expenditure improvements include new LED lighting, a new entry keypad, a new loop system for the gate, and three recently updated mobile homes. There are 650 new homes projected to be built in Chelsea by 2026. The average household income within a 3-mile radius is $107,000.

Key Highlights

• Value‑add potential through increased rents, tenant insurance offerings, and expansion opportunities (RV parking/portable storage).
• Located in a rapidly growing suburb of Birmingham with strong demographics.
• High traffic location off Hwy 280 corridor (33,060 vehicles per day).

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

$315,252

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

6.31%

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%

$6,305,040 $6.3M

Cap Rate 7%

$4,503,600 $4.5M

Cap Rate 9%

$3,502,800 $3.5M

Market Conditions

NOI Build-Up for 27,800 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

$500.4K $18.00/SF

− Vacancy

−$50.0K −$1.80/SF

EGI

$450.4K $16.20/SF

− OpEx

−$135.1K −$4.86/SF

NOI

$315.3K $11.34/SF

Area

Shelby County, AL

Vacancy

10.00%

Lease Rate

$18.00 /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%

$6,305,040

Cap Rate 7%

$4,503,600

Cap Rate 9%

$3,502,800

Alternative Uses

Best Use

Self Storage

$4.50M

$3.94M – $5.25M (±1% cap)

NOI $315,252 @ 7.0% cap · market cap 6.31%

Second Best

Apartment 5plus

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,669 @ 7.0% cap · market cap 3.88%

Theoretical Best

Office A

$6.53M

$5.71M – $7.61M (±1% cap)

NOI $456,765 @ 7.0% cap · market cap 9.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Carpet & Flooring Store Auto Parts Store

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

386

Businesses Nearby

Explore this area Business Placement

Demographics for 35043, AL

13,841

Population

5,126

Households

2.7

Avg Household Size

37

Median Age

43%

College-Educated

97%

High-School Grad

46.2 sq mi

ZIP Area

300

Density / Sq Mi

$115,588

Median Household Income

$56,739

Median Earnings

$1,279

Median Rent

$347,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Self-storage and mobile home park in rapidly growing Birmingham suburb.

Where is this mobile home & rv park located?

The property is located at 759 County Road 39 Chelsea, AL.

What is the asking price?

The asking price for this property is $4,995,000.

What are key features of this property?

This property features: Value‑add potential through increased rents, tenant insurance offerings, and expansion opportunities (RV parking/portable storage).; Located in a rapidly growing suburb of Birmingham with strong demographics.; High traffic location off Hwy 280 corridor (33,060 vehicles per day).