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: Oct 8 Last Checked: Oct 23 at 5:47AM

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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

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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 / Yr

$315,252

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,305,040 $6.3M

Cap Rate 7%

$4,503,600 $4.5M

Cap Rate 9%

$3,502,800 $3.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 27,800 SF

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 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. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

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).