Drive-Up Self-Storage
808 N Valley Ave, Olyphant, PA 18447
For Sale
New
Contact for pricing
Ten metal buildings provide single-story, non-climate-controlled storage with direct vehicle access to every unit.
Property Size16,650 SF
Lot Size1.80 Acres
Price / SF$108.11
Days on Market7
Property Features for 808 N Valley Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Business Included
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Self-Storage Units
Property Use
Building Details
Year Built
Buildings
Stories
Construction
Listed By:
Jared Houck · License PA RS365878
(717) 808-1763
Source:
Crexi
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 7:01AM
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 Jared Houck
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage property contains 123 units across approximately 16,650 net rentable square feet on 1.8 acres. Built in 2000, the facility comprises ten metal buildings with metal roofs and gravel drive aisles. All units offer direct drive-up access; the single-story layout has no interior corridors or climate-control systems. The supplied unit mix lists 118 occupied units, or approximately 96% physical occupancy, with every 10x15 and 10x20 unit occupied.
The property consists of two separate parcels along North Valley Avenue in Olyphant, Pennsylvania, within the Scranton market. The commercial property between the storage parcels and the neighboring office building is excluded from the sale.
The property consists of two separate parcels along North Valley Avenue in Olyphant, Pennsylvania, within the Scranton market. The commercial property between the storage parcels and the neighboring office building is excluded from the sale.
Key Highlights
- 123 self‑storage units across approximately 16,650 net rentable square feet
- 1.8‑acre property comprising two separate parcels along North Valley Avenue
- Built in 2000; includes ten metal storage buildings with metal roofing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,615
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,300
$2.9M
Cap Rate 7%
$2,065,929
$2.1M
Cap Rate 9%
$1,606,833
$1.6M
Market Conditions
NOI Build-Up for 16,650 SF
Gross rent
$219.8K $13.20/SF
− Vacancy
−$13.2K −$0.79/SF
EGI
$206.6K $12.41/SF
− OpEx
−$62.0K −$3.72/SF
NOI
$144.6K $8.69/SF
Area
Lackawanna County, PA
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,300
Cap Rate 7%
$2,065,929
Cap Rate 9%
$1,606,833
Alternative Uses
Best Use
Self Storage
$2.07M
$1.81M – $2.41M
NOI $144,615 @ 7.0% cap · market cap 8.03%
Second Best
Warehouse
$1.69M
$1.47M – $1.97M
NOI $117,968 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,825 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
96%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - Ten metal buildings provide single-story, non-climate-controlled storage with direct vehicle access to every unit.
Where is this self storage facility located?
The property is located at 808 N Valley Ave Olyphant, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 123 self‑storage units across approximately 16,650 net rentable square feet; 1.8‑acre property comprising two separate parcels along North Valley Avenue; Built in 2000; includes ten metal storage buildings with metal roofing
