Stabilized Self Storage
For Sale
Contact for pricing
8100 State Route 309, Galion, OH 44833
Gated self-storage facilities with keypad entry, remote management capability, and expansion potential at the Route 309 location.
Property Size28,540 SF
Price / SF$70.43
Days on Market170
Property Features for 8100 State Route 309
General Information
Standard status
Active
Size
28,540 SF
Property subtype
INDUSTRIAL
Occupancy
95%
Additional Details
Fenced Yard
Yes
Building Details
Buildings
2
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(866) 889-0550
Listed By:
Austin McLeod · License #394903(GA)
(678) 576-1780
Source:
Moodyscre
Added: Apr 29
Changed: Sep 14
Last Checked: Oct 15 at 1:59AM
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 Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
This self-storage offering includes two facilities totaling 28,540 square feet, with combined physical occupancy of 95%. Both locations are enclosed by gates and use keypad access, supporting remote management capability. The Route 309 facility also includes an expansion opportunity.
Supply metrics indicate 7.16 square feet per capita within a 3-mile radius and 7.30 square feet per capita within a 5-mile radius. No self-storage developments are showing within 5 miles of the facility according to TractIQ. The seller is also negotiating a cell tower lease for the Route 309 location, with proposed lease terms of approximately 50 years; the potential income is not included here.
Supply metrics indicate 7.16 square feet per capita within a 3-mile radius and 7.30 square feet per capita within a 5-mile radius. No self-storage developments are showing within 5 miles of the facility according to TractIQ. The seller is also negotiating a cell tower lease for the Route 309 location, with proposed lease terms of approximately 50 years; the potential income is not included here.
Key Highlights
- 28,540 SF across two self‑storage facilities
- 95% physical occupancy between both locations
- Expansion opportunity included at the Route 309 location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,407
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,848,140
$2.8M
Cap Rate 7%
$2,034,386
$2.0M
Cap Rate 9%
$1,582,300
$1.6M
Market Conditions
NOI Build-Up for 28,540 SF
Gross rent
$182.9K $6.41/SF
− Vacancy
−$15.4K −$0.54/SF
EGI
$167.5K $5.87/SF
− OpEx
−$25.1K −$0.88/SF
NOI
$142.4K $4.99/SF
Area
Crawford County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,848,140
Cap Rate 7%
$2,034,386
Cap Rate 9%
$1,582,300
Alternative Uses
Best Use
Self Storage
$3.58M
$3.13M – $4.18M
NOI $250,524 @ 7.0% cap · market cap 12.46%
Second Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,407 @ 7.0% cap · market cap 7.08%
Theoretical Best
Specialty Retail
$5.59M
$4.90M – $6.53M
NOI $391,634 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
95%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 44833, OH
16,786
Population
8,278
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
90.4 sq mi
ZIP Area
186
Density / Sq Mi
$57,234
Median Household Income
$39,535
Median Earnings
$772
Median Rent
$127,700
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 Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Gated self-storage facilities with keypad entry, remote management capability, and expansion potential at the Route 309 location.
Where is this self storage facility located?
The property is located at 8100 State Route 309 Galion, OH.
What is the asking price?
The asking price for this property is $2,010,000.
What are key features of this property?
This property features: 28,540 SF across two self‑storage facilities; 95% physical occupancy between both locations; Expansion opportunity included at the Route 309 location
