Self-Storage and Warehouse
8484 US-98 Fairhope, AL 36532
8484 US-98, Fairhope, AL, 36532
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For Sale
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All-wood, metal-roofed self-storage and warehouse complex totaling about 108,000 square feet with on-site utility systems and retention ponds.
Property Size108,000 SF
Price / SF$123.15
Days on Market126
Property Features for 8484 US-98
General Information
- Standard status
- Active
- Size
- 108,000 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2017
Listing agency
Wise Living Real Estate, LLC
(251) 716-3326
Listed by
Kiel Rubio · License #AL 000109408
Source
Crexi
Added: Mar 20 Updated: Jul 22 at 10:42PM Checked: Jul 22 at 10:42PM
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 Wise Living Real Estate, LLC
Investment Insights
Based on property information with market context.
This for-sale self-storage and warehouse facility consists of multiple buildings with solid all-wood construction, metal roofing, and aluminum and wood siding. The property totals approximately 108,000 square feet and is fully fenced, with fencing referenced as 6" inside the survey stakes. On-site improvements include two retention ponds and a 12' x 12' gazebo overlooking one of the ponds.
The property is serviced by three 1,000-gallon septic tanks, each connected to 80' field lines, along with a 12" x 3' dome described as servicing the entire facility. Unity Fiber is identified as the internet provider for the property. Financial information and a rent roll are available upon request, and buyers are instructed to verify all details during due diligence.
Additional on-site infrastructure includes the listed septic components and the retention features that support the facility’s operations.
The property is serviced by three 1,000-gallon septic tanks, each connected to 80' field lines, along with a 12" x 3' dome described as servicing the entire facility. Unity Fiber is identified as the internet provider for the property. Financial information and a rent roll are available upon request, and buyers are instructed to verify all details during due diligence.
Additional on-site infrastructure includes the listed septic components and the retention features that support the facility’s operations.
Key Highlights
- All‑wood, metal‑roofed self‑storage and warehouse complex built in 2017, totaling about 108,000 sq ft.
- On‑site utilities include Unity Fiber internet service.
- Septic system features (3) 1,000‑gallon septic tanks with (10) 80' field lines and a 12" x 3' dome serving the facility.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.43M | $13.20 |
| − Vacancy | −$99.8k | −$0.92 |
| EGI | $1.33M | $12.28 |
| − OpEx | −$397.7k | −$3.68 |
| NOI | $928.1k | $8.59 |
108,000 SF · lease $13.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$13.26M
$11.60M – $15.47M
NOI $928,066 @ 7.0% cap · market cap 6.98%
Second Best
Warehouse
$9.74M
$8.52M – $11.36M
NOI $681,670 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$25.97M
$22.73M – $30.30M
NOI $1,818,029 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - All-wood, metal-roofed self-storage and warehouse complex totaling about 108,000 square feet with on-site utility systems and retention ponds.
Where is this self storage facility located?
The property is located at 8484 US-98 Fairhope, AL.
What is the asking price?
The asking price for this property is $13,300,000.
What are key features of this property?
This property features: All‑wood, metal‑roofed self‑storage and warehouse complex built in 2017, totaling about 108,000 sq ft.; On‑site utilities include Unity Fiber internet service.; Septic system features (3) 1,000‑gallon septic tanks with (10) 80' field lines and a 12" x 3' dome serving the facility.
