Fully Leased Self-Storage
For Sale
Contact for pricing
8927 Mile Branch Road, Rougemont, NC 27572
Fully leased facility with unit sizes serving storage requirements from compact spaces through larger vehicle-sized units.
Property Size47,535 SF
Price / SF$157.78
Days on Market140
Property Features for 8927 Mile Branch Road
General Information
Standard status
Active
Size
47,535 SF
Total Parking Spaces
30
Property subtype
Self Storage
Occupancy
92%
Investment Type
Value Add
Net Operating Income
$382,007
Additional Details
Gross Income
$408,452
Building Details
Year Built
2013
Year Renovated
2023
Units
395
Tenancy
Single
Listing Agency:
Grandstone Investment Sales
(704) 236-6787
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: May 27 at 8:40AM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
Located at 8927 Mile Branch Rd in Rougemont, North Carolina, this self-storage facility is offered for sale with a current occupancy level of 100%. The existing unit mix ranges from 5x10 units to 10x30 units, providing multiple storage configurations within the property.
Current operations do not include credit card processing or dynamic pricing systems. Those operating characteristics provide clear areas for a new owner to evaluate as part of future management planning. The property is being transferred with all units leased at closing, subject to negotiated transaction terms.
Current operations do not include credit card processing or dynamic pricing systems. Those operating characteristics provide clear areas for a new owner to evaluate as part of future management planning. The property is being transferred with all units leased at closing, subject to negotiated transaction terms.
Key Highlights
- 100% leased self‑storage facility
- Unit mix includes 5x10 and 10x30 options
- Located at 8927 Mile Branch Rd, Rougemont, NC 27572
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
$423,371
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
5.64%
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%
$8,467,420
$8.5M
Cap Rate 7%
$6,048,157
$6.0M
Cap Rate 9%
$4,704,122
$4.7M
Market Conditions
NOI Build-Up for 47,535 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
$656.0K $13.80/SF
− Vacancy
−$51.2K −$1.08/SF
EGI
$604.8K $12.72/SF
− OpEx
−$181.4K −$3.82/SF
NOI
$423.4K $8.91/SF
Area
Durham County, NC
Vacancy
7.80%
Lease Rate
$13.80 /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%
$8,467,420
Cap Rate 7%
$6,048,157
Cap Rate 9%
$4,704,122
Alternative Uses
Best Use
Self Storage
$6.05M
$5.29M – $7.06M
NOI $423,371 @ 7.0% cap · market cap 5.64%
Second Best
Warehouse
$5.36M
$4.69M – $6.25M
NOI $375,278 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$12.86M
$11.25M – $15.00M
NOI $900,230 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 27572, NC
6,652
Population
2,857
Households
2.3
Avg Household Size
49
Median Age
29%
College-Educated
95%
High-School Grad
106.3 sq mi
ZIP Area
63
Density / Sq Mi
$96,128
Median Household Income
$55,795
Median Earnings
$777
Median Rent
$253,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Fully leased facility with unit sizes serving storage requirements from compact spaces through larger vehicle-sized units.
Where is this self storage facility located?
The property is located at 8927 Mile Branch Road Rougemont, NC.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 100% leased self‑storage facility; Unit mix includes 5x10 and 10x30 options; Located at 8927 Mile Branch Rd, Rougemont, NC 27572
