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    555 Patrol Rd Forsyth, GA 31029

    For Sale
    $4,420,000

    High-Yield Self Storage Facility in Forsyth, GA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional self-storage facility in Forsyth, Georgia presents a compelling investment opportunity. The property, located at 555 Patrol Rd, boasts 158 non-climate-controlled mini storage units, with 52 units newly constructed in 2023. Adjacent climate-controlled units maintain approximately 98% occupancy. The 10,800 square foot facility sits on a 6.2-acre lot, including a 0.5-acre outparcel valued at $150,000. Built in 1994 and extensively renovated in 2023, the property features a fenced perimeter with electronic gate access. The property's strong performance is reflected in its pro-forma NOI of $329,305 and a 7.45% cap rate (8% excluding the outparcel). The property's convenient location just off I-75 near downtown Forsyth, coupled with existing rental rates that offer significant upside potential and the inclusion of several parcels for future expansion, makes this a highly attractive investment for both passive investors and owner-operators. A property manager is currently in place. The asking price is $4,420,000. This turnkey operation offers immediate cash flow and substantial growth opportunities.

    Property Features for 555 Patrol Rd

    General Information

    Property type
    Self storage facilities
    Lot Size
    270,072 SF

    Building Details

    Year Built/Renovated
    1994/2023

    HighLights

    • Exceptional Forsyth, GA self‑storage facility investment opportunity.
    • 158 non‑climate‑controlled units (52 new in 2023) plus adjacent climate‑controlled units at ~98% occupancy.
    • 10,800 SF building on 6.2‑acre lot, including a 0.5‑acre outparcel valued at $150,000.
    • $4,420,000 asking price; $329,305 pro‑forma NOI; 7.45% cap rate (8% excluding outparcel).
    • Convenient I‑75 location near downtown Forsyth; significant upside rental potential; expansion possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forsyth
    County
    Monroe
    State
    Georgia
    Longitude
    -83.9231849
    Latitude
    33.032848

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    FAQs

    What type of property is this?
    Self storage facility - High-Yield Self Storage Facility in Forsyth, GA
    Where is this self storage facility located?
    The property is located at 555 Patrol Rd Forsyth, GA.
    What is the asking price?
    The asking price for this property is $4,420,000.
    What are key features of this property?
    This property features: Exceptional Forsyth, GA self-storage facility investment opportunity.; 158 non-climate-controlled units (52 new in 2023) plus adjacent climate-controlled units at ~98% occupancy.; 10,800 SF building on 6.2-acre lot, including a 0.5-acre outparcel valued at $150,000.
    (478) 951-9460
    Request Owner's contact information
    555 Patrol Rd Forsyth, GA 31029
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    Forsyth, GA 31029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 Patrol Rd Forsyth, GA 31029
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