Drive-Up Self Storage
For Sale
$675,000
901 E 10TH STREET, Chester, PA 19013
Turnkey, stabilized drive-up self-storage facility with 33 storage units and automated remote operations.
Property Size8,290 SF
Lot Size0.43 Acres
Price / SF$81.42
Days on Market106
Property Features for 901 E 10TH STREET
General Information
Standard status
Active
Size
8,290 SF
Total Parking Spaces
3
Lot size
0.43 Acres
Property subtype
Commercial
Occupancy
97%
Financials
Cap Rate
8.7%
Business Included
Yes
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
KW Commercial
(215) 664-1091
Listed By:
Rodney Ross · License #RS314073
(267) 713-3669
Source:
Cummingsrealtors
Added: May 21
Changed: Sep 2
Last Checked: Sep 1 at 4:40PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This stabilized, turnkey drive-up self-storage facility totals approximately 8,290 square feet on a 0.43-acre lot and offers 33 rentable storage units plus 3 parking spots. The layout provides all drive-up access across a wide, paved center aisle, with primarily single-story storage bays originally built as roughly 50 individual bays. The unit mix includes compact units up to a large 51' x 20' (1,020 SF) drive-in unit, along with five shipping container units fitted with roll-up storage doors. One combined unit includes its own separate electric panel and can serve as an on-site office.
The facility is gated, fenced, and monitored by 24/7 video recording, and it is run remotely using cloud-based storage-management software. Tenants pay online or by ACH, and the operation is described as having no on-site employees. The property has a reported occupancy of approximately 97%.
The seller is open to continuing management after closing if preferred. The current unit configuration includes some units leased in pairs/groups, and the property is described as having in-place rents roughly 18% below the facility’s own standard rates.
The facility is gated, fenced, and monitored by 24/7 video recording, and it is run remotely using cloud-based storage-management software. Tenants pay online or by ACH, and the operation is described as having no on-site employees. The property has a reported occupancy of approximately 97%.
The seller is open to continuing management after closing if preferred. The current unit configuration includes some units leased in pairs/groups, and the property is described as having in-place rents roughly 18% below the facility’s own standard rates.
Key Highlights
- Drive‑up self‑storage facility built in 2000 with approximately 8,290 SF on a 0.43‑acre lot (84' x 223').
- 33 rentable storage units plus 3 parking spots, originally built as roughly 50 individual bays.
- Unit mix includes 8'x10' compact units through a large 51'x20' (1,020 SF) drive‑in unit, plus 5 shipping container units with roll‑up doors.
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
$38,643
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
5.72%
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%
$772,860
$772.9K
Cap Rate 7%
$552,043
$552.0K
Cap Rate 9%
$429,367
$429.4K
Market Conditions
NOI Build-Up for 8,290 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
$49.7K $6.00/SF
− Vacancy
−$4.3K −$0.52/SF
EGI
$45.5K $5.48/SF
− OpEx
−$6.8K −$0.82/SF
NOI
$38.6K $4.66/SF
Area
Delaware County, PA
Vacancy
8.60%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$772,860
Cap Rate 7%
$552,043
Cap Rate 9%
$429,367
Alternative Uses
Best Use
Self Storage
$1.11M
$973.5K – $1.30M
NOI $77,881 @ 7.0% cap · market cap 11.54%
Second Best
Warehouse
$552.0K
$483.0K – $644.1K
NOI $38,643 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,941 @ 7.0% cap · market cap 26.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
97%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Turnkey, stabilized drive-up self-storage facility with 33 storage units and automated remote operations.
Where is this self storage facility located?
The property is located at 901 E 10TH STREET Chester, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Drive‑up self‑storage facility built in 2000 with approximately 8,290 SF on a 0.43‑acre lot (84' x 223').; 33 rentable storage units plus 3 parking spots, originally built as roughly 50 individual bays.; Unit mix includes 8'x10' compact units through a large 51'x20' (1,020 SF) drive‑in unit, plus 5 shipping container units with roll‑up doors.
