Climate-Controlled Self-Storage
For Sale
$699,900
990 Schoolview Dr, Marshfield, MO 65706
Established storage operation with varied unit sizes, updated security cameras, and room for additional development.
Property Size6,016 SF
Price / SF$116.34
Days on Market51
Property Features for 990 Schoolview Dr
General Information
Standard status
Active
Size
6,016 SF
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
Alpha Realty MO, LLC
Listed By:
Tracy DeWaard
Source:
Trilakeshomesearch
Added: Jul 12
Changed: Aug 30
Last Checked: Aug 30 at 9:16PM
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 Alpha Realty MO, LLC
Investment Insights
Based on property information with market context.
This climate-controlled self-storage facility contains 42 units within a 6,016-square-foot property on 4.72 acres. Unit configurations include 10x25, 10x12, 10x10, and smaller spaces, creating a varied rental inventory. Constructed in 2008, the facility has received updated security cameras and select new doors.
The property is supported by an owned propane system, well water, and septic service. Existing storage operations provide an established rental component, while the acreage includes room for future expansion as supported by the current property layout.
The property is supported by an owned propane system, well water, and septic service. Existing storage operations provide an established rental component, while the acreage includes room for future expansion as supported by the current property layout.
Key Highlights
- 42 climate‑controlled storage units across a variety of sizes
- 6,016‑square‑foot facility on 4.72 acres
- Unit sizes include 10x25, 10x12, and 10x10 spaces
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
$48,816
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
6.97%
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%
$976,320
$976.3K
Cap Rate 7%
$697,371
$697.4K
Cap Rate 9%
$542,400
$542.4K
Market Conditions
NOI Build-Up for 6,016 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
$75.8K $12.60/SF
− Vacancy
−$6.1K −$1.01/SF
EGI
$69.7K $11.59/SF
− OpEx
−$20.9K −$3.48/SF
NOI
$48.8K $8.11/SF
Area
Webster County, MO
Vacancy
8.00%
Lease Rate
$12.60 /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%
$976,320
Cap Rate 7%
$697,371
Cap Rate 9%
$542,400
Alternative Uses
Best Use
Self Storage
$697.4K
$610.2K – $813.6K
NOI $48,816 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$334.7K
$292.9K – $390.5K
NOI $23,429 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$908.0K
$794.5K – $1.06M
NOI $63,561 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 65706, MO
15,784
Population
7,070
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
180.0 sq mi
ZIP Area
88
Density / Sq Mi
$76,304
Median Household Income
$40,264
Median Earnings
$780
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest 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 - Established storage operation with varied unit sizes, updated security cameras, and room for additional development.
Where is this self storage facility located?
The property is located at 990 Schoolview Dr Marshfield, MO.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 42 climate‑controlled storage units across a variety of sizes; 6,016‑square‑foot facility on 4.72 acres; Unit sizes include 10x25, 10x12, and 10x10 spaces
