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Property profile

555 Patrol Rd Forsyth, GA 31029

OFF-MARKET
Self storage facilities
6.2 ac lot Built 1994
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Property summary

AI-generated overview

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 profile

Verified
Property type Self storage facilities
Year built 1994
Lot 6.2 ac (270,072 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

555 Patrol Rd Forsyth, GA 31029
Forsyth metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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