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Property profile & analytics
OFF-MARKET
Self storage facilities

18587 Co Rd Summerdale, AL 36580

200,000 SF 6.5 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional Class A, stabilized investment opportunity presents a 200,000 square foot, multi-tenant industrial/self-storage facility in Summerdale, Alabama. Built in 2023, this property sits on 6.5 acres and features 190 units (110 covered, 80 uncovered) with 190 parking spaces, offering 106,875 square feet of net rentable space. Currently operating at 80% occupancy, generating a $190,000 NOI and a 7.24% cap rate, the asking price is $2,625,000 ($13.12/sq ft and $13,815.79/unit). Located at 18587 Co Rd 32, Summerdale, AL 36580 (APN: 05-48-09-31-4-000-005.005), this B-2 zoned property benefits from its prime location near Hwy 59 and County Road 32, offering excellent visibility and accessibility. The property boasts 24-hour gated access, monthly/yearly lease options, and strong potential for future expansion. The facility's proximity to Gulf Shores (17 miles) and a growing population/tourist traffic in Baldwin County ensures consistent demand. This is a full ownership, absolute NNN lease property, ideal for investors seeking a high-yield, low-maintenance investment.

Property profile
Verified
Property type Self storage facilities
Year built 2023
Total area 200,000 SF
Lot 6.5 ac (283,140 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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