9970 Al-157 South Vinemont, AL 35179
This exceptional investment opportunity presents a state-of-the-art self-storage facility in Vinemont, Alabama, built in 2023. Boasting 157 units across two single-story buildings totaling 24,300 square feet, this property sits on a 4-acre lot with convenient access to AL-157 and I-65, ensuring high traffic flow. Currently operating at 90% occupancy, with a projected 100% occupancy by October 23, 2024, this facility offers significant potential for immediate return on investment. High-tech features include 24/7 hands-free gate access, self-leasing kiosks (Insomniac 920 model), advanced security cameras, and ample lighting throughout the property. The facility benefits from both front and rear entrances, and the expansive lot allows for future expansion. Additional revenue streams could be generated through billboard rentals. Strategically located between Huntsville and Birmingham, this property presents a compelling opportunity for investors seeking a high-performing, modern self-storage asset. The asking price is $2,890,000, translating to $118.93 per square foot and $18,407.64 per unit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.