536 Monroe-Concord Rd Troy, OH 45373
This exceptional self-storage facility, located at 536 Monroe-Concord Rd, Troy, OH 45373, presents a lucrative investment opportunity. Built in 2021-2022, this nearly new facility boasts 46,808 square feet and comprises seven buildings housing 300 units, currently operating at 93% occupancy. The property features premium construction materials, including thicker gauge siding and extended-life (40-year) roof screws. The unique 6/12 roof pitch with 10-foot-on-center trussing maximizes interior cubic footage, allowing for higher rental rates. Designed for minimal maintenance, the site includes underground drainage connected to a detention pond, eliminating the need for interior mowing. Security is ensured with 42 POE cameras featuring night vision. Access is controlled via a 12-foot gate with a keypad adjacent to the remodeled on-site manager's house (currently rented). The facility's layout allows for potential unit subdivision to increase the number of rental spaces. The asking price is $6,750,000, translating to $144.21 per square foot and $22,500 per unit. This turnkey operation is ready for immediate ownership.
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.