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Property profile & analytics
OFF-MARKET
Self storage facilities

18587 Co Rd 32 Summerdale, AL 36580

Built 2023
Property ID
Property summary
AI-generated overview

EXCLUSIVE STORAGE FACILITY - SECURE YOUR INVESTMENT NOW! PPIN 98586, Parcel #05-48-09-31-4-000-005.005 Introducing a fantastic opportunity to acquire a newly built and opened in April 2023 storage facility. Perfect for investors and businesses in Baldwin County or nearby! This incredible property boasts a spacious lot size of 6.5 acres, with 190 parking units total, 110 - covered and 80 - open. Whether you're storing boats, RVs, other vehicles, or equipment, this facility has you covered! Perfectly located at the intersection of Hwy 59 and County Road 32 in Summerdale, AL. Featuring a prime spot, this property has excellent visibility and accessibility. Plenty of space to accommodate your customers. The convenience of gated access allows for maximum security, ensuring peace of mind for both you and your clients. Plus, with 24-hour access, your tenants can retrieve their belongings at any time, making it an even more attractive option. Constant area population growth and steady tourist traffic create a booming demand for storage in this area. The projected rent price per covered lot is $150/month and $50 - for an open lot. This facility is expected to attract a steady stream of customers, ensuring excellent rental income potential for the new owner. The seller will consider financing with a 10% downpayment and 7% interest

Property profile
Verified
Property type Self storage facilities
Year built 2023
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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