3465 Rome SW Rd Plainville, GA 30733
- Warehouses
- 2,600 SF
- 1.50 lot acres
Current Use by Public Records
- Plainville Storage / Self-Storage Facility / Moving And Storage Service
Property Details for 3465 Rome SW Rd
- Year built
- 2019
- Lot size
- 1.50 lot acres
- Property size
- 2,600 SF
- Zone code
- C-G
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 027 - -051A
- APU
- 027051A
Description
This exceptional 15,320-square-foot self-storage facility in Plainville, Georgia, presents a compelling investment opportunity. Boasting a 6.51% cap rate and a pro-forma cap rate of 9.06%, the property offers significant potential for growth. Built in 2019 and renovated in 2023, the facility comprises three buildings situated on a 1.5-acre lot. The 126 units include 104 non-climate-controlled units, 18 portable units added in 2023, and 4 outdoor parking spaces. Recent improvements include a new camera system, enhanced lighting, and grading improvements to the property. Currently operating at 80% occupancy, the property generates a net operating income (NOI) of $86,248, with a pro-forma NOI of $120,063. Located in an undersupplied market, this facility offers a strong value proposition with a per capita net rentable square foot (NRSF) of 5.23 within a three-mile radius and 5.61 within a five-mile radius. The asking price is $1,325,000. This is a turnkey operation ready for immediate income generation and future expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $870,000
- 6.5%
- $745,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $605,000
- Retail
- $830,000
- Mixed-Use
- $800,000
- Hospitality
- $835,000
- Educational
- $805,000
- Residential Income
- $650,000
- Energy
- $685,000
- Income-Based Land
- $735,000
- Food Service
- $765,000
Location Insight
- Map
- Local Demand
- City
- Plainville
- County
- Gordon
- State
- Georgia
- Longitude
- -85.009
- Latitude
- 34.4132
- CBSA code
- 15660
- CBSA name
- CALHOUN, GA MICROPOLITAN STATISTICAL AREA