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    OFF-MARKET
    Commercial land

    42 Achy Breaky Ln, Greers Ferry, AR 72067-9792

    3.29 ac lot
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1042720
    Property summary
    AI-generated overview

    This exceptional self-storage portfolio in Greers Ferry, Arkansas, presents a compelling investment opportunity. Comprising five properties totaling 170,572 square feet across 30.54 acres, this portfolio offers 469 units of mini, boat, and RV storage. Currently operating at 68% occupancy, the portfolio boasts a 7.66% cap rate and a price per square foot of $17.29. The asking price is $2,950,000, or $6,289.98 per unit. The properties are classified as Class B/C drive-up units, strategically located near Greers Ferry Lake and major roadways. Three locations offer significant expansion potential. The portfolio represents 45% of the total trade area supply, with easy access to both the lake and main thoroughfares. While currently managed with an antiquated approach, significant operational improvements are possible, including website upgrades, online rentals, and strategic capital expenditures to enhance curb appeal and functionality. Rental rates are currently 26% below market average, presenting a substantial opportunity for increased revenue. The properties are offered fee simple. The seller retains the right to accept offers prior to the closing deadline. All site visits require prior scheduling. APN numbers are 20000802001C, 20000699003C, 20000874000C, 107069004/108050000. The lease type is NNN.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 3.29 ac (143,312 SF)
    APN 200-00802-009
    UPID US05-1042720
    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
    Current use
    Occupant on record · Public records
    • Greers Ferry Storage Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jay E Stalter · 4 yrs held
    Jay E Stalter
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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