7965 State Hwy 99w Gerber, CA 96035-9740
- Warehouses
- 0.70 lot acres
Current Use by Public Records
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
- U-LOK Mini Storage / Self-Storage Facility
Property Details for 7965 State Hwy 99w
- Year built
- 1985
- Lot size
- 0.70 lot acres
- Zone code
- R1ATB217
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 063-160-008-000
- APU
- 63160008000
Description
This exceptional self-storage investment opportunity in Gerber, CA, presents a compelling proposition for discerning investors. Strategically located between Chico and Red Bluff, near Highway 5 and Old Highway 99W, this established business boasts a prime location and high visibility. Operating successfully since the 1980s, the facility enjoys a strong reputation, evidenced by its 4.6-star Google rating and consistently high occupancy rates. The property encompasses 18,912 square feet, featuring 124 storage units, all conveniently drive-up accessible. Further enhancing its income potential are eight 15x40 outdoor RV parking spaces, with ample room for expansion on the additional 3 acres of land. U-Haul rental sales have shown remarkable growth, increasing fivefold in just the second year of operation, highlighting the facility's strong market position and potential for continued revenue growth. On-site, a fully renovated two-story apartment building provides additional income streams, comprising one two-bedroom, two-bathroom unit and one one-bedroom, one-bathroom manager's unit, both currently rented. There's even potential to convert a two-car garage into an additional one-bedroom, one-bathroom unit. The property benefits from its location outside flood and fire zones, resulting in affordable commercial property and casualty insurance costs. This turnkey operation offers a stable, passive income stream, making it ideal for a variety of investors, from retirees seeking on-site living and consistent rental income to those seeking a diversified multifamily investment portfolio with a mature self-storage component. The U-Haul Authorized Dealer status further adds to the revenue streams through truck rentals and moving supply sales.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $960,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $845,000
- Retail
- $925,000
- Mixed-Use
- $945,000
- Hospitality
- $980,000
- Educational
- $1,015,000
- Residential Income
- $990,000
- Energy
- $995,000
- Income-Based Land
- $765,000
- Food Service
- $905,000
Location Insight
- Map
- Local Demand
- City
- Gerber
- County
- Tehama
- State
- California
- Longitude
- -122.172
- Latitude
- 40.0281
- CBSA code
- 39780
- CBSA name
- RED BLUFF, CA MICROPOLITAN STATISTICAL AREA
