3465 Rome RdPlainville, GA 30733

Property Details for 3465 Rome Rd

Year built

2019

Lot size

1.50 AC

Property size (Sq ft)

2,600 SF

Zone code

C-G

Property type

Industrial properties

Property subtype

Other warehouses

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.

• Alternative Use

  Use

  Valuation

  Residential

  $629,437

  Hospitality

  $576,561

  Educational

  $479,692

  Medical

  $496,189

  Retail

  $746,187

Location Insight

City

Plainville

County

Gordon

State

Georgia

Latitude

34.4132

Longitude

-85.009

CBSA code

15660

CBSA name

CALHOUN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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