746 Houston RdWarner Robins, GA 31093

  • Industrial properties
  • 1,125 SF
For Sale
$670,000 View listing

Property Details for 746 Houston Rd

Year built
1994
Construction
STEEL FRAME
Lot size
0.89 AC
Property size (Sq ft)
1,125 SF
Zone code
C2
Property type
Industrial properties
Property subtype
Other warehouses
APN
0W046A 020000
APU
0W046A020000

Description

This exceptional self-storage opportunity in Warner Robins, Georgia presents a compelling investment prospect. The 10,500 square foot facility, built in 1994, comprises four single-story buildings situated on a 0.89-acre lot (APN: 0W046A 020000). Currently boasting 93% occupancy across its 87 units, the property generates a strong net operating income (NOI) of $43,068, representing a 6.50% capitalization rate. A pro-forma analysis projects a significantly improved NOI of $60,478 and a 9.03% cap rate, indicating substantial upside potential. The property benefits from a dense population base, with over 53,000 residents within a 3-mile radius, and is strategically located near numerous apartment complexes and residential neighborhoods. Further growth is anticipated, with a projected annual population increase of 1.90% over the next five years. This presents a rare chance to acquire a well-established, high-performing self-storage asset with clear potential for enhanced profitability through increased occupancy and rental rate optimization. The property's address is 746 N Houston Rd, Warner Robins, GA 31093. The asking price is $670,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $163,787
    Hospitality
    $150,028
    Educational
    $124,821
    Medical
    $129,114
    Retail
    $194,167
746 Houston Rd, Warner Robins, Georgia

Location Insight

City
Warner Robins
County
Houston
State
Georgia
Latitude
32.6293
Longitude
-83.6411
CBSA code
47580
CBSA name
WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,551
$66,080
$103,560
$169,640
-
$165,200
$258,900
$424,100

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