746 Houston RdWarner Robins, GA 31093
- Industrial properties
- 1,125 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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