123 Pope Rd - College Square Storage
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123 Pope Rd - College Square Storage
9,600 SF Specialty Building Offered at $1,050,000 at a 7.41% Cap Rate in Morristown, TN 37813
Investment Highlights
- New and stabilized climate control units.
- The facility has 67 (10x10) units but the owner has converted 6 units into (10x20).
- Digital Video Surveillance
- Occupancy is 98% to 100% with room for a rent increase.
- Minutes from Walters State Community College, College Square Mall, Industrial Park, and numerous apartment complexes.
- Online Bill Pay with recurring billing,
Executive Summary
1-year-old climate control storage.Excellent location with room to increase rates!
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,050,000 | Lot Size | 0.71 AC |
| Price Per SF | $109 | Building Size | 9,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.41% | Year Built | 2023 |
| Property Type | Parking Ratio | 0.42/1,000 SF |
| Price | $1,050,000 |
| Price Per SF | $109 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Property Type | |
| Lot Size | 0.71 AC |
| Building Size | 9,600 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 0.42/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 032025M K 00102 | Total Assessment | $203,920 (2024) |
| Land Assessment | $8,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $195,120 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
032025M K 00102
Land Assessment
$8,800 (2024)
Improvements Assessment
$195,120 (2024)
Total Assessment
$203,920 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | C (Commercial.Please feel free to call so I can help find the lowest rates in the area.) |
| C (Commercial.Please feel free to call so I can help find the lowest rates in the area.) |
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123 Pope Rd - College Square Storage
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