Listed by Marcus & Millichap - Columbus
$3,350,000
StoreMore Self Storage & Washland Laundromat
Details
Property Type Self Storage
Square Footage 17,925
Units 146
Cap Rate 8.53%
NOI $285,806
Occupancy 83%
Pro-Forma Cap Rate 11.39%
Pro-Forma NOI $381,544
Price per SqFt $186
Year Built 1996
Buildings 6
Acreage 3.410
Self-Storage & Laundromat | 8.53% Cap Rate
Marketing description
Marcus & Millichap is pleased to offer for sale StoreMore Self Storage & Washland Laundromat located in Wilson, North Carolina. This site features 145 non-climate-controlled drive-up units and one laundromat totaling 17,925 net rentable square feet. The income for both businesses has been growing significantly and still has a lot of remaining upside.
Investment highlights
- Raleigh, North Carolina MSA Self-Storage and Laundromat Offering
- 17,925 Net Rentable Square Feet
- 145 Non-Climate Controlled Drive-Up Self-Storage Units and One 1,500 Square Foot Office Space that is Currently the Laundromat
- Current Gross Income is Roughly $500,666 ($290,984 from the Laundromat and $205,682 from Self-Storage)
- Income for Both Business and Sales has been Growing Significantly and Still has Significant Upside for Future Investors
- This Property Offers Significant Tax Advantages with a Unique Combination that can be Structured Between the Laundromat Business and the Self-Storage Property
- Excellent Visibility Along Ward Boulevard (NC-42/NC-58): 12,000± Vehicles/Day
- On-Site Laundromat Provides Strong Additional Cash-Flow
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$285,806.00
$23,817.17/mo
Valuation Metrics
0
DSCR
8.53%
Cap Rate
8.53%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 122 uses Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics
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