Eagle Self Storage
54,000 SF Storage Facility in Joplin, MO | Only $45/SF - Below Replacement Cost
Marketing description
Eagle Self Storage is a 340-unit, all drive-up facility positioned along the primary commercial corridor in Joplin, Missouri, with direct access to Interstate-44 Business. The Property benefits from excellent visibility, convenient access, and strong surrounding residential density—driving consistent tenant demand.
The asset presents a clear value-add opportunity through a combination of lease-up and rental rate growth. Non-climate drive-up units are approximately 97 percent occupied, demonstrating strong underlying demand for traditional storage product. Overall occupancy remains below its potential due to a temporary disruption caused by tornado damage to a portion of the partially enclosed units. All damaged doors have since been replaced, and those units are actively leasing again, creating a near-term opportunity for occupancy and revenue growth as the facility stabilizes.
This dynamic creates a clear path to increase both occupancy and revenue. An investor can further enhance performance by converting approximately 20 partially enclosed units into traditional drive-up storage units for an estimated cost of $75,000. This strategy would replace slightly less desirable inventory with higher-demand product, driving meaningful upside in rental rates, occupancy, and overall cash flow.
Investment highlights
- Non-climate drive-up units approximately 97% occupied, demonstrating strong tenant demand
- Immediate lease-up opportunity as repaired units return to stabilized occupancy
- Below-market rental rates provide a clear path for revenue growth
- Strong infill location with direct frontage along a high-traffic corridor (E 7th / I-44 Business)
- Additional income upside through ancillary revenue and operational improvements
- Low-cost unit conversion of partially enclosed units offers meaningful NOI growth potential
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?















