Meigs Mini Storage is a 50 unit, non climate controlled self storage facility totaling approximately 5,400 rentable square feet on approximately 1.3 acres in the center of Meigs, Georgia. As of July 31, 2026, the property was 92% physically occupied with 46 of 50 units rented. Based on current in place rental rates and normalized recurring operating expenses, the property generates approximately $17,822 of normalized NOI, representing a 6.99% cap rate at the $255,000 asking price.
The property offers meaningful value add potential through rent growth, operational efficiencies, and future expansion. The July 31 rent roll reflects $2,190 of monthly in place rental rates and $2,480 of scheduled standard rate rent, compared with $2,660 of full property monthly standard GPR. This represents approximately $5,640 of annual base rent upside. At full standard GPR and current normalized operating expenses, illustrative NOI increases to approximately $23,462.
In addition to the existing storage operation, the property includes approximately 33,000 square feet of excess land that may provide an opportunity for additional self storage or Boat/RV parking, subject to applicable approvals. Meigs Mini Storage is the only self storage facility in Meigs and offers additional operational upside through remote management and automation.