Investment Overview
All Heartland Storage is a value-add self-storage facility located at 107 Caladium Row in Sebring, Florida. The property includes 184 units totaling 34,550 NRSF on approximately 2.56 acres, with climate-controlled, drive-up, and commercial spaces. Current occupancy and limited operational oversight provide opportunities to increase revenue through professional management, rate optimization, digital marketing, online leasing, tenant retention, and ancillary income programs. The property offers in-place cash flow and meaningful NOI growth potential without the entitlement, construction, and initial lease-up risks associated with new development.
Investment Highlights
- 184 units provide 34,550 NRSF across 2.56 acres.
- 44.43% physical occupancy creates clear lease-up potential.
- 27.28% economic occupancy supports stronger collections and revenue management.
- 72.72% rent variance to market signals pricing upside.
- 4 commercial spaces offer 5,000 SF and $62,400 potential annual rent.
- $437,880 annual gross potential rent spans the current unit mix.
- 10-year pro forma NOI rises from $139,761 to $422,045.
- 69 climate-controlled and 111 drive-up units diversify the storage mix.