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1011 W 27th St - Frank Storage 59,365 SF Specialty Building Offered at $1,595,000 in Scottsbluff, NE 69361
INVESTMENT HIGHLIGHTS
- 125 rentable units
- Average vacancy rate of only 10%
- A competitive edge of 47 (38%) climate-controlled units to cater to a diverse clientele and their sensitive belongings
EXECUTIVE SUMMARY
Offered at $1,595,000, this investment represents a compelling $12,760 per door valuation, supported by lean operating expenses and documented 2024 property taxes of $5,343.70. Electric costs are equally efficient at $3,148.61. Beyond its strong fundamentals, the property includes 17,000 square feet of undeveloped land at the rear, bordering a newly developed street—zoned and ready for immediate expansion. This prime acreage unlocks the ability to increase unit count, drive revenue growth, and elevate asset value.
Located in Scottsbluff, the economic hub of Western Nebraska, the property benefits from a growing county GDP of $2.25 billion and a projected unemployment rate of 3.2% for 2025, ensuring resilient self-storage demand. Frank Storage is also part of a larger commercial portfolio in Scotts Bluff County, including eight commercial lots directly across the newly developed street, offering additional opportunities for expansion and diversification.
This is more than a storage facility—it’s a gateway to long-term growth in a thriving market. Secure your position today and capitalize on this rare opportunity to acquire a stabilized, scalable asset in one of Nebraska’s most dynamic regions.
PROPERTY FACTS
| Price | $1,595,000 | Building Class | C |
| Price Per SF | $26.87 | Lot Size | 1.37 AC |
| Sale Type | Investment or Owner User | Building Size | 59,365 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2002/2005 |
| Property Subtype | Self-Storage | Parking Ratio | 0.59/1,000 SF |
| Zoning | 03-COMMERC - Commercial | ||
| Price | $1,595,000 |
| Price Per SF | $26.87 |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 59,365 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2002/2005 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | 03-COMMERC - Commercial |
AMENITIES
- Air Conditioning
ABOUT 1011 W 27TH ST , SCOTTSBLUFF, NE 69361
Acquire Frank Storage, a meticulously maintained, high-occupancy self-storage facility strategically positioned at 1011 W. 27th Street, Scottsbluff, NE. This institutional-grade asset presents a compelling blend of stabilized cash flow and significant expansion potential. The property features 125 rentable units, with a critical competitive advantage: 47 (38%) are climate-controlled, catering to premium customer demand. The facility maintains strong operational health with an average vacancy rate of just 10%. Management is streamlined via seamless online booking capabilities. Key Investment Metrics The property is offered at $1,595,000, which represents a compelling $12,760 price per door valuation. Operating expenses are lean, with 2024 property taxes documented at $5,343.70 and electric costs at $3,148.61. Value-Add Potential This investment includes a key value-add component: 17,000 square feet of undeveloped land located at the rear of the lot, bordering a recently developed street. This acreage is zoned and primed for immediate expansion, allowing a buyer to swiftly increase unit count, drive substantial revenue growth, and enhance the asset's overall value. Strong Market Fundamentals Scottsbluff is the established retail and economic hub for the entire Western Nebraska Panhandle. Scotts Bluff County demonstrates the economic stability essential for resilient self-storage demand, supported by: A growing County GDP of over $2.25 billion (2023). A highly stable local employment base with a projected County unemployment rate of 3.2% for 2025. Frank Storage is offered as part of a larger commercial development portfolio in Scotts Bluff County, in particular eight commercial lots directly across the newly developed street.
PROPERTY TAXES
| Parcel Number | 010341803 | Improvements Assessment | $404,775 |
| Land Assessment | $72,190 | Total Assessment | $476,965 |
PROPERTY TAXES
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1011 W 27th St - Frank Storage
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