Home Star Storage
Memphis, TN
Asking price
Market-determined pricing
Units
310
Cap rate
—
Price / unit
—
About this property
Home Star Storage - Skip to content Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in View All Properties for Sale Home Star Storage Memphis, TN Self Storage Login to View Financials Login to View OM Share This Property Call for Offers: ends October 15, 2026 Deal Highlights • Strong Lease-Up Performance: Demonstrated occupancy growth since delivery without sacrificing rental rates, supporting the asset’s path toward stabilization. • Strong Demand For Self-Storage: Self-storage saturation remains relatively low at approximately 6.15 SF per capita within one mile and 8.77 SF per capita within three miles. • Significant Residential Growth Pipeline: More than 1,200 multifamily units are planned within 5 miles, with an additional 3,300 units planned within 6 miles. Address: 3929 Summer Ave, Memphis, TN, 38122 Price: TBD by Market Pro Forma NOI: $392,460 Net Rentable Square Feet: 31,859 NRSF Unit Count: 310 Lot Size: 0.97 Acres Status: Active Year Built: 2022 *Lead broker information is located within the offering memorandum. Listed By: SkyView Advisors, LLC. TN RE Lic # 266366 Ready to Understand Your Property’s True Market Position? Whether you’re planning ahead or exploring your options, our advisors provide clear guidance backed by real-time data and national transaction insights. Get Your Property Valuation Speak With an Advisor Services Properties Track Record Insights Careers Who We Are Contact Us 100 S. Ashley Drive #600, Tampa, FL 33602 Tel: [phone — unlock to view] © 2026 SkyView Advisors, LLC. All Rights Reserved. Privacy Policy Terms & Conditions Licensing & Disclosures Instagram Facebook LinkedIn X YouTube Log in Register Remember me Log In Forgot your password? Register Lost your password? Please enter your email address. You will receive an email with a link to set new password. Reset password Back to login Nondisclosure agreement this nondisclosure agreement (this “ Agreement ”), made as of this 16th day of September, 2026 (the “ Effective Date ”) [COMPANY], a [COMPANY TYPE], and its affiliates, (“ Recipient ”), with an address of [ADDRESS], for the benefit of Skyview Advisors LLC (“ Discloser ”), with an address of 100 N Ashley Dr, Suite 600 | Tampa, FL 33602 (collectively, Recipient and Discloser are the “ Parties ”). RECITALS: WHEREAS , Recipient been advised that Discloser is acting as the exclusive agent to the owner of the property known as Home Star Storage and located at (the “ Property ”); WHEREAS , Discloser is willing to provide to Recipient the certain information pursuant to the terms set forth herein in order to facilitate a potential transaction between Recipient and the owner to the Property in connection with the Property (the “ Transaction ”); WHEREAS , subject to full execution of this Agreement by all Parties, the Discloser intends to provide Recipient with certain proprietary and confidential information as determined by Discloser relating to the Transaction.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Market-determined pricing |
|---|---|
| Units | 310 |
| NOI | $392,460 |
| Building size | 31,859 sq ft |
| Lot size | 0.97 acres |
| Year built | 2022 |
| Address | 3929 Summer Ave, Memphis, TN, 38122 |
| First seen by UnitListed | Sep 17, 2026 |
| Source page last checked | Sep 17, 2026 |
| Source last changed | Sep 17, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Net operating income — disclosed
Unit mix and rent roll — disclosed
Trade area · Shelby, TN
3 of 6 availableContext about the county from the public record — not from the seller, and not a valuation. The seller's own figures are shown separately above and are never mixed with these.
Shelby, TN has 78 lessors of miniwarehouses and self-storage units recorded by Census across 922,195 residents — about 11,823 people per facility.
- Mapped competitors nearby
- —
- Residents per competing facility
- 11,823
- Renter-occupied housing
- 45.4%
- Median SBA loan approved, this asset class
- —
- SBA loans in this industry that charged off
- —
- FEMA composite risk rating
- Relatively High
Not yet looked up for this listing.
OpenStreetMap contributors · current
US Census County Business Patterns + ACS · 2022 · county level
US Census ACS 5-year, table B25003 · 2023 · county level
Only 4 loans recorded — too few to publish a median. The count is shown instead.
SBA 7(a) and 504 FOIA loan disclosures · FY2021-FY2023 · county level
Only 4 loans on record; a default rate over that few is noise.
SBA 7(a) and 504 FOIA loan disclosures · FY2021-FY2023 · county level
FEMA National Risk Index · 2025 · county level
Sources: US Census Bureau (County Business Patterns, American Community Survey), US Small Business Administration 7(a)/504 loan disclosures, FEMA National Risk Index, and © OpenStreetMap contributors. Public records describe a county, not this property.
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 17, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 17, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
