Lowry Station Self Storage Development Site
Smyrna, TN
Asking price
$1,300,000
Units
—
Cap rate
—
Price / unit
—
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Lowry Station Self Storage Development Site Back to Results Smyrna, TN $1,300,000 Zoned development opportunity in the high-growth Smyrna, Tennessee market. The 1.45-acre property is entitled for a Class A, 3-story, climate-controlled self-storage facility including 78,277 GSF | 54,794 NRSF, designed to meet strong and expanding market demand. The site features approximately 380 feet of frontage along S. Lowry Street (US Highway 41), a major commercial corridor with 18,224 average annual daily traffic, delivering exceptional visibility and exposure. Two points of access—via Stewart Drive and Southside Drive—enhance customer convenience and traffic flow. $1,300,000 View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $1,300,000 54,794 RSF 1.45 Acres Contact Listing Broker Listing Broker Josh Koerner Coastal Storage Group, LLC 904-591-0140 Email Listing Broker Ryan Haney Coastal Storage Group, LLC 904-591-1556 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
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 | $1,300,000 |
|---|---|
| Building size | 54,794 sq ft |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
9 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.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
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.
Unit mix and rent roll — not disclosed
Can you provide the current rent roll with unit sizes, quoted rates and actual rates?
Quoted rates and collected rates diverge in storage more than in most assets. The rent roll shows which one the NOI is built on.
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.
Asking price — disclosed
Currency of the asking price — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
