#3 • 26 Unit Storage Facility Bid. 166 Perkins Rd. Goldsboro, Nc 27530

Part of Finance Friendly and Income Producing Auction. Beautifully Renovated 4 bed/ 2 Bath, 2282 Sq.ft Country Estate with Converted Barns for Outdoor Entertaining & 24 Storage Units (timed auction by Dudley Resources)

High bid $157,500.00

Status: Sold

166 Perkins Rd • Wayne County, NC Mini Storage Facility – 25 Units 26 Storage Units: The facility contains 25 drive-up units in high demand. The unit mix includes 13 units of 10×10 ft, 11 units of 10×20 ft, and 2 units of 10×30 ft, catering to a variety of storage needs. The solid metal construction spans ~3,600 sq ft of rentable space, with a gravel driveway for easy customer access. Strong Income Stream: The storage units generate approximately $36,660 in gross annual income, providing a steady cash flow. After minimal operating expenses, the net operating income (NOI) is about $23,800 per year – an attractive return on investment from day one. Valuation Upside: Based on typical investment cap rates (8–11% in the self-storage industry), this storage business alone is valued in the ballpark of $216,000–$340,000. In other words, a significant portion of the asking price is supported by a proven income-producing asset. Low Maintenance & Expansion Potential: The facility is easy to manage with minimal overhead – no on-site staff required, and upkeep is straightforward. Zoning allows continued self-storage use, and savvy buyers could explore value-add opportunities such as installing a secure gate, adding security cameras, or implementing online rental management to potentially increase income further. There’s room on the parcel for possible expansion of additional units or even vehicle/boat storage, should you wish to grow the business   Property Overview 26-unit non-climate-controlled storage facility situated on 0.66 acres. Unit mix: (13) 10×10 units, (11) 10×20 units, (2) 10×30 units. Constructed in 2003 with a total building area of approximately 3,600 square feet. Current county Tax assessed value: $95,250. Rent Roll & Income Summary Unit Type Count Rent/Month Annual Income 10×10 13 $85 $13,260 10×20 11 $150 $19,800 10×30 2 $225 $5,400 Total 26   $38,460/year Financial Overview Estimated Operating Expenses: 30–35% (non-climate-controlled standard) Estimated Net Operating Income (NOI): approximately $23,800/year Market Capitalization Rate Range: 9% – 11% typical for rural eastern North Carolina Indicated Market Value Range: $225,000 – $275,000 With potential enhancements such as electronic gate access, surveillance, and online rental management, value could increase toward $340,000 (8% cap rate) Cap Rate Valuation Summary Cap Rate Estimated Market Value 8% $340,000 9% $265,000 10% $238,000 11% $216,000 Cap rate valuation provides a quick reference for potential investor return expectations based on stabilized income. Suggested Auction Range $220,000 – $240,000 This offering represents an opportunity to acquire a stabilized, income-producing self-storage facility in Wayne County with proven rental demand and upside potential through technology upgrades and light operational improvements.