Want To Knock Down A Storage Unit Facility In Niceville? This Is Your Chance!

Christopher Saul
May 2, 2024
8:19 pm
Bluewater Bay, Business, Niceville, Valparaiso

We hear you - there are a TON of storage units in our area. Well - if you've got a little extra cash in the cupholder - this is your chance to knock one down.

Based on the sheer volume of ‘I hate storage units in Niceville’ comments we get on our storage unit stories – I’m sure someone will take this offer:

For the second time in three years, the ubiquitous storage unit complex on John Sims Parkway, which serves as a gateway to the City of Niceville as you cross the Rocky Bayou Bridge, is for sale.

A posting on Loopnet by an outfit called Lindsey Self Storage Group out of North Carolina advertised the 84,396-square-foot location for sale. The posting did not list a price, but the Okaloosa County Property Appraiser’s website lists the combined land and improvements value at $6.59 Million.

The facility boasts 83,936 square feet in storage space and a 460 square foot office.

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The building reaps about $110,000 annually in combined property taxes for the City of Niceville, Okaloosa County, School District, and Northwest Florida Water Management District.

The owners of the building, Corner Storage Niceville, LLC, are based in Dexter, Missouri.

The facility’s advertisement advertises a median household income of $99,000 for the area within a three-mile radius and 40,500 vehicles per day that pass by the building.

Finally, the sales information says, “With new management in July of 2023 Mullet Creek Storage has had a significant increase in occupancy.”

Do We Have Too Many Storage Units in Niceville, Valparaiso, and Bluewater Bay?

We can’t really answer that – only consumers can.

But we can answer whether or not we have more storage units than the average town our size.

The answer to that question is a quantifiable ‘yes.’

According to Inside Self Storage the national average for square feet of self storage per capita (every man, woman and child in an area) is six square feet.

We found sixteen self-storage facilities between the east gate of Eglin Air Force Base, the intersection of SR 20 and Spence Parkway, north of the Choctawhatchee Bay, and south of SR-293 (you can see the map below).

If you divide the 492,011 square feet of storage unit space between the roughly 35,000 people who live in that same area, you will get about 14 square feet per capita. Inside Self Storage states, “If a market has fewer than six square feet per capita, it’s considered undersupplied. If it has more, it’s oversupplied.”

This means we have a little more than double the national self-storage capacity.

But, the organization also warns, an area can have extra capacity when more than the national average number of people need to use storage facilities.