13 Applegate Cir
Round Rock, TX 78665
Specialty Property For Sale · 3,000 SF

Existing Self-Storage Business with Huge Expansion Potential. Innovative Storage Business located on an un-zoned lot in Round Rock, TX which is reported to be the 10th Fastest Growing City in the Nation. The property currently has 3 income streams, Residential Rental Unit, Customer Owned Storage Container Space Rental, Company Owned Storage Rentals. The Sellers currently have 43 Owned units with 1 vacant. Sellers add units with demand. As they rent one they add another. The rents are $80/month for 160/SF unit which is below what traditional Self Storage companies in the area charge. There is little need for onsite management and all interaction with customers is typically online or by phone keeping management and operating expenses low. The Sellers anticipate that they can expand the property to 160 units without removing the residential rental unit. They estimate that for each new unit purchased and placed the cost would be $3000.00 ( Storage containers can vary in cost based on supply and demand in container market. Placement cost can vary depending on owner involvement. $3000.00/unit is a high estimate.) To purchase an additional 117 units to expand to estimated capacity would cost an estimated $351,000.00. The Sellers are continuing to operate and add units so this amount could change. The Expansion Potential would yield an estimated $159,864 Net Operating Income even if current operating expenses and taxes doubled.