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4497 Main St - R Thomas Mini Storage 26,950 SF Specialty Building Offered at $1,125,000 at a 7.12% Cap Rate in Vidor, TX 77662
INVESTMENT HIGHLIGHTS
- 16,854 Vehicles Per Day on Hwy 105/Main St.
- Owners Have Rarely Raised Rental Rates
- Average Household Income of $85k+
- Only 4 Miles North of IH-10
- Very Few Competitors Within 3 Miles
EXECUTIVE SUMMARY
R. Thomas Mini Storage is a 204 unit, 26,950 NRSF self-storage investment opportunity located on Highway 105 / Main St. in Vidor, Texas. The facility consists of 11 buildings across 4 sites totaling 1.82 acres and is seen by over 16,000 passing vehicles per day (Per TxDOT). Additionally, the facility is less than 5 miles from IH-10. Vidor is a well-located suburb on the edge of the “Golden Triangle” of Texas which refers to the broader market formed by the cities of Beaumont, Port Arthur and Orange. The Golden Triangle is the petrochemical capital of the Texas and is home to over 400,000 residents boasting average household incomes of over $85,000.
Constructed in phases between 1997 and 2007, R. Thomas Mini Storage is an immaculately maintained self storage facility that has been “mom and pop” operated since its inception. Aside from the incremental addition of new buildings, the facility has undergone very few changes over the years and will benefit greatly from an experienced operator who can implement improved web presence, SEO, social media marketing, google ads, SpareFoot profile, etc. Additionally, the facility can be optimized for remote management with the addition of automatic gates and keypad access.
Listed at a compelling price of just under $41/NRSF, R. Thomas Mini Storage is a true value-add opportunity that can be brought into the 21st century with relative ease.
Constructed in phases between 1997 and 2007, R. Thomas Mini Storage is an immaculately maintained self storage facility that has been “mom and pop” operated since its inception. Aside from the incremental addition of new buildings, the facility has undergone very few changes over the years and will benefit greatly from an experienced operator who can implement improved web presence, SEO, social media marketing, google ads, SpareFoot profile, etc. Additionally, the facility can be optimized for remote management with the addition of automatic gates and keypad access.
Listed at a compelling price of just under $41/NRSF, R. Thomas Mini Storage is a true value-add opportunity that can be brought into the 21st century with relative ease.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$117,875
|
$4.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,875
|
$4.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$37,785
|
$1.40
|
| Net Operating Income |
$80,090
|
$2.97
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $117,875 |
| Annual Per SF | $4.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,875 |
| Annual Per SF | $4.37 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $37,785 |
| Annual Per SF | $1.40 |
| Net Operating Income | |
|---|---|
| Annual | $80,090 |
| Annual Per SF | $2.97 |
PROPERTY FACTS
| Price | $1,125,000 | Building Class | C |
| Price Per SF | $41.74 | Lot Size | 1.82 AC |
| Sale Type | Investment | Building Size | 26,950 SF |
| Cap Rate | 7.12% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1997/2007 |
| Property Subtype | Self-Storage | ||
| Zoning | commercial - Commercial | ||
| Price | $1,125,000 |
| Price Per SF | $41.74 |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 26,950 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1997/2007 |
| Zoning | commercial - Commercial |
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PROPERTY TAXES
| Parcel Number | 010714-000290 | Improvements Assessment | $134,363 (2025) |
| Land Assessment | $11,491 (2025) | Total Assessment | $145,854 (2025) |
PROPERTY TAXES
Parcel Number
010714-000290
Land Assessment
$11,491 (2025)
Improvements Assessment
$134,363 (2025)
Total Assessment
$145,854 (2025)
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4497 Main St - R Thomas Mini Storage
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