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5824 Watauga Rd
Watauga, TX 76148
Specialty Property For Sale
·
6,981 SF
Investment Highlights
- Busy main road
- NON-Climate Controlled
- Self Storage, no onsite staff needed
- Low Property Expenses
Executive Summary
Excellent investment opportunity in a growing market! This 52-unit non-climate controlled self-storage facility offers stable cash flow with significant potential for increased income. Situated in a high-demand area with continued residential and commercial development, the property benefits from strong local demographics and limited nearby competition. The facility features a range of unit sizes catering to both personal and small business storage needs. Current rental rates are below market average, presenting a clear opportunity for rate increases and improved revenue. With high occupancy and minimal operational overhead, this is an ideal asset for investors looking to expand or enter the self-storage sector.
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.90% | Lot Size | 0.62 AC |
| Sale Condition | Business Value Included | Building Size | 6,981 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1981 |
| Zoning | Commercial/ Industrial | ||
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 6,981 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Zoning | Commercial/ Industrial |
Amenities
- Controlled Access
- Signage
- Fiber Optic Internet
Property Taxes
| Parcel Number | 00355577 | Improvements Assessment | $188,324 |
| Land Assessment | $161,676 | Total Assessment | $350,000 |
Property Taxes
Parcel Number
00355577
Land Assessment
$161,676
Improvements Assessment
$188,324
Total Assessment
$350,000
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