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5824 Watauga Rd 6,981 SF Specialty Building Offered at $450,000 at a 6.90% Cap Rate in Watauga, TX 76148
Investment Highlights
- Busy main road
- NON-Climate Controlled
- Self Storage, no onsite staff needed
- Low Property Expenses
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,049
|
$6.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,049
|
$6.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,015
|
$1.72
|
| Net Operating Income |
$31,034
|
$4.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $43,049 |
| Annual Per SF | $6.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,049 |
| Annual Per SF | $6.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,015 |
| Annual Per SF | $1.72 |
| Net Operating Income | |
|---|---|
| Annual | $31,034 |
| Annual Per SF | $4.45 |
Property Facts
| Price | $450,000 | Property Subtype | Self-Storage |
| Price Per SF | $64.46 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 6.90% | Building Size | 6,981 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1981 |
| Zoning | Commercial/ Industrial | ||
| Price | $450,000 |
| Price Per SF | $64.46 |
| 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
About 5824 WATAUGA RD , WATAUGA, TX 76148
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 Taxes
| Parcel Number | 00355577 | Improvements Assessment | $188,324 |
| Land Assessment | $161,676 | Total Assessment | $350,000 |
Property Taxes
Presented by
5824 Watauga Rd
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