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    1940 S Magnolia Avenue Luling, TX 78648

    View on Map
    For Sale
    $899,000

    COMMERCIAL - Luling, TX

    Property size:
    10,600 SF
    Lot size:
    5.00 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 1940 S Magnolia Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    56676
    Size
    10,600 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    ABS: 22 SUR: B FUQUA 5.0000 AC.
    TaxAnnualAmount
    17601

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2017
    Floors in Building
    1
    Flooring type
    Paintedstained, Concrete, Carpet
    Building materials
    MetalFrame
    Roof type
    Metal

    We can help!

    Listing Contact
    Ginger Robbins

    Listing agent Ginger Robbins License #0590234

    Listing office Riata Real Estate PO Box 489, TX

    Listing date Jun 23, 2025

    MLS# 584419

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luling Storage Facility with Expansion

    This is a storage facility located just outside of Luling, TX, off IH-10. The property includes 5 acres of land, with additional land available for future expansion. It features 55 fully fenced and rented storage units: 1 unit measuring 10' x 8', 39 units measuring 10' x 16', and 15 units measuring 10' x 20'. The property also includes a 2-bedroom, 1-bath apartment measuring 50' x 30', suitable for on-site management, rental income, or personal use. The property has high visibility and easy access from a major interstate. The property size is 10600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Storage Facility Grocery & Convenience Store Wine and Liquor Store Pet Grooming Service Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luling
    County
    Caldwell
    State
    Texas
    Longitude
    -97.6596176
    Latitude
    29.6551076

    Nearby Similar for Sale

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      Texas Legacy Ranch Opportunity

      Remarkable 156-acre ranch offered for the first time since 1859.
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    • $275,000
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      Versatile Commercial Property on Magnolia Avenue

      High-visibility commercial property with warehouse, office, and residential income potential.
      805 N Magnolia Avenue, Luling, TX 78648
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    • $975,000
      9,600 SF

      New Industrial Space in Luling

      9,600 SF industrial space on 2.47 acres for sale.
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    • $275,000
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      Versatile Commercial Property on Highway

      Adaptable commercial space with warehouse, office, and residential income potential.
      805 N Magnolia Ave, Luling, TX, 78648-1663
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Fully leased storage facility with apartment and expansion potential.
    Where is this self storage facility located?
    The property is located at 1940 S Magnolia Avenue Luling, TX.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Fully leased storage facility providing immediate cash flow.; 5 acres of land with expansion potential.; High visibility and easy access from IH‑10.
    (512) 284-0801
    We can help!
    Listing Contact
    Ginger Robbins
    Real Estate License ID: 0590234
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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