New 32-Unit Self-Storage
For Sale
$274,800
558 North Avenue, Donna, TX 78537
Commercial Sale, Donna, TX
Property Size3,278 SF
Lot Size0.31 Acres
Price / SF$83.83
Days on Market144
Property Features for 558 North Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Security features
Security Lighting
Exterior features
Storage
Appliances
Water Heater (None)
Subdivision
Garcia Heights
Lot features
Downtown
Directions
Exit Main St in Donna, go South on Main St, Turn West on NORTH Ave, building on North side of NORTH AVE, between Main St and Ron Hoover St.
Standard status
Active
APN
G061900000000400
Size
3,278 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5975
Building Details
Year built
2024
Floors in Building
1
Building materials
Aluminum Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Apr 15
Changed: Sep 4
Last Checked: Sep 5 at 9:06AM
MLS# 469146
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2024, this 3,278-square-foot self-storage property contains 32 enclosed units within a Mueller prefabricated metal facility. The unit mix includes six 10-by-20-foot spaces and 26 10-by-10-foot spaces, providing two distinct storage configurations. The site is fully fenced and includes four additional parking spaces that are available for rent. Multiple storage units are leased, and the property is located at 558 North Avenue in Donna, Texas.
Key Highlights
- 32 enclosed storage units in two sizes
- Unit mix includes (6) 10x20 units and (26) 10x10 units
- 3,278 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,920
$418.9K
Cap Rate 7%
$299,229
$299.2K
Cap Rate 9%
$232,733
$232.7K
Market Conditions
NOI Build-Up for 3,278 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $8.04/SF
− Vacancy
−$1.7K −$0.52/SF
EGI
$24.6K $7.52/SF
− OpEx
−$3.7K −$1.13/SF
NOI
$20.9K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,920
Cap Rate 7%
$299,229
Cap Rate 9%
$232,733
Alternative Uses
Best Use
Self Storage
$452.4K
$395.8K – $527.8K
NOI $31,665 @ 7.0% cap · market cap 11.52%
Second Best
Warehouse
$299.2K
$261.8K – $349.1K
NOI $20,946 @ 7.0% cap · market cap 7.62%
Theoretical Best
Hotel Hospitality
$2.47M
$2.16M – $2.88M
NOI $172,833 @ 7.0% cap · market cap 62.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced storage property with multiple occupied units and additional parking available for rent.
Where is this self storage facility located?
The property is located at 558 North Avenue Donna, TX.
What is the asking price?
The asking price for this property is $274,800.
What are key features of this property?
This property features: 32 enclosed storage units in two sizes; Unit mix includes (6) 10x20 units and (26) 10x10 units; 3,278 square feet of property size
