Texas Self-Storage
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103 Avenue F, Ennis, TX 75119
Four facilities can be acquired together or separately, with remote management and automated gate entry in place.
Property Size79,625 SF
Price / SF$75.92
Days on Market5
Property Features for 103 Avenue F
General Information
Standard status
Active
Size
79,625 SF
Property subtype
Self Storage
Additional Details
Self-Storage Units
562
Listing Agency:
Marcus & Millichap - Fort Worth
Listed By:
Danny Cunningham · License #TX 635835
(817) 932-6141
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Worth
Investment Insights
Based on property information with market context.
This Texas self-storage portfolio comprises four facilities with 79,625 rentable square feet and 562 units. Buyers may acquire the properties as a group or individually. Current operations use online rental tools, automated gate access, video surveillance, and management software, coordinated through a remote-management model.
The portfolio includes properties in suburban and secondary markets across Texas. One listed facility is located at 103 Avenue F in Ennis. The operating systems provide centralized oversight across the facilities without relying on on-site staffing.
The portfolio includes properties in suburban and secondary markets across Texas. One listed facility is located at 103 Avenue F in Ennis. The operating systems provide centralized oversight across the facilities without relying on on-site staffing.
Key Highlights
- Four self‑storage facilities across Texas
- 79,625 rentable square feet and 562 units
- Available as a portfolio or for individual purchase
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
$553,700
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
9.16%
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%
$11,074,000
$11.1M
Cap Rate 7%
$7,910,000
$7.9M
Cap Rate 9%
$6,152,222
$6.2M
Market Conditions
NOI Build-Up for 79,625 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
$716.6K $9.00/SF
− Vacancy
−$65.2K −$0.82/SF
EGI
$651.4K $8.18/SF
− OpEx
−$97.7K −$1.23/SF
NOI
$553.7K $6.95/SF
Area
Ellis County, TX
Vacancy
9.10%
Lease Rate
$9.00 /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%
$11,074,000
Cap Rate 7%
$7,910,000
Cap Rate 9%
$6,152,222
Alternative Uses
Best Use
Self Storage
$10.32M
$9.03M – $12.04M
NOI $722,358 @ 7.0% cap · market cap 11.95%
Second Best
Warehouse
$7.91M
$6.92M – $9.23M
NOI $553,700 @ 7.0% cap · market cap 9.16%
Theoretical Best
Multifamily LT 5
$868.84M
$760.23M – $1,013.65M
NOI $60,818,798 @ 7.0% cap · market cap 1,006.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Four facilities can be acquired together or separately, with remote management and automated gate entry in place.
Where is this self storage facility located?
The property is located at 103 Avenue F Ennis, TX.
What is the asking price?
The asking price for this property is $6,045,000.
What are key features of this property?
This property features: Four self‑storage facilities across Texas; 79,625 rentable square feet and 562 units; Available as a portfolio or for individual purchase
