Modern Self-Storage
For Sale
$3,700,000
10450 FM1902, Crowley, TX 76036
Modern self-storage facility built in 2016 with climate-controlled and non-climate-controlled units and vehicle parking.
Property Size43,100 SF
Lot Size4.50 Acres
Price / SF$85.85
Days on Market98
Property Features for 10450 FM1902
General Information
Standard status
Active
Size
43,100 SF
Lot size
4.50 Acres
Property subtype
Self-Storage Facility
Occupancy
65%
Additional Details
Cap Rate
6.76%
Traffic Count
11,000 vehicles/day
Amenities
personalized keypad access
24-hour video surveillance
vehicle parking
Built in 2016 With Institutional Quality Construction and Modern Security Features
Unit Mix Features Approximately 45% Climate-Controlled Units, as Well as Boat & RV Parking Units
Less Than One-Half Mile From Chisholm Trail Parkway and FM 1187
Five-Mile Population Has Increased Nearly 19% Since 2020 With Another 10% Growth Projected by 2030
Average Household Income Exceeds $115,000 Within Five-Miles
Located Near Numerous Master-Planned Communities and Ongoing Residential Development Projects
Opportunity To Increase Occupancy and Revenues in a Rapidly Growing DFW Submarket
Building Details
Building Size
43,100 SF
Year Built
2016
Units
383
Listing Agency:
Fort Worth Office
(817) 932-6100
Listed By:
Brandon Karr · License #TX: 0545057, TX: 9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Jul 17
Changed: Oct 21
Last Checked: Oct 20 at 5:14PM
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 Fort Worth Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Storage Place is a 43,100 rentable-square-foot self-storage facility constructed in 2016 on approximately 4.5 acres. The property includes 383 storage units with a balanced mix of climate-controlled and non-climate-controlled options, as well as vehicle parking. The facility also features wide concrete drive aisles, personalized keypad access, 24-hour video surveillance, and attractive curb appeal.
Located just off Farm-to-Market 1187, the property is positioned for visibility and convenient access in a rapidly expanding residential trade area near Chisholm Trail Parkway.
As an operating storage asset with institutional-quality construction and modern security features, The Storage Place is designed for efficient day-to-day tenant access and oversight.
Located just off Farm-to-Market 1187, the property is positioned for visibility and convenient access in a rapidly expanding residential trade area near Chisholm Trail Parkway.
As an operating storage asset with institutional-quality construction and modern security features, The Storage Place is designed for efficient day-to-day tenant access and oversight.
Key Highlights
- 43,100 rentable SF self‑storage facility built in 2016 on approx. 4.5 acres in Crowley, TX
- 383 storage units with a balanced mix of climate‑controlled and non‑climate‑controlled storage
- Vehicle parking available on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,711
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,994,220
$6.0M
Cap Rate 7%
$4,281,586
$4.3M
Cap Rate 9%
$3,330,122
$3.3M
Market Conditions
NOI Build-Up for 43,100 SF
Gross rent
$387.9K $9.00/SF
− Vacancy
−$35.3K −$0.82/SF
EGI
$352.6K $8.18/SF
− OpEx
−$52.9K −$1.23/SF
NOI
$299.7K $6.95/SF
Area
Tarrant 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 Rate 5%
$5,994,220
Cap Rate 7%
$4,281,586
Cap Rate 9%
$3,330,122
Alternative Uses
Best Use
Self Storage
$5.26M
$4.60M – $6.14M
NOI $368,376 @ 7.0% cap · market cap 9.96%
Second Best
Warehouse
$4.28M
$3.75M – $5.00M
NOI $299,711 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$15.16M
$13.27M – $17.69M
NOI $1,061,294 @ 7.0% cap · market cap 28.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
11,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 76036, TX
31,589
Population
11,807
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
44.1 sq mi
ZIP Area
716
Density / Sq Mi
$94,124
Median Household Income
$48,214
Median Earnings
$1,579
Median Rent
$288,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Modern self-storage facility built in 2016 with climate-controlled and non-climate-controlled units and vehicle parking.
Where is this self storage facility located?
The property is located at 10450 FM1902 Crowley, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 43,100 rentable SF self‑storage facility built in 2016 on approx. 4.5 acres in Crowley, TX; 383 storage units with a balanced mix of climate‑controlled and non‑climate‑controlled storage; Vehicle parking available on‑site
