Modern Self-Storage
10450 FM1902 Crowley, TX 76036
For Sale
$3,700,000
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 Market8
Property Features for 10450 FM1902
General Information
- Standard status
- Active
- Size
- 43,100 SF
- Lot size
- 4.50 Acres
- Property subtype
- Self-Storage Facility
Building Details
- Year Built
- 2016
Listing Agency:
Marcus & Millichap - Fort Worth
(817) 932-6163
Listed By:
Brandon Karr · License #License(s): TX: 0545057, TX: 9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Jul 17
Changed: Jul 23
Last Checked: Jul 23 at 3:14PM
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 Marcus & Millichap - Fort Worth
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $387.9k | $9.00 |
| − Vacancy | −$35.3k | −$0.82 |
| EGI | $352.6k | $8.18 |
| − OpEx | −$52.9k | −$1.23 |
| NOI | $299.7k | $6.95 |
43,100 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
I Need Space
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
The Storage Place
Storage Facility
FAQs
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
