Listing Agency: All City Real Estate Ltd. Co Show Phone

Listed By: Christine Gordon · License #0480316 Show Phone

Source: Cornerstone-properties

Added: Mar 11 Changed: Oct 11 Last Checked: Oct 20 at 8:05PM

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Investment Insights

Based on property information with market context.

Bar-L Mini Storage and RV Park features 12 RV spots and 27 all-metal 10 X 10 storage units, constructed in 2022. The storage units have an 80% occupancy rate. The RV park includes four 50-amp and eight 30-amp spots. Located off State Highway 36 N in Caldwell, the property has approximately 100 ft of highway frontage and sits on approximately 2.23 acres, with room for further development and growth. A laundry room with connections for four washers and four dryers, along with a shower and bathroom, are available for resident use. These common areas total approximately 380 sq ft. The property also has a well for water use. The location is near Walmart, Brookshire Grocery, gas stations, shopping centers, and a golf course, with Caldwell experiencing population and business development. The location facilitates commuting to Bryan, College Station, Cameron, and other surrounding areas. Two residential homes are on the property and convey with the sale, but they need renovation or demolition.

Key Highlights

• New construction (2022) of storage units.
• High storage unit occupancy (80%).
• Highway frontage on ST HWY 36 N.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,657

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,140 $633.1K

Cap Rate 7%

$452,243 $452.2K

Cap Rate 9%

$351,744 $351.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$60.6K $18.36/SF

− Vacancy

−$3.0K −$0.92/SF

EGI

$57.6K $17.44/SF

− OpEx

−$25.9K −$7.85/SF

NOI

$31.7K $9.59/SF

Area

Burleson County, TX

Vacancy

5.00%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,140

Cap Rate 7%

$452,243

Cap Rate 9%

$351,744

Alternative Uses

Best Use

Apartment 5plus

$452.2K

$395.7K – $527.6K (±1% cap)

NOI $31,657 @ 7.0% cap · market cap 6.66%

Second Best

Self Storage

$409.5K

$358.3K – $477.7K (±1% cap)

NOI $28,662 @ 7.0% cap · market cap 6.03%

Theoretical Best

Office A

$812.6K

$711.0K – $948.0K (±1% cap)

NOI $56,881 @ 7.0% cap · market cap 11.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Plumbing Service Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Explore this area Business Placement

Demographics for 77836, TX

11,721

Population

5,990

Households

2

Avg Household Size

45

Median Age

22%

College-Educated

86%

High-School Grad

431.1 sq mi

ZIP Area

27

Density / Sq Mi

$79,567

Median Household Income

$45,291

Median Earnings

$869

Median Rent

$199,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - RV park and storage units with development potential in Caldwell.

Where is this self storage facility located?

The property is located at 1144 STATE HWY 36 Caldwell, TX.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: New construction (2022) of storage units.; High storage unit occupancy (80%).; Highway frontage on ST HWY 36 N.