New Braunfels Self-Storage
340 E Torrey St New Braunfels, TX 78130
340 E Torrey St, New Braunfels, TX, 78130
$1,200,000
For Sale
$1,200,000
Self-storage facility with 90 units near New Braunfels' landmarks.
Property Size16,554 SF
Price / SF$72.49
Days on Market171
Property Features for 340 E Torrey St
General Information
- Standard status
- Active
- Size
- 16,554 SF
- Property subtype
- Industrial
Listing Agency
Legacy Commercial Real Estate
(830) 708-9054
Listed by
Will Henry · License #TX #668108
(830) 708-9054
Source
Legacycommercialre
Added: Jan 27 Checked: Jul 17 at 3:54 am
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 Legacy Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in New Braunfels, TX, this property presents an investment opportunity with 16,554 square feet of rental space and 90 units. Suited for an industrial or self-storage owner-operator, the property is near the central business district. The M-1 zoning and location provide a foundation for establishing a business. The real estate and business are included in the list price. Situated at 340 E Torrey St, the property is less than half a mile from Christus Santa Rosa Hospital, Schlitterbahn Waterparks & Resort, Landa Park Golf Course, Downtown New Braunfels, Historic Gruene, and multiple apartment and senior living complexes. The location can service personal and business storage needs. The property features a small office at the front and is gated for security. Most of the 90 units are 10x20, and none are climate controlled.
Key Highlights
- Substantial rental space: 16,554 SF with 90 units, offering significant income potential.
- Strategic location: Close proximity to the central business district, Christus Santa Rosa Hospital, Schlitterbahn, Landa Park, and Gruene.
- M‑1 zoning: Suitable for industrial or self‑storage use.
Local Financial Insights For Industrial
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 | $149.0k | $9.00 |
| − Vacancy | −$7.4k | −$0.45 |
| EGI | $141.5k | $8.55 |
| − OpEx | −$42.5k | −$2.56 |
| NOI | $99.1k | $5.98 |
16,554 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$2.19M
$1.92M – $2.56M
NOI $153,515 @ 7.0% cap · market cap 12.79%
Second Best
Industrial
$1.42M
$1.24M – $1.65M
NOI $99,076 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$4.22M
$3.69M – $4.93M
NOI $295,585 @ 7.0% cap · market cap 24.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Torrey Street Mini-Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Self-storage facility with 90 units near New Braunfels' landmarks.
Where is this self storage facility located?
The property is located at 340 E Torrey St New Braunfels, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Substantial rental space: 16,554 SF with 90 units, offering significant income potential.; Strategic location: Close proximity to the central business district, Christus Santa Rosa Hospital, Schlitterbahn, Landa Park, and Gruene.; M‑1 zoning: Suitable for industrial or self‑storage use.
