Boat & RV Storage
105 Creekwood Landing Dr, Richwood, TX 77531
Call to check price and availability
72-unit boat and RV storage facility with expansion potential.
Type:Land, Self Storage
Property size:
17,225 SFLot size:
11.21 AcresPrice / SF:
$78/SF- Added:
- Jan 29, 2025
- Days on Market:
- 514
- Last Refresh:
- Mar 19 at 8:57 pm
Property Features for 105 Creekwood Landing Dr
General Information
- Standard status
- Active
- Size
- 17,225 SF
- Lot size
- 11.21 Acres
- Property subtype
- Land, Self Storage
Building Details
- Year Built
- 2024
Listing office CSD Realty Company (281) 398-4588
Listing date Jan 29, 2025
Source Crexi
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 CSD Realty Company
HighLights
- High occupancy rate (100% in one year) indicates strong demand and immediate income potential.
- Significant expansion potential with approximately 6 developable acres.
- Prime location with high visibility on Highway 288 (17,000 vehicles per day) and direct exposure to 704 apartment units.
- Affluent and densely populated surrounding area with high average household incomes ($100,000) and over 50,000 residents within a 5‑mile radius.
- State‑of‑the‑art facility with advanced security features: fully fenced, gated, LED lighting, 24/7 digital camera surveillance, and uniquely coded keypad access.
- Unique amenities for tenants: community ice‑maker, multiple free boat/vehicle wash‑down areas, timed lights and electric outlets in every unit, and a compressed air station.
Overview
South Texas Boat & RV Storage is a 72-unit boat and RV storage facility with 26,045 net rentable square feet, located at 105 Creekwood Landing Dr., Richwood, Texas. Situated on 11.21 acres, the site benefits from high visibility on Highway 288, which sees approximately 17,000 vehicles per day. The surrounding area includes 704 apartment units across three complexes on Creekwood Dr. and Timber Creek Dr. The location is densely populated with over 50,000 residents within a 5-mile radius, with household incomes averaging roughly $100,000. Completed in late 2023, the facility is fully fenced and gated, featuring LED lighting, 24/7 digital camera surveillance, and uniquely coded keypad access for each tenant. The four metal-over-steel buildings are fully enclosed and rated for 145 MPH winds. Amenities include a community ice-maker, multiple free boat/vehicle wash-down areas, timed lights and electric outlets in every unit for trickle chargers, and a compressed air station. The facility achieved 100% occupancy within one year. With approximately 6 developable acres remaining, the property offers immediate expansion potential in an area underserved for both boat storage and climate-controlled mini storage. Brazoria County is projected to have over 574,000 residents by 2040.
Local Financial Insights For Self Storage
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 | $171.6k | $9.96 |
| − Vacancy | −$14.6k | −$0.85 |
| EGI | $157.0k | $9.11 |
| − OpEx | −$47.1k | −$2.73 |
| NOI | $109.9k | $6.38 |
17,225 SF · lease $9.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.57M
$1.37M – $1.83M
NOI $109,885 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,702 @ 7.0% cap · market cap 6.57%
Theoretical Best
Multifamily LT 5
$214.58M
$187.76M – $250.34M
NOI $15,020,698 @ 7.0% cap · market cap 1,112.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
South Texas Boat ...
Storage Facility
Pecan Acres Pet ...
Animal Training
Location Insight
- Map
- Local Demand
- City
- Richwood
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3999228
- Latitude
- 29.0360636
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - 72-unit boat and RV storage facility with expansion potential.
Where is this self storage facility located?
The property is located at 105 Creekwood Landing Dr Richwood, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High occupancy rate (100% in one year) indicates strong demand and immediate income potential.; Significant expansion potential with approximately 6 developable acres.; Prime location with high visibility on Highway 288 (17,000 vehicles per day) and direct exposure to 704 apartment units.
