12-Bay Self Storage
For Sale
$627,000
13790 Rec 4, Somerville, TX
Furnished enclosed property with vehicle storage, a workshop, and recreation-oriented improvements near Lake Somerville.
Property Size3,600 SF
Price / SF$174.17
Days on Market12
Property Features for 13790 Rec 4
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Farm
Taxes and HOA fees
Annual Taxes
$2,507
Amenities
fully furnished
expansive enclosed area for all your vehicles
game room
shop
stone patio
oversized shed for your motorhome, RV, and boat
car lift
12-bay storage facility
Listing Agency:
Keller Williams Realty Brazos Valley office
(979) 229-7519
Listed By:
Phyllis Tietjen · License #0345958
(979) 229-7519
Source:
Exprealty
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 10:53PM
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 Keller Williams Realty Brazos Valley office
Investment Insights
Based on property information with market context.
This furnished self storage property includes 3,600 square feet of enclosed space arranged with an open-concept living area, kitchen, three bedrooms with separate bathrooms, a game room, and a shop. Additional improvements include a stone patio, an oversized shed sized for a motorhome, RV, and boat, plus a car lift and a 12-bay storage facility.
The property is located in Somerville, Texas, approximately 5 minutes from the boat dock at Lake Somerville. Its combination of enclosed storage, workshop capability, residential-style amenities, and lake-oriented outdoor space creates a distinctive configuration for an owner-user or storage-focused buyer.
The property is located in Somerville, Texas, approximately 5 minutes from the boat dock at Lake Somerville. Its combination of enclosed storage, workshop capability, residential-style amenities, and lake-oriented outdoor space creates a distinctive configuration for an owner-user or storage-focused buyer.
Key Highlights
- 3,600‑square‑foot enclosed property with open‑concept layout
- 12‑bay storage facility included
- Oversized shed for a motorhome, RV, and boat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,360
$625.4K
Cap Rate 7%
$446,686
$446.7K
Cap Rate 9%
$347,422
$347.4K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$47.5K $13.20/SF
− Vacancy
−$2.9K −$0.79/SF
EGI
$44.7K $12.41/SF
− OpEx
−$13.4K −$3.72/SF
NOI
$31.3K $8.69/SF
Area
Burleson County, TX
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,360
Cap Rate 7%
$446,686
Cap Rate 9%
$347,422
Alternative Uses
Best Use
Self Storage
$446.7K
$390.9K – $521.1K
NOI $31,268 @ 7.0% cap · market cap 4.99%
Second Best
Warehouse
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Furnished enclosed property with vehicle storage, a workshop, and recreation-oriented improvements near Lake Somerville.
Where is this self storage facility located?
The property is located at 13790 Rec 4 Somerville, TX.
What is the asking price?
The asking price for this property is $627,000.
What are key features of this property?
This property features: 3,600‑square‑foot enclosed property with open‑concept layout; 12‑bay storage facility included; Oversized shed for a motorhome, RV, and boat
