Self-Storage Facility with 266
For Sale
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1904 N Washington Ave, Livingston, TX 77351
Self-storage facility featuring 266 units in Livingston, Texas.
Property Size30,860 SF
Price / SF$63.19
Days on Market168
Property Features for 1904 N Washington Ave
General Information
Standard status
Active
Size
30,860 SF
Property subtype
Self Storage
Occupancy
80%
Building Details
Units
266
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #01507135
Source:
Crexi
Added: Mar 9
Changed: Aug 23
Last Checked: Aug 22 at 7:35AM
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 JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This self-storage facility is located in Livingston, Texas. The property encompasses a total area of 30,860 square feet and includes 266 individual units.
Key Highlights
- Self‑Storage Property
- 266 Units
- Priced at $7,895/unit
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
$161,870
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
8.30%
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%
$3,237,400
$3.2M
Cap Rate 7%
$2,312,429
$2.3M
Cap Rate 9%
$1,798,556
$1.8M
Market Conditions
NOI Build-Up for 30,860 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
$248.1K $8.04/SF
− Vacancy
−$16.9K −$0.55/SF
EGI
$231.2K $7.49/SF
− OpEx
−$69.4K −$2.25/SF
NOI
$161.9K $5.25/SF
Area
Polk County, TX
Vacancy
6.80%
Lease Rate
$8.04 /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%
$3,237,400
Cap Rate 7%
$2,312,429
Cap Rate 9%
$1,798,556
Alternative Uses
Best Use
Self Storage
$2.31M
$2.02M – $2.70M
NOI $161,870 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$2.27M
$1.99M – $2.65M
NOI $158,917 @ 7.0% cap · market cap 8.15%
Theoretical Best
Hotel Hospitality
$15.83M
$13.85M – $18.47M
NOI $1,108,183 @ 7.0% cap · market cap 56.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 77351, TX
37,353
Population
17,934
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
636.9 sq mi
ZIP Area
59
Density / Sq Mi
$62,710
Median Household Income
$35,645
Median Earnings
$1,057
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility featuring 266 units in Livingston, Texas.
Where is this self storage facility located?
The property is located at 1904 N Washington Ave Livingston, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Self‑Storage Property; 266 Units; Priced at $7,895/unit
