62-Unit Self-Storage
1986 Fm 3240 Bandera, TX 78003
1986 Fm 3240, Bandera, TX, 78003
$790,000
For Sale
$790,000
Established 62-unit self-storage facility on 2.884 acres with substantial excess land and Highway 3240 frontage.
Property Size8,250 SF
Lot Size2.88 Acres
Price / SF$95.76
Days on Market36
Property Features for 1986 Fm 3240
General Information
- Standard status
- Active
- Size
- 8,250 SF
- Lot size
- 2.88 Acres
Listing agency
RE/MAX Preferred, REALTORS
(210) 483-5000
Listed by
Charles Acosta
(210) 483-5000
Source
Exprealty
Added: Jun 16 Updated: Jul 20 at 9:43PM Checked: Jul 20 at 9:43PM
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 RE/MAX Preferred, REALTORS
Investment Insights
Based on property information with market context.
This established self-storage facility includes 62 storage units and is set on 2.884 acres of land with substantial excess space. The site also offers room for additional income-producing improvements, including the potential for expanded storage development and dedicated parking areas.
The property is located less than 3 miles from downtown Bandera and provides approximately 260 feet of frontage on Highway 3240. With nearly 483 feet of depth, the configuration supports both day-to-day storage operations and future site development.
The facility has maintained 100% occupancy during the current owner’s ownership, reflecting strong demand and consistent performance. The current rents are believed to be below market, presenting an opportunity for a new owner to pursue revenue growth while capitalizing on the property’s existing occupancy record and available expansion area.
The property is located less than 3 miles from downtown Bandera and provides approximately 260 feet of frontage on Highway 3240. With nearly 483 feet of depth, the configuration supports both day-to-day storage operations and future site development.
The facility has maintained 100% occupancy during the current owner’s ownership, reflecting strong demand and consistent performance. The current rents are believed to be below market, presenting an opportunity for a new owner to pursue revenue growth while capitalizing on the property’s existing occupancy record and available expansion area.
Key Highlights
- Established 62‑unit self‑storage facility on 2.884 acres with substantial excess land
- Approximately 260 feet of Highway 3240 frontage with nearly 483 feet of depth for visibility and access
- Less than 3 miles from downtown Bandera
Local Financial Insights For Warehouse
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 | $74.3k | $9.00 |
| − Vacancy | −$3.7k | −$0.45 |
| EGI | $70.5k | $8.55 |
| − OpEx | −$10.6k | −$1.28 |
| NOI | $60.0k | $7.27 |
8,250 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 9.68%
Second Best
Warehouse
$856.5K
$749.5K – $999.3K
NOI $59,957 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$2.10M
$1.84M – $2.46M
NOI $147,310 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Established 62-unit self-storage facility on 2.884 acres with substantial excess land and Highway 3240 frontage.
Where is this self storage facility located?
The property is located at 1986 Fm 3240 Bandera, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Established 62‑unit self‑storage facility on 2.884 acres with substantial excess land; Approximately 260 feet of Highway 3240 frontage with nearly 483 feet of depth for visibility and access; Less than 3 miles from downtown Bandera
