Retail and Self-Storage Investment
210 N Broadway Street Joshua, TX 76058
For Sale
$875,000
Multi-purpose neighborhood center with retail and self-storage for sale.
Property Size6,818 SF
Price / SF$128.34
Days on Market96
Property Features for 210 N Broadway Street
General Information
- Standard status
- Active
- Size
- 6,818 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency:
Coldwell Banker Apex, REALTORS Cleburne
(972) 783-1919
Listed By:
Cheri White · License #0290313
(214) 546-6414
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:11PM
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 Coldwell Banker Apex, REALTORS Cleburne
Investment Insights
Based on property information with market context.
This multi-purpose neighborhood center is located at the southeast corner of Broadway (Highway 174) and 4th St, immediately off HWY 174. The property combines a 34-unit self-storage facility and a leased retail strip center. The self-storage facility achieves high occupancy rates, and a dry cleaner and retail store are under leases. The property is strategically located to serve the local community. The retail interiors have been upgraded with brick wall accents, newer flooring, and corrugated metal ceilings. The property has high daily traffic counts and is located on a hard corner in a rapidly growing area. It features a covered drive-through. The TPO roof was installed in 2018. Utilities are individually metered. Tenants own the security systems. The building is constructed of block walls with wood joists. The property size is 6,818 square feet.
Key Highlights
- Great corner location with high daily traffic counts on Highway 174.
- Combines self‑storage (34 units with high occupancy) and leased retail strip center for diversified income.
- Steady cash flow from established tenants (self‑storage, dry cleaners, retail store) under secure leases.
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 | $98.2k | $14.40 |
| − Vacancy | −$6.7k | −$0.98 |
| EGI | $91.5k | $13.42 |
| − OpEx | −$27.5k | −$4.03 |
| NOI | $64.1k | $9.39 |
6,818 SF · lease $14.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.62M
$1.41M – $1.89M
NOI $113,168 @ 7.0% cap · market cap 12.93%
Second Best
Self Storage
$915.0K
$800.7K – $1.07M
NOI $64,052 @ 7.0% cap · market cap 7.32%
Theoretical Best
Multifamily LT 5
$81.72M
$71.51M – $95.35M
NOI $5,720,749 @ 7.0% cap · market cap 653.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Four Seasons Cleaners
(Bike/Boat/Book/etc) Store
MY Miniwarehouse
Storage Facility
FAQs
What type of property is this?
Strip mall - Multi-purpose neighborhood center with retail and self-storage for sale.
Where is this strip mall located?
The property is located at 210 N Broadway Street Joshua, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Great corner location with high daily traffic counts on Highway 174.; Combines self‑storage (34 units with high occupancy) and leased retail strip center for diversified income.; Steady cash flow from established tenants (self‑storage, dry cleaners, retail store) under secure leases.
