Gulf State Storage
New
For Sale
$2,000,000
2822 Western Ave, Orange, TX 77630
Most units provide interior climate-controlled storage in a range of sizes.
Property Size14,480 SF
Lot Size0.85 Acres
Price / SF$138.12
Days on Market2
Property Features for 2822 Western Ave
General Information
Standard status
Active
Size
14,480 SF
Lot size
0.85 Acres
Property subtype
Self-Storage Facility
Occupancy
90%
Additional Details
Self-Storage Units
161
Property Use
Self Storage
Amenities
The property is operated remotely by two out of state ownersand still maintains approximately 91 percent physical occupancy, demonstrating strong market demand and low touch operations.
Situated on 0.85 acres, the facility allows for the opportunity to add 24 additional 8x10 portable units in the existing gravel area.
Beneficiary of The Grove, a 35 plus acre retail development anchored by Academy Sports + Outdoors and supported by Burlington, Ross, and Five Below.
Building Details
Building Size
14,480 SF
Year Built
2008
Buildings
5
Stories
1
Units
161
Listing Agency:
Houston Office
Listed By:
Dave Knobler · License #License(s): TX: 606252
(713) 452-4293
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 4 at 2:15PM
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 Houston Office
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Investment Insights
Based on property information with market context.
Built in 2008, this self-storage property contains 161 units across five single-story buildings. The facility totals 14,480 rentable square feet on a 0.85-acre site, with an average unit size of 91 square feet. Interior climate-controlled space accounts for 85.64% of the units, with sizes including 5×10, 10×10, 10×15, and 15×15.
The site also has room for 1,920 NRSF of portable storage units. The property is located at 2822 Western Ave in Orange, Texas.
The site also has room for 1,920 NRSF of portable storage units. The property is located at 2822 Western Ave in Orange, Texas.
Key Highlights
- 161 units in five single‑story buildings
- 14,480 rentable square feet on 0.85 acres
- 85.64% of units offer interior climate‑controlled space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,309
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,846,180
$2.8M
Cap Rate 7%
$2,032,986
$2.0M
Cap Rate 9%
$1,581,211
$1.6M
Market Conditions
NOI Build-Up for 14,480 SF
Gross rent
$225.9K $15.60/SF
− Vacancy
−$22.6K −$1.56/SF
EGI
$203.3K $14.04/SF
− OpEx
−$61.0K −$4.21/SF
NOI
$142.3K $9.83/SF
Area
Orange County, TX
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,846,180
Cap Rate 7%
$2,032,986
Cap Rate 9%
$1,581,211
Alternative Uses
Best Use
Self Storage
$2.03M
$1.78M – $2.37M
NOI $142,309 @ 7.0% cap · market cap 7.12%
Second Best
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,381 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,372 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 77630, TX
29,317
Population
13,127
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
90%
High-School Grad
95.8 sq mi
ZIP Area
306
Density / Sq Mi
$63,588
Median Household Income
$37,307
Median Earnings
$1,033
Median Rent
$163,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Most units provide interior climate-controlled storage in a range of sizes.
Where is this self storage facility located?
The property is located at 2822 Western Ave Orange, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 161 units in five single‑story buildings; 14,480 rentable square feet on 0.85 acres; 85.64% of units offer interior climate‑controlled space
