New Braunfels Self-Storage
For Sale
$1,200,000
340 E Torrey St, New Braunfels, TX 78130
Self-storage facility with 90 units near New Braunfels' landmarks.
Property Size16,554 SF
Price / SF$72.49
Days on Market262
Property Features for 340 E Torrey St
General Information
Standard status
Active
Size
16,554 SF
Property subtype
Industrial
Building Details
Building Size
16,554 SF
Listing Agency:
Legacy Commercial Real Estate
Listed By:
Will Henry · License #TX #668108
(830) 708-9054
Source:
Legacycommercialre
Added: Jan 27
Changed: Oct 5
Last Checked: Oct 16 at 5:44AM
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 Legacy Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located in New Braunfels, TX, this property presents an investment opportunity with 16,554 square feet of rental space and 90 units. Suited for an industrial or self-storage owner-operator, the property is near the central business district. The M-1 zoning and location provide a foundation for establishing a business. The real estate and business are included in the list price. Situated at 340 E Torrey St, the property is less than half a mile from Christus Santa Rosa Hospital, Schlitterbahn Waterparks & Resort, Landa Park Golf Course, Downtown New Braunfels, Historic Gruene, and multiple apartment and senior living complexes. The location can service personal and business storage needs. The property features a small office at the front and is gated for security. Most of the 90 units are 10x20, and none are climate controlled.
Key Highlights
- Substantial rental space: 16,554 SF with 90 units, offering significant income potential.
- Strategic location: Close proximity to the central business district, Christus Santa Rosa Hospital, Schlitterbahn, Landa Park, and Gruene.
- M‑1 zoning: Suitable for industrial or self‑storage use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,076
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,520
$2.0M
Cap Rate 7%
$1,415,371
$1.4M
Cap Rate 9%
$1,100,844
$1.1M
Market Conditions
NOI Build-Up for 16,554 SF
Gross rent
$149.0K $9.00/SF
− Vacancy
−$7.4K −$0.45/SF
EGI
$141.5K $8.55/SF
− OpEx
−$42.5K −$2.56/SF
NOI
$99.1K $5.98/SF
Area
Comal County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,520
Cap Rate 7%
$1,415,371
Cap Rate 9%
$1,100,844
Alternative Uses
Best Use
Self Storage
$2.19M
$1.92M – $2.56M
NOI $153,515 @ 7.0% cap · market cap 12.79%
Second Best
Industrial
$1.42M
$1.24M – $1.65M
NOI $99,076 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$4.22M
$3.69M – $4.93M
NOI $295,585 @ 7.0% cap · market cap 24.63%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility with 90 units near New Braunfels' landmarks.
Where is this self storage facility located?
The property is located at 340 E Torrey St New Braunfels, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Substantial rental space: 16,554 SF with 90 units, offering significant income potential.; Strategic location: Close proximity to the central business district, Christus Santa Rosa Hospital, Schlitterbahn, Landa Park, and Gruene.; M‑1 zoning: Suitable for industrial or self‑storage use.
