Building Details

Year built 1966

Listing Agency: Coldwell Banker American Dream Realty Show Phone

Listed By: Robert Blaase · License #0393397 Show Phone

Added: Aug 25, 2025 Changed: Sep 5 Last Checked: Oct 16 at 11:06PM

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MLS# 109555

Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This self-storage property includes a 70-unit facility arranged across six storage buildings, along with two larger storage structures for expanded storage needs. Unit dimensions range from 10x10 to 10x30. The property also includes two residences, multiple outbuildings, a four-space carport, a pole barn, and a small pond.

The main residence was built in 1966 and features hardwood floors, a fireplace, an open living and dining area, two full baths, and an oversized pantry and laundry room. A separate one-bedroom, one-bath residence provides additional residential space. Commercial zoning supports the property’s existing storage use, while its location near Mabank and Cedar Creek Lake adds convenient regional access.

Key Highlights

• 70‑unit self‑storage facility with six storage buildings
• Two larger storage buildings for bigger storage requirements
• Storage units range from 10x10 to 10x30

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,279

Cap Rate

8.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,245,580 $1.2M

Cap Rate 7%

$889,700 $889.7K

Cap Rate 9%

$691,989 $692.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,999 SF

Gross rent

$81.6K $8.16/SF

− Vacancy

−$8.3K −$0.83/SF

EGI

$73.3K $7.33/SF

− OpEx

−$11.0K −$1.10/SF

NOI

$62.3K $6.23/SF

Area

Henderson County, TX

Vacancy

10.20%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,245,580

Cap Rate 7%

$889,700

Cap Rate 9%

$691,989

Alternative Uses

Best Use

Apartment 5plus

$1.02M

$892.9K – $1.19M (±1% cap)

NOI $71,431 @ 7.0% cap · market cap 10.22%

Second Best

Warehouse

$889.7K

$778.5K – $1.04M (±1% cap)

NOI $62,279 @ 7.0% cap · market cap 8.91%

Theoretical Best

Office A

$3.52M

$3.08M – $4.10M (±1% cap)

NOI $246,215 @ 7.0% cap · market cap 35.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Kitchen & Bath Showroom Plumbing Service Real Estate Agency Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 75156, TX

15,708

Population

8,969

Households

1.8

Avg Household Size

48

Median Age

17%

College-Educated

86%

High-School Grad

32.1 sq mi

ZIP Area

489

Density / Sq Mi

$59,303

Median Household Income

$35,316

Median Earnings

$932

Median Rent

$209,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Commercially zoned property combines storage buildings, two homes, outbuildings, and additional site improvements.

Where is this self storage facility located?

The property is located at 502 Peach Tree Rd Mabank, TX.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 70‑unit self‑storage facility with six storage buildings; Two larger storage buildings for bigger storage requirements; Storage units range from 10x10 to 10x30