Self-Storage
New
For Sale
$2,200,000
550 N Burleson Blvd, Burleson, TX 76028
The existing facility is 66% physically occupied, with remaining capacity available for lease-up.
Property Size28,600 SF
Price / SF$76.92
Days on Market4
Property Features for 550 N Burleson Blvd
General Information
Standard status
Active
Size
28,600 SF
Property subtype
Self-Storage Facility
Occupancy
66%
Financials
Asking Price
$2,200,000
Cap Rate
6.11%
Additional Details
Highway Access
Yes
Amenities
Lease-Up Opportunity – Current physical occupancy of approximately 66% provides meaningful upside.
Attractive Current Basis – Approximately $77 per square foot with a 6.11% current cap rate.
High-Traffic Location – Less than a quarter-mile from I-35W with more than 76,000 vehicles per day.
Adjacent to Sam's Club – Highly visible location surrounded by established retail and commercial activity.
Strong Demographics – Nearly 119,000 residents within five miles with average household income of approximately $113,000.
Building Details
Building Size
28,600 SF
Year Built
1998
Units
205
Listing Agency:
Marcus & Millichap - Fort Worth
Listed By:
Danny Cunningham · License #License(s): TX: 635835
(817) 932-6141
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 9 at 4:17PM
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 Marcus & Millichap - Fort Worth
Investment Insights
Based on property information with market context.
The self-storage property contains 28,600 square feet and was built in 1998. Physical occupancy is 66%, with the balance of the facility not currently occupied.
The property is less than a quarter-mile from I-35W and next to Sam’s Club. Reported daily traffic exceeds 76,000 vehicles on I-35W and 17,000 on North Burleson Boulevard. Within five miles, population has risen approximately 49% since 2010 to nearly 119,000 residents. Average household income in that area is approximately $113,000, while median household income is nearly $95,000.
The property is less than a quarter-mile from I-35W and next to Sam’s Club. Reported daily traffic exceeds 76,000 vehicles on I-35W and 17,000 on North Burleson Boulevard. Within five miles, population has risen approximately 49% since 2010 to nearly 119,000 residents. Average household income in that area is approximately $113,000, while median household income is nearly $95,000.
Key Highlights
- 28,600‑square‑foot self‑storage facility
- 66% physical occupancy
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,880
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,977,600
$4.0M
Cap Rate 7%
$2,841,143
$2.8M
Cap Rate 9%
$2,209,778
$2.2M
Market Conditions
NOI Build-Up for 28,600 SF
Gross rent
$257.4K $9.00/SF
− Vacancy
−$23.4K −$0.82/SF
EGI
$234.0K $8.18/SF
− OpEx
−$35.1K −$1.23/SF
NOI
$198.9K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,977,600
Cap Rate 7%
$2,841,143
Cap Rate 9%
$2,209,778
Alternative Uses
Best Use
Self Storage
$3.84M
$3.36M – $4.48M
NOI $268,684 @ 7.0% cap · market cap 12.21%
Second Best
Warehouse
$2.84M
$2.49M – $3.31M
NOI $198,880 @ 7.0% cap · market cap 9.04%
Theoretical Best
Multifamily LT 5
$342.82M
$299.97M – $399.95M
NOI $23,997,273 @ 7.0% cap · market cap 1,090.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - The existing facility is 66% physically occupied, with remaining capacity available for lease-up.
Where is this self storage facility located?
The property is located at 550 N Burleson Blvd Burleson, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 28,600‑square‑foot self‑storage facility; 66% physical occupancy; Built in 1998
