Self-Storage Facility with On-Site
New
For Sale
$995,000
6275 Fm 59, Athens, TX 75751
Established facility with asphalt parking and central electric systems.
Property Size6,116 SF
Days on Market3
Property Features for 6275 Fm 59
General Information
Standard status
Active
Size
6,116 SF
Taxes and HOA fees
Annual Taxes
$1,747
Amenities
Central Air, Electric
Central, Electric
Additional Parking, Asphalt, On Site
Building Details
Building Size
6,116 SF
Year Built
2007
Stories
1
Listing Agency:
Keller Williams Realty Athens
(903) 681-3347
Listed By:
Bradford Rummel · License #0422393
(903) 681-3347
Source:
Evrealestate
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 3:09AM
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 Keller Williams Realty Athens
Investment Insights
Based on property information with market context.
This self-storage facility was built in 2007 and includes central air and electric systems. The property also provides on-site asphalt parking.
The facility is positioned at the southeast corner of Loop 7 and HWY 59 in Athens, Texas, with an address on FM 59. It is located in Henderson County.
The facility is positioned at the southeast corner of Loop 7 and HWY 59 in Athens, Texas, with an address on FM 59. It is located in Henderson County.
Key Highlights
- Self‑storage facility constructed in 2007
- Southeast corner of Loop 7 and HWY 59
- Central air and electric systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$761,880
$761.9K
Cap Rate 7%
$544,200
$544.2K
Cap Rate 9%
$423,267
$423.3K
Market Conditions
NOI Build-Up for 6,116 SF
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.
Gross rent
$49.9K $8.16/SF
− Vacancy
−$5.1K −$0.83/SF
EGI
$44.8K $7.33/SF
− OpEx
−$6.7K −$1.10/SF
NOI
$38.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$761,880
Cap Rate 7%
$544,200
Cap Rate 9%
$423,267
Alternative Uses
Best Use
Warehouse
$544.2K
$476.2K – $634.9K
NOI $38,094 @ 7.0% cap · market cap 3.83%
Second Best
Self Storage
$456.6K
$399.6K – $532.8K
NOI $31,965 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,600 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 75751, TX
17,100
Population
7,432
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
180.4 sq mi
ZIP Area
95
Density / Sq Mi
$71,524
Median Household Income
$31,897
Median Earnings
$1,063
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Established facility with asphalt parking and central electric systems.
Where is this self storage facility located?
The property is located at 6275 Fm 59 Athens, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Self‑storage facility constructed in 2007; Southeast corner of Loop 7 and HWY 59; Central air and electric systems
