Climate-Controlled Self Storage
For Sale
$108,900
853 Main Street Unit D9, Lake Dallas, TX 75065
Enclosed unit with RV connections, workshop flexibility, and 24-7 access within a secured facility.
Property Size680 SF
Price / SF$160.15
Days on Market8
Property Features for 853 Main Street Unit D9
General Information
Standard status
Active
Size
680 SF
Property subtype
Industrial
Warehouse & Industrial
Power
110 amps
Sprinkler System
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Amenities
24-7 access
facility security
high-pressure power washer
private clubhouse
structure coverage
Building Details
Year Built
2003
Listing Agency:
Team Clary Realty, Inc
(210) 723-1702
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 22 at 4:21AM
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 Team Clary Realty, Inc
Investment Insights
Based on property information with market context.
Unit D9 at 853 Main Street provides 680 square feet of enclosed, climate-controlled storage within a self-storage facility built in 2003. The space includes a secure garage door, epoxy flooring, built-in plumbing, a water faucet, multiple 120V outlets, 50-amp RV hookups, 110-amp electrical service, and a dedicated outdoor sewage dump. A Lennox split HVAC system supports year-round temperature control, while the fire water-suppression system adds an additional building feature.
The unit can accommodate RV storage, vehicle storage, maintenance work, workshop use, or general private storage. Owners have 24-7 access, facility-wide security, and access to an on-site high-pressure power washer with soap. A private clubhouse is also available for owner use. The property is located in Lake Dallas, Texas, near major highways and travel corridors.
The unit can accommodate RV storage, vehicle storage, maintenance work, workshop use, or general private storage. Owners have 24-7 access, facility-wide security, and access to an on-site high-pressure power washer with soap. A private clubhouse is also available for owner use. The property is located in Lake Dallas, Texas, near major highways and travel corridors.
Key Highlights
- 680‑square‑foot enclosed unit with climate control
- 50‑amp RV hookups and 110‑amp electrical service
- Built‑in plumbing, water faucet, and dedicated outdoor sewage dump
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
$6,409
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
5.89%
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%
$128,180
$128.2K
Cap Rate 7%
$91,557
$91.6K
Cap Rate 9%
$71,211
$71.2K
Market Conditions
NOI Build-Up for 680 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
$9.8K $14.40/SF
− Vacancy
−$636 −$0.94/SF
EGI
$9.2K $13.46/SF
− OpEx
−$2.7K −$4.04/SF
NOI
$6.4K $9.42/SF
Area
Denton County, TX
Vacancy
6.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$128,180
Cap Rate 7%
$91,557
Cap Rate 9%
$71,211
Alternative Uses
Best Use
Self Storage
$91.6K
$80.1K – $106.8K
NOI $6,409 @ 7.0% cap · market cap 5.89%
Second Best
Warehouse
$60.5K
$53.0K – $70.6K
NOI $4,238 @ 7.0% cap · market cap 3.89%
Theoretical Best
Multifamily LT 5
$9.51M
$8.32M – $11.09M
NOI $665,659 @ 7.0% cap · market cap 611.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 75065, TX
12,770
Population
5,125
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
85%
High-School Grad
8.3 sq mi
ZIP Area
1,539
Density / Sq Mi
$98,284
Median Household Income
$43,673
Median Earnings
$1,659
Median Rent
$302,100
Median Home Value
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 - Enclosed unit with RV connections, workshop flexibility, and 24-7 access within a secured facility.
Where is this self storage facility located?
The property is located at 853 Main Street Unit D9 Lake Dallas, TX.
What is the asking price?
The asking price for this property is $108,900.
What are key features of this property?
This property features: 680‑square‑foot enclosed unit with climate control; 50‑amp RV hookups and 110‑amp electrical service; Built‑in plumbing, water faucet, and dedicated outdoor sewage dump
