Two Storage Facilities Package
For Sale
Contact for pricing
3818 N Town E Blvd, Mesquite, TX 75150
Two storage facilities with 273 units in Mesquite and Balch Springs.
Property Size34,420 SF
Lot Size2.51 Acres
Price / SF$104.59
Days on Market781
Property Features for 3818 N Town E Blvd
General Information
Standard status
Active
Size
34,420 SF
Class
C
Lot size
2.51 Acres
Property subtype
Industrial, Self Storage
Zoning
Commercial -Industrial
Lease Type
Net
Investment Type
Value Add
Building Details
Year Built
1982
Stories
1
Units
273
Tenancy
Multi
Listing Agency:
Caprice Michelle LLC
Listed By:
Caprice Michelle · License #TX 9004701
(214) 789-7364
Source:
Crexi
Added: Jul 22, 2024
Changed: Sep 4
Last Checked: Sep 9 at 9:11AM
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 Caprice Michelle LLC
Investment Insights
Based on property information with market context.
This is an opportunity to purchase two storage facilities and businesses as a package deal, totaling 273 units. The properties are located in Mesquite and Balch Springs, approximately 7 miles apart. The Mesquite location at 3818 N Town East has 200 units, an office, and an apartment, situated on 1.913 acres. The unit breakdown in Mesquite is as follows: twenty-one 5x5 units, fifteen 15x10 units, two 8x10 units, seventy-one 10x10 units, sixty-two 10x15 units, and twenty-nine 10x20 units. The Balch Springs location at 12504 Quail has 73 units on 0.60 acres, consisting of thirty-six 5x10 units, twenty-two 10x10 units, ten 10x20 units, and five 20x20 units. Currently, both locations are managed from the Mesquite office. The total property size is 34420 square feet.
Key Highlights
- Package deal: Two storage facilities and businesses included in the purchase.
- Total of 273 storage units across both locations.
- Prime Mesquite location** with 200 units, office, and apartment.
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
$319,197
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
8.87%
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%
$6,383,940
$6.4M
Cap Rate 7%
$4,559,957
$4.6M
Cap Rate 9%
$3,546,633
$3.5M
Market Conditions
NOI Build-Up for 34,420 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
$495.6K $14.40/SF
− Vacancy
−$39.7K −$1.15/SF
EGI
$456.0K $13.25/SF
− OpEx
−$136.8K −$3.97/SF
NOI
$319.2K $9.27/SF
Area
Mesquite, TX
Vacancy
8.00%
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%
$6,383,940
Cap Rate 7%
$4,559,957
Cap Rate 9%
$3,546,633
Alternative Uses
Best Use
Industrial
$34.20M
$29.93M – $39.90M
NOI $2,394,127 @ 7.0% cap · market cap 66.50%
Second Best
Self Storage
$4.56M
$3.99M – $5.32M
NOI $319,197 @ 7.0% cap · market cap 8.87%
Theoretical Best
Specialty Retail
$92.35M
$80.81M – $107.74M
NOI $6,464,439 @ 7.0% cap · market cap 179.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 75150, TX
64,654
Population
24,892
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
80%
High-School Grad
12.6 sq mi
ZIP Area
5,131
Density / Sq Mi
$65,985
Median Household Income
$38,301
Median Earnings
$1,387
Median Rent
$221,000
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 - Two storage facilities with 273 units in Mesquite and Balch Springs.
Where is this self storage facility located?
The property is located at 3818 N Town E Blvd Mesquite, TX.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Package deal: Two storage facilities and businesses included in the purchase.; Total of **273 storage units** across both locations.; Prime Mesquite location** with 200 units, office, and apartment.
