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    Jonestown, TX 78645

    Sponsored
    For Sale
    $634,900

    24-Unit Storage, High-Growth Potential

    Property size:
    6,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 6,192 square foot self-storage facility in Jonestown, Texas, presents a compelling value-add investment opportunity. Priced at $634,900, it boasts a pro-forma cap rate of 5.97% and a pro-forma NOI of $37,922. Currently featuring 24 units, the property offers significant upside potential through rent increases—rents are currently low and readily increasable. The facility includes 22 outdoor parking spaces, currently only 7 of which are utilized, providing additional revenue streams. Its prime location on a high-traffic road outside a growing community ensures excellent visibility and accessibility. A key-pad automatic gate enhances security. The previous owner's limited advertising efforts further suggest untapped market potential. The property's large units are well-suited for in-demand boat storage. A key advantage is the ability to construct additional storage facilities on the site, expanding capacity and significantly increasing profitability. This turnkey operation offers immediate revenue generation and substantial long-term growth prospects. The property is located at 18803 RM 1431, Jonestown, TX 78645, in Travis County. The lease type is gross, and the tenancy is multi.

    Property Features for 0

    General Information

    Property type
    Self storage facilities
    Square Feet
    6,192 SF

    HighLights

    • 6,192 SF self‑storage facility in Jonestown, TX, offering significant value‑add potential.
    • Opportunity to increase rents, currently below market rates.
    • Keypad entry gate enhances security.
    • Untapped market potential due to previous owner's limited marketing.
    • Excellent visibility and accessibility due to prime location on a high‑traffic road in a growing community.
    • Large units ideal for boat storage, a high‑demand market segment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Jonestown
    County
    Travis
    State
    Texas
    Longitude
    -97.9297928
    Latitude
    30.4850968

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    FAQs

    What type of property is this?
    Self storage facility - 24-Unit Storage, High-Growth Potential
    Where is this self storage facility located?
    The property is located at Jonestown, TX.
    What is the asking price?
    The asking price for this property is $634,900.
    What are key features of this property?
    This property features: 6,192 SF self-storage facility in Jonestown, TX, offering significant value-add potential.; Opportunity to increase rents, currently below market rates.; Keypad entry gate enhances security.
    (512) 289-2299
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    Jonestown, TX 78645
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Jonestown, TX 78645
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