Gated Self Storage
For Sale
$2,000,000
9910 Hwy 199 W, Poolville, TX 76487
Fenced storage property with RV parking, individual building utilities, and expansion-ready infrastructure.
Property Size12,000 SF
Lot Size10.00 Acres
Price / SF$166.67
Days on Market430
Property Features for 9910 Hwy 199 W
General Information
Standard status
Active
Size
12,000 SF
Lot size
10.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Amenities
gated access
security lighting
Building Details
Year Built
2012
Listing Agency:
Weichert REALTORS, Team Realty
(817) 598-0988
Listed By:
Beth Correll (817) 220-4663 · License #0342935
Source:
Findtexashomesforsale
Added: Jun 27, 2025
Changed: Aug 29
Last Checked: Aug 25 at 6:30AM
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 Weichert REALTORS, Team Realty
Investment Insights
Based on property information with market context.
This self-storage property occupies almost 10 acres and includes a mix of 10 X 30 and 10 X 15 storage units, along with a designated RV storage area. The site is enclosed and controlled by gated access, with security lighting supporting the facility’s physical security features.
Electricity and water serve each existing building. Stubbed electric and water are also in place for 6 more buildings, providing defined infrastructure for additional storage phases. Located on Highway 199 in Poolville, TX, the property combines existing storage improvements with substantial open acreage for future development.
Electricity and water serve each existing building. Stubbed electric and water are also in place for 6 more buildings, providing defined infrastructure for additional storage phases. Located on Highway 199 in Poolville, TX, the property combines existing storage improvements with substantial open acreage for future development.
Key Highlights
- Almost 10 acres of self‑storage property on Highway 199
- Unit mix includes 10 X 30 and 10 X 15 storage units
- Dedicated RV storage area
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
$100,155
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
5.01%
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%
$2,003,100
$2.0M
Cap Rate 7%
$1,430,786
$1.4M
Cap Rate 9%
$1,112,833
$1.1M
Market Conditions
NOI Build-Up for 12,000 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
$155.5K $12.96/SF
− Vacancy
−$12.4K −$1.04/SF
EGI
$143.1K $11.92/SF
− OpEx
−$42.9K −$3.58/SF
NOI
$100.2K $8.35/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$12.96 /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%
$2,003,100
Cap Rate 7%
$1,430,786
Cap Rate 9%
$1,112,833
Alternative Uses
Best Use
Self Storage
$1.43M
$1.25M – $1.67M
NOI $100,155 @ 7.0% cap · market cap 5.01%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,446 @ 7.0% cap · market cap 4.17%
Theoretical Best
Industrial
$11.92M
$10.43M – $13.91M
NOI $834,675 @ 7.0% cap · market cap 41.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 76487, TX
3,238
Population
1,437
Households
2.3
Avg Household Size
44
Median Age
13%
College-Educated
88%
High-School Grad
88.7 sq mi
ZIP Area
37
Density / Sq Mi
$73,810
Median Household Income
$30,940
Median Earnings
$220,800
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 - Fenced storage property with RV parking, individual building utilities, and expansion-ready infrastructure.
Where is this self storage facility located?
The property is located at 9910 Hwy 199 W Poolville, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Almost 10 acres of self‑storage property on Highway 199; Unit mix includes 10 X 30 and 10 X 15 storage units; Dedicated RV storage area
