62-Unit Self-Storage
For Sale
$775,000
1986 , Bandera, TX 78003
Established 62-unit self-storage facility on 2.884 acres with substantial excess land and Highway 3240 frontage.
Property Size8,250 SF
Lot Size2.88 Acres
Price / SF$93.94
Days on Market115
Property Features for 1986
General Information
Standard status
Active
Size
8,250 SF
Lot size
2.88 Acres
Property subtype
Warehouse/Storage
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1997
Listing Agency:
RE/MAX Associates Boerne
Listed By:
Charles Acosta
(210) 483-5000
Source:
Pioneerrealtypartners
Added: Jun 16
Changed: Oct 7
Last Checked: Oct 7 at 1:29PM
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 RE/MAX Associates Boerne
Investment Insights
Based on property information with market context.
This established self-storage facility includes 62 storage units and is set on 2.884 acres of land with substantial excess space. The site also offers room for additional income-producing improvements, including the potential for expanded storage development and dedicated parking areas.
The property is located less than 3 miles from downtown Bandera and provides approximately 260 feet of frontage on Highway 3240. With nearly 483 feet of depth, the configuration supports both day-to-day storage operations and future site development.
The facility has maintained 100% occupancy during the current owner’s ownership, reflecting strong demand and consistent performance. The current rents are believed to be below market, presenting an opportunity for a new owner to pursue revenue growth while capitalizing on the property’s existing occupancy record and available expansion area.
The property is located less than 3 miles from downtown Bandera and provides approximately 260 feet of frontage on Highway 3240. With nearly 483 feet of depth, the configuration supports both day-to-day storage operations and future site development.
The facility has maintained 100% occupancy during the current owner’s ownership, reflecting strong demand and consistent performance. The current rents are believed to be below market, presenting an opportunity for a new owner to pursue revenue growth while capitalizing on the property’s existing occupancy record and available expansion area.
Key Highlights
- Established 62‑unit self‑storage facility on 2.884 acres with substantial excess land
- Approximately 260 feet of Highway 3240 frontage with nearly 483 feet of depth for visibility and access
- Less than 3 miles from downtown Bandera
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,957
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,140
$1.2M
Cap Rate 7%
$856,529
$856.5K
Cap Rate 9%
$666,189
$666.2K
Market Conditions
NOI Build-Up for 8,250 SF
Gross rent
$74.3K $9.00/SF
− Vacancy
−$3.7K −$0.45/SF
EGI
$70.5K $8.55/SF
− OpEx
−$10.6K −$1.28/SF
NOI
$60.0K $7.27/SF
Area
Bandera County, TX
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,140
Cap Rate 7%
$856,529
Cap Rate 9%
$666,189
Alternative Uses
Best Use
Self Storage
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 9.87%
Second Best
Warehouse
$856.5K
$749.5K – $999.3K
NOI $59,957 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$2.10M
$1.84M – $2.46M
NOI $147,310 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 78003, TX
9,595
Population
5,194
Households
1.8
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
226.7 sq mi
ZIP Area
42
Density / Sq Mi
$54,500
Median Household Income
$35,179
Median Earnings
$1,096
Median Rent
$233,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Established 62-unit self-storage facility on 2.884 acres with substantial excess land and Highway 3240 frontage.
Where is this self storage facility located?
The property is located at 1986 Bandera, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Established 62‑unit self‑storage facility on 2.884 acres with substantial excess land; Approximately 260 feet of Highway 3240 frontage with nearly 483 feet of depth for visibility and access; Less than 3 miles from downtown Bandera
