Property profile

603 Hwy 271 / 163 Pr Gladewater, TX 75647

OFF-MARKET
Commercial real estate
8 ac lot Built 2017
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses a diverse portfolio of three income-generating properties located in Gladewater, Texas, on a prime 8-acre lot at 603 Upshur 8598 Hwy 271 / 163 PR 1301. The portfolio boasts a significant annual gross income exceeding $286,000, presenting a compelling cap rate for investors seeking strong returns. The centerpiece is a well-established 120-unit storage facility, currently enjoying a remarkable 97% occupancy rate. This provides a stable and predictable income stream. Complementing the storage facility is a thriving RV park featuring 12 spacious RV sites, catering to the growing demand for recreational vehicle accommodations. Finally, a triplex residential building adds further diversification to the portfolio. This triplex includes an efficiency apartment, a one-bedroom, one-bathroom apartment, and a two-bedroom, two-bathroom apartment, offering additional rental income potential. The entire property package is situated on Highway 80 (also known as West Upshur), ensuring high visibility and accessibility. This location in the "Antique Capital of East Texas" provides a unique draw for both residents and tourists, further enhancing the investment potential. This is an exceptional opportunity to acquire a well-established, high-yielding commercial portfolio with significant upside potential. The property is priced at $2,295,000.

Property profile

Verified
Property type Commercial real estate
Year built 2017
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

603 Hwy 271 / 163 Pr Gladewater, TX 75647
Gladewater metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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