11609 Tx-248 Spur Tyler, TX 75707
- Self storage facilities
- 26,708 SF
- 1.81 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 11609 Tx-248 Spur
- Lot size
- 1.81 lot acres
- Property size
- 26,708 SF
- Property type
- Self storage facilities
Description
This exceptional self-storage facility in Tyler, Texas, presents a compelling investment opportunity. Boasting 130 units across 26,708 square feet, this Class B property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $133,000. Situated on a 1.81-acre lot at 11609 TX-248 Spur, the property benefits from high visibility and accessibility due to its location on two major roadways. Recent renovations in 2006 and 2021 enhance its appeal. The property's prime location near the University of Texas at Tyler ensures consistent demand from students, faculty, and local residents. The strong market fundamentals in Tyler, a major East Texas economic hub, contribute to the facility's consistently high occupancy rate, offering potential for rental rate increases and further NOI growth. The property's five buildings are zoned for commercial use, and the asking price is $1,750,000, representing a 7.60% cap rate. This stabilized investment offers immediate cash flow and significant upside potential for a savvy investor. The property's APN is 1-00000-1004-00-033000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.2155
- Latitude
- 32.3162
