922 St Peter St Gonzales, TX 78629
- Self storage facilities
- 5,200 SF
Current Use by Public Records
- Self storage facilities
Property Details for 922 St Peter St
- Property size
- 5,200 SF
- Property type
- Self storage facilities
Description
This exceptional 47-unit self-storage facility presents a compelling value-add investment opportunity in Gonzales, Texas. Located at 922 St Peter St, 78629, the property boasts a total of 5,200 square feet of rentable space, spread across 32 traditional units and two repurposed shipping containers. The property sits on a sizable 19,730 square foot lot, offering potential for future expansion and increased revenue generation. Currently operating under a gross lease, the facility enjoys a strong pro-forma NOI of $36,179, translating to an attractive pro-forma cap rate of 9.04%. The asking price is $400,000, representing a price per square foot of $76.92. This represents a significant opportunity for investors seeking a high-yield, value-add asset in a growing Texas market. The property benefits from excellent access and a low tax rate, further enhancing its investment appeal. The existing infrastructure provides a solid foundation for immediate income generation, while the ample land and potential for expansion offer significant upside potential for long-term growth. This is a rare opportunity to acquire a well-positioned self-storage facility with proven performance and substantial room for future development. The multi-tenancy structure provides diversification and resilience, making it an attractive investment for both seasoned and emerging investors.
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
- Gonzales
- County
- Gonzales
- State
- Texas
- Longitude
- -97.4522
- Latitude
- 29.5072
