Current Use by Public Records
- Reliable Storage / Storage Facility
- Storage Space Conroe / Storage Facility
Property Details for 11483 Old Highway 105
- Year built
- 2005
- Lot size
- 3.88 lot acres
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional investment opportunity presents a 252-unit self-storage facility situated on a 3.88-acre lot in Conroe, Texas. The property boasts 27,400 square feet of rentable space, currently operating at 91% occupancy. Built in 2005 and renovated in 2022, this Class B facility comprises ten single-story buildings and offers a mix of unit sizes, including 5x5, 5x10, 10x10, 10x20, and 10x30 units. The property includes key features such as water and electricity, security cameras, and fenced perimeter, enhanced by motorized fencing for added safety. An electronic pylon sign ensures high visibility. The asking price is $2,290,000, translating to $83.58 per square foot. An additional two acres of land provide significant value-add potential for expansion, ideal for boat and RV storage, capitalizing on the strong and growing demand in this area. The property benefits from its convenient location near major highways (Hwy 105, Hwy 336, and I-45) and possesses a current and valid Certificate of Occupancy. Low operating costs and minimal maintenance requirements further enhance its attractiveness as a stable and profitable investment. This stabilized, value-add property is poised for continued success in a rapidly developing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.3994
- Latitude
- 30.3252
