Current Use by Public Records
- Self storage facilities
Property Details for 0 Farm To Market 513
- Year built
- 1980
- Property type
- Self storage facilities
Description
Exceptional investment opportunity in Lone Oak, Texas, presents a thriving self-storage business on 7.81 acres. This established facility boasts 99 units across 38,334 square feet, housed within eight buildings constructed in 1980. Currently operating at 85% occupancy, the property includes a mix of unit sizes catering to diverse client needs, including an RV canopy accommodating 30 units (14 existing, 16 under construction) with an on-site dump station. Additional features include an office, tornado shelter, and a manager's residence. A stocked pond enhances the property's appeal. The property is located outside city limits with SF 20 permitting. Significant revenue growth potential exists through increased occupancy and strategic pricing adjustments, as monthly rates were recently updated in January 2025. The property benefits from limited competition within a 5-mile radius and offers 2 acres of land for future expansion. The asking price is $1,398,000, translating to $36.47 per square foot and $14,121.21 per unit. This turnkey operation presents a compelling opportunity for a savvy investor seeking a strong return on investment in a stable 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
- Lone Oak
- County
- Hunt
- State
- Texas
- Longitude
- -95.9668
- Latitude
- 32.9241
