10381 Farm To Market Rd 730 Azle, TX 76020
- Self storage facilities
- 13,500 SF
- 7.00 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 10381 Farm To Market Rd 730
- Year built
- 2023
- Lot size
- 7.00 lot acres
- Property size
- 13,500 SF
- Property type
- Self storage facilities
Description
Exceptional investment opportunity in Azle, Texas, presents a brand-new, 13,500-square-foot self-storage facility built in 2023. This property boasts 90 units across three single-story buildings situated on a 7-acre lot with Commercial zoning. Currently operating at 49% occupancy, the facility offers significant upside potential with a pro-forma NOI of $292,000 and a pro-forma cap rate of 10.07%. The asking price is $2,900,000, translating to $214.81 per square foot. The property features two gated areas
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
- Azle
- County
- Wise
- State
- Texas
- Longitude
- -97.5464
- Latitude
- 32.9186