Current Use by Public Records
- Land
Property Details for 16275 State Highway 64
- Lot size
- 9.00 lot acres
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional investment opportunity presents a newly constructed, 15-unit self-storage facility totaling 13,350 rentable square feet, situated on a 9-acre lot in Tyler, Texas. The property boasts a prime location at the intersection of Highways 64 and 279, ensuring high visibility and accessibility to a substantial volume of daily traffic. The facility's modern design minimizes maintenance requirements and offers immediate leasing potential. Beyond the existing 13,350 square feet of rentable space, the property includes 7 acres of undeveloped land with commercial zoning, presenting significant opportunities for expansion or the development of complementary commercial ventures. This strategic location within a thriving regional hub, characterized by robust healthcare, education, and retail sectors, ensures consistent demand for storage services. The property's strong financial performance is evidenced by a current NOI of $82,300 and a 6.33% cap rate. The asking price is $1,300,000. The property is classified as Class B and features three buildings. The property's APN is 1-00000-0647-00-004010. This is a stabilized investment offering immediate income and substantial long-term growth potential. The address is 16275 State Hwy 64, Tyler, TX 75704.
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
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.4402
- Latitude
- 32.3672
