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775 Fm 2264 Decatur, TX 76234

  • Mixed-use properties
  • 19,000 SF
  • 11.90 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • S5 Storage / Self-Storage Facility

Property Details for 775 Fm 2264

Year built
2023
Lot size
11.90 lot acres
Property size
19,000 SF
Property type
Mixed-use properties
Property subtype
Land

Description

This exceptional mixed-use property in Decatur, Texas, presents a lucrative investment opportunity. Encompassing 19,000 square feet on an 11.9-acre lot, the property features 98 mixed-sized storage units housed in two buildings (one with 14' ceilings, the other with 8'-12' ceilings), 15 tiny homes, and three duplexes—all currently generating income. Building 1 includes a contractor suite and boat/RV storage. The storage units, many climate-controlled, are situated on 1.33 fenced acres with expansion potential for additional 10x10 units. Five truck parking spaces are available, with four currently rented. The property is conveniently located approximately one mile from Landmark Industrial Park and Eagles Landing Business Park, just outside Decatur city limits. All tiny homes are occupied, and the storage units currently operate at 40% capacity, projecting a 10% cap rate at full occupancy. The property boasts a website and automated system, and the seller will consider all reasonable offers. The estimated gross monthly income at full capacity is approximately $43,000. Six additional development spots are available with existing sewer, water, and power, offering significant expansion potential. Annual property taxes are $28,368, and annual insurance for the storage facility is $5,357. Monthly expenses include $228 for software and hosting and an average of $424 for electricity. The seller currently pays 10% of income to a management company. This turnkey operation offers immediate income and substantial growth potential.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Wise
State
Texas
Longitude
-97.5395
Latitude
33.1963
More about this property
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