17729 Crk 1100 Flint, TX 75762
- Self storage facilities
- 32,360 SF
- 4.94 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 17729 Crk 1100
- Lot size
- 4.94 lot acres
- Property size
- 32,360 SF
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a 32,360-square-foot RV and boat storage facility situated on 4.939 acres in Flint, Texas. The property comprises three buildings constructed in 2006, 2018, and 2023, offering a total of 71 units. Currently operating at 62% occupancy, with ongoing leasing efforts focused on the newest building, the property boasts a strong potential for increased profitability. The current Net Operating Income (NOI) is $54,775, with a pro-forma NOI projected at $116,045, reflecting an impressive pro-forma cap rate of 8.60%. The asking price is $1,350,000, translating to $41.72 per square foot and $19,014.08 per unit. The property benefits from a prime location on Highway 155 South, boasting 19,370 vehicles per day, and offers significant expansion potential with 1.7 acres of undeveloped land available for future development. This presents a unique chance to capitalize on the high demand for RV and boat storage in the area, offering immediate cash flow and substantial long-term growth prospects. The property is not currently zoned.
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
- Flint
- County
- Smith
- State
- Texas
- Longitude
- -95.4156
- Latitude
- 32.2244
