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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    124 Essex Blvd Huntsville, TX 77320

    • Warehouses
    • 41,150 SF
    • 8.64 lot acres
    For Sale
    View listing
    Last Sale
    Dec 17, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9779559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Crossin Moving & Storage / Moving Company
    • AAA Storage Huntsville Texas / Storage Facility
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 124 Essex Blvd

    Year built
    2017
    Lot size
    8.64 lot acres
    Property size
    41,150 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    32742
    APU
    32742

    Description

    This exceptional Class-A self-storage facility, AAA Storage Hillside, presents a compelling investment opportunity. Located at 124 Essex Blvd, Huntsville, Texas, 77320 (Walker County, APN 32742), this property boasts 522 units within a 66,000 square foot building constructed in 2017. The facility sits on a generous 8.5-acre lot, offering significant potential for expansion. Detailed plans are available for adding over 200 additional units to the existing structure, capitalizing on the high demand for self-storage in the area. Currently generating an annual gross income of $721,000, this property offers a strong cash flow with substantial upside potential through expansion. The property's prime location and modern design contribute to its high occupancy rates and strong financial performance. This is a turnkey operation ready for an investor seeking immediate returns and long-term growth. The property's Class-A status ensures high-quality construction and modern amenities, attracting a desirable tenant base. The substantial land area provides ample room for future development and expansion, maximizing the investment's potential. This is a rare opportunity to acquire a thriving self-storage facility with significant growth prospects in a desirable Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,200,000
      Market price range: $1.09M - $2.20M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,770,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,505,000
      Change: -15% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.5478
    Latitude
    30.7339
    CBSA code
    26660
    CBSA name
    HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,812
    $188,180
    $3,084,320
    $3,272,500
    -
    $188,180
    $3,084,320
    $3,272,500

    Comparable in this City

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      41,956 SF

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      1971 Quality Blvd

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      2000 Quality Blvd

      MINI-WAREHOUSE, STORAGE • 7,920 SF
      2000 Quality Blvd, Huntsville, TX 77320
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    • Value Estimation by Request
      3,024 SF

      7 Tomahawk Cir

      MINI-WAREHOUSE, STORAGE • 3,024 SF
      7 Tomahawk Cir, Huntsville, TX 77320-1739
      View Details
    • Value Estimation
      $1,090,000
      26,250 SF

      14 Obannon Dr

      MINI-WAREHOUSE, STORAGE • 26,250 SF
      14 Obannon Dr, Huntsville, TX 77320-0530
      View Details
    • Value Estimation by Request
      6,272 SF

      57 Thomas Lk Rd

      MINI-WAREHOUSE, STORAGE • 6,272 SF
      57 Thomas Lk Rd, Huntsville, TX 77320-0289
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      AAA Storage Hillside: Huntsville, TX

      Class-A Self Storage Facility, High ROI
      124 Essex Blvd, Huntsville, TX 77320
      View Details
    • Contact for pricing
      96.60 Acres

      Huntsville Land: I-45 Frontage

      96.6 Acres, Prime Development Site
      0 Moffett Springs Rd, Huntsville, TX 77320
      View Details
    • $110,000

      218 Sh 30

      Land
      218 Sh 30, Huntsville, TX 77320
      View Details
    • $2,223,760

      Walker County Wooded Land For Sale

      Wooded land in Walker County with private road access.
      000 Off Lost Indian Cp Rd, Huntsville, TX 77320
      View Details
    • $1,613,925
      143.46 Acres

      Huntsville, TX Unimproved Land

      143+ acre property ideal for ranching, recreation, or building.
      1 Wood Farm Rd, Huntsville, TX 77320
      View Details
    • Contact for pricing

      Huntsville Land I-45 Access

      Land with multifamily and student housing zoning near I-45.
      I-45 North Huntsville, Huntsville, TX 77320
      View Details

    Similar Nearby for Lease

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      3,035 SF

      High-Visibility Commercial Space Available

      Versatile space suitable for warehouse, retail, office, or service businesses.
      209 State Highway 75 N, Huntsville, TX 77320
      View Details
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      Huntsville, TX Commercial Land

      9.17 Acres, Artesian Well, Investment Opportunity
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      9,731 SF

      Huntsville Medical Office Space

      New Medical/Office Building, 2,883-9,731 SF
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      View Details
    • $550,000
      2,400 SF

      High-Visibility Building Near Sam Houston

      Office building near university and local businesses for lease.
      929 University Ave, Huntsville, TX 77320
      View Details
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      12,000 SF

      Huntsville Retail Space Available

      Retail space available for rent in Huntsville, Texas.
      916 Veterans Memorial Pkwy, Huntsville, TX 77320
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      238 SF

      Prime Food Truck Spot Available

      Profitable Food Truck Land Lease
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      View Details
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    124 Essex Blvd
    Huntsville, TX 77320
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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