215 5Th St Portland, TX 78374
For Sale
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This exceptional income-producing industrial property, located at 215 5th Street in Portland, Texas, presents a compelling investment opportunity. The 6,440 square foot facility sits on a 0.49-acre lot and offers convenient access to Highway 181, ensuring high visibility and easy accessibility for tenants. The property boasts a total of 56 well-maintained storage units, comprising seventeen 10x20 units, twenty-four 10x10 units, four 8x18 units, and one 5x10 trailer storage unit. In addition, ten 10x20 outdoor parking spaces are available. Security features include chain link fencing and a secure gate entrance, providing peace of mind for both the owner and tenants. The buildings are in excellent condition, reflecting a commitment to quality and maintenance. This turnkey operation offers immediate cash flow potential and represents a rare chance to acquire a profitable and well-located storage facility in a growing market. The asking price is $375,000. This is an ideal investment for those seeking a stable, income-generating asset with significant upside potential. Don't miss this chance to own a thriving storage business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.