29765 State Hwy 59 Wayne, OK 73095
This exceptional investment opportunity encompasses a well-established storage unit facility located at 29765 State Highway 59, Wayne, OK. The main property, totaling 4,320 square feet on a 0.3-acre lot, is currently listed at $211,000 and must be purchased in conjunction with three additional properties (MLS#s 1148419, 1148417, & 1148416). Together, these four properties comprise a substantial 200-unit storage complex situated on a combined 2.87 acres. The complex boasts an impressive average occupancy rate of 95%, demonstrating strong and consistent rental income. A significant portion of the storage units have been constructed within the last 2-5 years, indicating recent upgrades and modern amenities. On-site improvements include a 30x30 shop building, providing additional storage or workspace potential. Furthermore, four of the 15x40 units are equipped with electricity, offering enhanced appeal to renters. This turnkey operation presents a rare chance to acquire a profitable and well-maintained storage facility in a prime location, just east of I-35 and conveniently accessible from Highway 59. The high occupancy rate and recent construction suggest a strong potential for continued growth and return on investment.
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
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.