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    OFF-MARKET
    Self storage facilities

    3116 9Th St, Texarkana, AR 71854

    45,050 SF
    Property ID
    US05-1703927
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Texarkana, AR. This fee-simple, Class B self-storage facility boasts 45,050 square feet and 325 non-climate controlled drive-up units, currently operating at 96.2% occupancy. Strategically located on US-82 with high daily traffic volume (10,000 vehicles), this all-metal facility benefits from a densely populated residential area and proximity to Texarkana Regional Airport (2.8 miles). Significant upside potential exists through operational improvements. Currently lacking an online presence, implementing online rentals and bill pay could substantially increase revenue. Further revenue growth can be achieved by adjusting street rates (currently 13% below market) and optimizing tenant rates. The existing facility presents a strong foundation for expansion, capitalizing on high market demand. The asking price is $2,950,000, translating to $65.48 per square foot. This property offers a compelling value-add opportunity for an experienced operator seeking to enhance performance and maximize returns. The property is situated at 3116 E 9th St, Texarkana, AR 71854, in Miller County.

    Property profile
    Verified
    Property type Self storage facilities
    Total area 45,050 SF
    UPID US05-1703927
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Mini-Storage Storage Facility
    • Sims House Leveling Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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