Property profile

3116 9Th St Texarkana, AR 71854

OFF-MARKET
Land
Property ID
US05-1703927
45,050 SF
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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 Land
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

Current use

Occupant on record · Public records
  • Storage Facility
  • Construction Company General Contractor

Location

3116 9Th St Texarkana, AR 71854
Texarkana metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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