3725 Flory St North Richland Hills, TX 76180-8833

Property Details for 3725 Flory St

Year built

1976

Lot size

1.38 lot acres

Property size

24,824 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

12920-2-10R

APU

12920210R

Description

This exceptional self-storage facility in North Richland Hills, Texas, presents a compelling investment opportunity. The 21,910 rentable square foot property, situated on 1.34 acres, boasts 148 units, including climate-controlled, non-climate-controlled, indoor, and large commercial warehouse units, plus uncovered parking. Built in 1976, the seven-building complex features garage-style roll-up doors, perimeter fencing, key-pad gated entry, and concrete driveways. Currently operating at 85% occupancy, the property benefits from a highly desirable location at the intersection of Rufe Snow Drive and Boulevard 26, experiencing high daily traffic volume (9,000 and 16,100 vehicles respectively). The surrounding area showcases a strong demographic profile, with average household incomes exceeding $90,000 within a one-mile radius and a population of 88,082 within three miles. Significant value-add potential exists through the implementation of a remote management strategy, aiming to optimize the current 86% income-to-expense ratio towards a more typical 40-50% range, thereby substantially increasing net operating income. The property is offered at $1,450,000 ($66.18/sq ft), representing a below-replacement-cost acquisition in a rapidly developing area, enhanced by nearby amenities like NRH20 Family Water Park, the upcoming Peppa Pig Theme Park, and the recently opened Trinity Railway Express station. Further growth is anticipated with the development of the NRH Town Center.

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Longitude

-97.2372

Latitude

32.8185

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments