6435 Paluxy Dr Tyler, TX 75703-5933

Property Details for 6435 Paluxy Dr

Year built

1999

Lot size

2.29 lot acres

Property size

15,600 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

1-59905-0000-00-001000

APU

159905000000001000

Description

This exceptional self-storage facility in Tyler, Texas presents a compelling investment opportunity. Boasting 35,540 net rentable square feet across 278 units in eight single-story buildings, this property is 91% occupied as of May 31, 2024. Built in 1999, the facility sits on a 2.29-acre lot (APN R152208) in a prime location at 6435 Paluxy Dr, Tyler, TX 75703, a busy, signalized intersection with over 30,000 vehicles passing daily, ensuring high visibility. The property features a mix of climate-controlled and non-climate-controlled units, and current rental rates outperform competitors on most units, promising strong revenue generation potential. With a pro-forma NOI of $342,270, this fee-simple ownership offers significant upside potential, particularly given the ability to increase rental rates by over 5% to meet current market demands. The surrounding area boasts a median household income exceeding the national average at $79,747 within a three-mile radius, indicating strong tenant demand and long-term stability. The property is zoned commercial. This is a rare opportunity to acquire a fully stabilized, high-performing self-storage asset in a thriving Texas market.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.2805

Latitude

32.2771

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments