844 6th St Waldron, AR 72958
- Warehouses
- 5,860 SF
- 1.13 lot acres
Current Use by Public Records
- Warehouses
Property Details for 844 6th St
- Year built
- 2003
- Lot size
- 1.13 lot acres
- Property size
- 5,860 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 080-01096-005
- APU
- 8001096005
Description
This exceptional self-storage portfolio in Waldron, Arkansas, presents a compelling investment opportunity. Comprising two properties located at 844 E 6th St and 1712 Sweetgum Ln, the portfolio boasts a total of 21,990 square feet of non-climate-controlled storage space, divided into 147 units. Built in 1983 and renovated in 2003, the properties benefit from a prime location with zero competitors within a 5-mile radius, ensuring a limited supply and high demand. Currently operating at 77% occupancy, the portfolio generates a strong NOI of $68,706, translating to a 6.74% cap rate. Significant upside potential exists through increased occupancy—physical occupancy is currently at 81%, while economic occupancy is at 60%—and the implementation of additional revenue streams such as late fees, administrative fees, and a tenant insurance program. Projected Year 2 cap rate is 8.25%. This portfolio offers a rare chance to acquire a well-established, high-performing asset in a thriving market with substantial growth prospects. The properties are situated in Scott County, Arkansas, zip code 72958. This is a turnkey investment ready for immediate income generation and future expansion. The asking price for this exceptional opportunity is $1,020,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waldron
- County
- Scott
- State
- Arkansas
- Longitude
- -94.0707
- Latitude
- 34.8958
