Property profile

91 Globe Ave Texarkana, AR 71854

OFF-MARKET
Warehouses
Property ID
US05-1733084
32,340 SF 3.33 ac lot Built 2001
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: This 174-unit self-storage facility, totaling 32,340 square feet, is strategically located in Texarkana, Arkansas, on Highway 67 near the Texarkana Airport. Built in 2001, the property comprises four buildings and offers a mix of 78 climate-controlled and 92 non-climate-controlled units. The facility benefits from high visibility due to its location on Highway 67, providing excellent accessibility and exposure to potential customers. Its proximity to Interstates 49 and 30 further enhances its strategic position. The property operates under a ground lease with an expiration date of August 26, 2053, providing a substantial remaining lease term of 29 years. The asking price is $1,100,000, translating to $34.01 per square foot of the 30,150 square feet of net rentable space. This well-established facility presents a compelling investment opportunity with significant potential for future growth and strong returns. The property's substantial unit count, desirable location, and long-term ground lease make it an attractive asset for discerning investors seeking a stable and profitable investment in the self-storage sector. The property's 30,150 square feet of net rentable space is currently fully occupied.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2001
Total area 32,340 SF
Lot 3.33 ac (145,185 SF)
APN 249456
UPID US05-1733084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

91 Globe Ave Texarkana, AR 71854
Texarkana metro Census 20801 TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$966k
Blend (final) Blend
$440k

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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