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    Property profile & analytics
    OFF-MARKET Estimated value $700,000
    Warehouses

    91 Globe Ave, Texarkana, AR 71854

    32,340 SF 3.33 ac lot Built 2001
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US05-1733084
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $440k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $966k
    Blend (final) Blend
    $700k
    Owner & transaction history
    JOHNNY WAYNE JONES
    JOHNNY WAYNE JONES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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