17066 FM 2493 - Self-Storage Facilities FOR SALE


Flint, TX 75762
$1,700,000 USD
678-576-1780
17066 FM 2493, Flint, TX for Sale
$1,700,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | 6.1% Cap Rate

17066 FM 2493
Flint, TX 75762


HIGHLIGHTS

  • Value add opportunity through future expansion and improving current Economic Occupancy
  • Affluent surrounding population with average household incomes above $125,000 in a 3-Mile Radius
  • Strong population growth since 2010 at an annual rate of 1.50%, with projected population growth of 1.80% annually for the next 5 years
  • Strategically located in the path of growth on FM 2493, which sees over 23,000 VPD
  • Attractive stabilized yields in the 8%-9%+ range
  • Operational improvements available as the current owners collect very minimal ancillary income streams

OVERVIEW

Old Jack Storage presents a compelling investment opportunity in the rapidly growing Flint/Tyler market. Situated on FM 2493, a major corridor with over 23,000 vehicles per day, this ±3.29-acre facility offers excellent visibility and accessibility. The property includes six steel-framed buildings with concrete foundations, metal roofing, and secure chain-link fencing. Entry is controlled via electronic keypad access, and the site features paved parking and 15 dedicated spaces. The facility is currently 94% physically occupied, with significant upside through improving economic occupancy and implementing operational enhancements. Current ownership collects minimal ancillary income streams, leaving room for growth via tenant insurance, administrative fees, and late fees. Additionally, the property includes land for future expansion, creating an opportunity to add units and increase revenue. Located in an affluent area with average household incomes exceeding $125,000 within a 3-mile radius, Old Jack Storage benefits from strong demographics and sustained population growth. The surrounding community features new residential developments and proximity to Tyler’s major employment centers, healthcare institutions, and retail hubs. This strategic positioning ensures continued demand for storage solutions in a market with limited supply.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OLD JACK STORAGE

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

Commercial

APN/PARCEL ID

1-00000-0018-03-026004

ASK ABOUT THIS PROPERTY

Austin McLeodMatthews Real Estate Investment ServicesMore Info
678-576-1780

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Austin McLeodMatthews Real Estate Investment ServicesMore Info
678-576-1780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.