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About the Listing MIGR02HU - 0546099,0546101
2820 Highway 380, Decatur, TX 76234. List Price $1,200,000 Cap Rate 9.02. Net Operating Income NOI: $108,254 Description: Income-producing self-storage facility in a high-growth corridor just off Highway 380 in the Decatur ETJ of Wise County. The property features 50 storage units and 5 secure parking spaces, with rental rates ranging from $50 to $1000 per month. Current occupancy is approximately 61%, presenting immediate lease-up potential and revenue growth. The facility operates with city water and electric, and tenants are billed monthly with simple management processes. With a 9.02% cap rate on existing operations and a straightforward expense structure, this is a low-maintenance, value-add opportunity for investors looking to grow NOI by increasing occupancy. Also available as a single turnkey investment: the 380 Eagle’s Nest Tiny Home & Storage Facility as a combined portfolio. Includes 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 1 to < 3 Acres
- Garage Capacity: N/A
- Zoning: unincorporated. outside city limits
- Roof: Metal
- Others: Preowned
- Sewer:
- Parking Features: Gravel
Financial Details
- Tax Amount: $14,920
- Taxes w/Assessments: N/A
- Tax/Property ID: 791254
- Tax Year: N/A
Payment Calculator
Monthly Payment
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2820 Us Highway 380 Decatur, TX 76234
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