For Sale
$1,700,000
1251 Elm Grove Spur Belton, TX 76513
High-growth Texas investment. Seller financing.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- $1,700,000 asking price for a value-add, Class C, RV & Boat Storage facility.
- 64,902 square feet of net rentable space on an 8.234-acre lot, with 149 units and 62% occupancy.
- $4.79 price per square foot and a pro-forma cap rate of 6.78%, generating a pro-forma NOI of $97,586.
- Located in Belton, TX, near I-35 and I-14, a half-mile from the Bell County Expo Center.
- Currently 140 spaces with expansion potential to approximately 250 spaces.
- Significant upside potential due to below-market rents and strong growth in Belton, TX.
Property Details for 1251 Elm Grove Spur
- Property type
- Land, Self storage facilities
- Square Feet
- 354,578 SF
- Class
- C
- Year Built
- 2022
- Buildings
- 1
- Lot Size (sq. ft)
- 358,673 SF
- Units
- 149
Location Insight
- City
- Belton
- County
- Bell
- State
- Texas
- Latitude
- 31.0241505
- Longitude
- -97.4613997
Nearby Similar for Sale
FAQs
- What type of property is this?
- Land - High-growth Texas investment. Seller financing.
- Where is the land located?
- The property is located at 1251 Elm Grove Spur Belton, TX.
- What is the asking price?
- The asking price for this property is $1,700,000.
- What are key features of this property?
- This property features: $1,700,000 asking price for a value-add, Class C, RV & Boat Storage facility.; 64,902 square feet of net rentable space on an 8.234-acre lot, with 149 units and 62% occupancy.; $4.79 price per square foot and a pro-forma cap rate of 6.78%, generating a pro-forma NOI of $97,586.
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