1251 Elm Grove SpurBelton, TX 76513

Property Details for 1251 Elm Grove Spur

Year built

2022

Lot size

8.23 AC

Property size (Sq ft)

354,578 SF

Property type

Land

Property subtype

Self storage facilities

Description

This exceptional 8.234-acre commercial property in Belton, Texas (76513), houses a 2022-built, 64,902 square-foot RV and boat storage facility. Currently boasting 149 units with 62% occupancy, this Class C property offers significant value-add potential. The asking price is $1,700,000, translating to $4.79 per square foot and $11,409.40 per unit. The property's pro-forma NOI is $97,586, yielding a 6.78% cap rate. Located just half a mile from the Bell County Expo Center and outside city limits, this facility benefits from a desirable suburban location and strong growth potential in the Belton area. The existing 149 units can be expanded to approximately 250 units, utilizing the additional 3 acres of available land. Below-market rental rates present an immediate opportunity to increase profitability. Seller financing is available, making this a compelling investment opportunity for those seeking a value-add project with significant upside. The total square footage of the land is 354,578 square feet. This property presents a rare chance to acquire a thriving business with substantial expansion capabilities in a rapidly growing Texas market.

Location Insight

City

Belton

County

Bell

State

Texas

Latitude

31.0242

Longitude

-97.4614

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