844 6Th StWaldron, AR 72958

Property Details for 844 6Th St

Year built

2003

Lot size

1.13 AC

Property size (Sq ft)

5,860 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

080-01096-005

APU

8001096005

Description

This exceptional self-storage portfolio in Waldron, Arkansas, presents a compelling investment opportunity. Comprising two properties located at 844 E 6th St and 1712 Sweetgum Ln, the portfolio boasts a total of 21,990 square feet of non-climate-controlled storage space, divided into 147 units. Built in 1983 and renovated in 2003, the properties benefit from a prime location with zero competitors within a 5-mile radius, ensuring a limited supply and high demand. Currently operating at 77% occupancy, the portfolio generates a strong NOI of $68,706, translating to a 6.74% cap rate. Significant upside potential exists through increased occupancy—physical occupancy is currently at 81%, while economic occupancy is at 60%—and the implementation of additional revenue streams such as late fees, administrative fees, and a tenant insurance program. Projected Year 2 cap rate is 8.25%. This portfolio offers a rare chance to acquire a well-established, high-performing asset in a thriving market with substantial growth prospects. The properties are situated in Scott County, Arkansas, zip code 72958. This is a turnkey investment ready for immediate income generation and future expansion. The asking price for this exceptional opportunity is $1,020,000.

• Alternative Use

  Use

  Valuation

  Residential

  $3,566,400

  Hospitality

  $3,266,803

  Educational

  $2,717,942

  Medical

  $2,811,416

  Retail

  $4,227,909

Location Insight

City

Waldron

County

Scott

State

Arkansas

Property Tax & Assessments

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