12746 Fm 3271Tyler, TX 75704

  • Auto shops
  • 6,362 SF
For Sale
$440,000 View listing

Property Details for 12746 Fm 3271

Year built
1980
Construction
STEEL FRAME
Lot size
1.00 AC
Property size (Sq ft)
6,362 SF
Property type
Auto shops
APN
1-00000-1015-00-007004
APU
100000101500007004

Description

This stabilized self-storage facility in Tyler, Texas presents a compelling investment opportunity. Located at 12746 FM 3271, Smith County, zip code 75704, this property boasts 47 units totaling 4,600 net rentable square feet on a 1.058-acre lot. The facility, built in 1998 and consisting of three single-story buildings, currently enjoys an 82% occupancy rate, generating a Net Operating Income (NOI) of $30,618, representing a 7.00% cap rate. The asking price is $440,000, or $9,361.70 per unit, and $95.65 per square foot. The unit mix includes twelve 5x10 units, thirty 10x10 units, and five 10x20 units, catering to a variety of storage needs. The property is fully fenced, ensuring tenant security. The property is zoned commercial (APN: R047426) and offers significant potential for future expansion given the ample lot size and current high demand. This turnkey operation provides immediate cash flow with substantial upside for growth through increased rents, additional units, or value-added services. The property's strong performance history and location in a growing market make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture. This is a rare opportunity to acquire a well-maintained, high-performing self-storage facility with significant potential for future appreciation.

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.4185
Longitude
-95.3796
CBSA code
46340
CBSA name
TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$743
$5,500
$41,932
$47,432
-
$5,500
$41,932
$47,432

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