380 Eagle’s Nest: Storage Facility
Address: 2820 Highway 380, Decatur, TX 76234
List Price: $1,200,000 | Cap Rate: 9.54% | Net Operating Income (NOI): $114,554
Description:
Income-producing self-storage facility in a high-growth corridor just off Highway 380 in unincorporated 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 70%, presenting immediate lease-up potential and revenue growth. The facility operates with included city water and a septic system, and tenants are billed monthly with simple management processes.
With a 9.54% 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