2820 US HIGHWAY 380, DECATUR, TX 76234
Homes for sale in Decatur.
Homes for sale in 76234.
2820 US Highway 380
Decatur, TX 76234
List Price$1,200,000
Listing #21073775
About This Property
2820 Highway 380, Decatur, TX 76234. List Price $1,200,000 Cap Rate 9.02. Net Operating Income NOI: $108,254 Description: Income-producing self-storage facility in a high-growth corridor just off Highway 380 in the Decatur ETJ of Wise County. The property features 50 storage units and 5 secure parking spaces, with rental rates ranging from $50 to $900 per month. Current occupancy is approximately 61%, presenting immediate lease-up potential and revenue growth. The facility operates with city water and electric, and tenants are billed monthly with simple management processes. With a 9.02% 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 increasing occupancy. Also available as a single turnkey investment: the 380 Eagle's Nest Tiny Home & Storage Facility as a combined portfolio. Adding 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues.
Property Features
Location Information
County
Wise
Subdivision
JH MOORE
Interior Features
Has Fireplace
No
Floors
Concrete
Heating
None
Tenant Pays
Electricity
Cooling
None
Total Number of Units
55
Exterior Features
Construction
Aluminum Siding
Lot Size in Acres
1.74
Foundation
Slab
Lot Size in Sq. Ft.
75,794
Roof
Metal
Zoning
unincorporated. outside city limits
Water / Sewer
Electricity Available, Electricity Connected
Building Total Area (Sq. Ft.)
16,225
Utilities
Electricity Available, Electricity Connected
Is One Story
No
Parking Description
Gravel
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
14920.0
Property SubType
Business
Lot Acres Source
Assessor
Year Built
2002
Similar Listings
Mortgage Calculator
$5,604
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,324
Monthly Tax
$1,000
Monthly Insurance
$280
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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