2820 US HIGHWAY 380, DECATUR, TX 76234

Homes for sale in Decatur.

Homes for sale in 76234.


2820 US Highway 380

Decatur, TX 76234

Active

List Price$1,200,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21073775

16,225

Square Feet

55

Number of Units

Commercial

Type

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

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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.

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