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17066 FM 2493
Flint, TX 75762
OLD JACK STORAGE · Specialty Property For Sale
·
20,348 SF
Investment Highlights
- Value add opportunity through future expansion and improving current Economic Occupancy
- Strong population growth since 2010 at an annual rate of 1.50%, with projected population growth of 1.80% annually for the next 5 years
- Attractive stabilized yields in the 8%-9%+ range
- Affluent surrounding population with average household incomes above $125,000 in a 3-Mile Radius
- Strategically located in the path of growth on FM 2493, which sees over 23,000 VPD
- Operational improvements available as the current owners collect very minimal ancillary income streams
Executive Summary
Old Jack Storage presents a compelling investment opportunity in the rapidly growing Flint/Tyler market. Situated on FM 2493, a major corridor with over 23,000 vehicles per day, this ±3.29-acre facility offers excellent visibility and accessibility. The property includes six steel-framed buildings with concrete foundations, metal roofing, and secure chain-link fencing. Entry is controlled via electronic keypad access, and the site features paved parking and 15 dedicated spaces.
The facility is currently 94% physically occupied, with significant upside through improving economic occupancy and implementing operational enhancements. Current ownership collects minimal ancillary income streams, leaving room for growth via tenant insurance, administrative fees, and late fees. Additionally, the property includes land for future expansion, creating an opportunity to add units and increase revenue.
Located in an affluent area with average household incomes exceeding $125,000 within a 3-mile radius, Old Jack Storage benefits from strong demographics and sustained population growth. The surrounding community features new residential developments and proximity to Tyler’s major employment centers, healthcare institutions, and retail hubs. This strategic positioning ensures continued demand for storage solutions in a market with limited supply.
The facility is currently 94% physically occupied, with significant upside through improving economic occupancy and implementing operational enhancements. Current ownership collects minimal ancillary income streams, leaving room for growth via tenant insurance, administrative fees, and late fees. Additionally, the property includes land for future expansion, creating an opportunity to add units and increase revenue.
Located in an affluent area with average household incomes exceeding $125,000 within a 3-mile radius, Old Jack Storage benefits from strong demographics and sustained population growth. The surrounding community features new residential developments and proximity to Tyler’s major employment centers, healthcare institutions, and retail hubs. This strategic positioning ensures continued demand for storage solutions in a market with limited supply.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 3.29 AC |
| Cap Rate | 6.10% | Building Size | 20,348 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2005 |
| Building Class | B | ||
| Zoning | Commercial - Commercial | ||
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.29 AC |
| Building Size | 20,348 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Zoning | Commercial - Commercial |
Amenities
- Controlled Access
Property Taxes
| Parcel Number | 1-00000-0018-03-026004 | Improvements Assessment | $569,820 CAD |
| Land Assessment | $486,472 CAD | Total Assessment | $1,056,292 CAD |
Property Taxes
Parcel Number
1-00000-0018-03-026004
Land Assessment
$486,472 CAD
Improvements Assessment
$569,820 CAD
Total Assessment
$1,056,292 CAD
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