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5824 Watauga Rd 6,981 SF Specialty Building Offered at $615,060 CAD at a 6.90% Cap Rate in Watauga, TX 76148
Investment Highlights
- Busy main road
- NON-Climate Controlled
- Self Storage, no onsite staff needed
- Low Property Expenses
Executive Summary
Excellent investment opportunity in a growing market! This 52-unit non-climate controlled self-storage facility offers stable cash flow with significant potential for increased income. Situated in a high-demand area with continued residential and commercial development, the property benefits from strong local demographics and limited nearby competition. The facility features a range of unit sizes catering to both personal and small business storage needs. Current rental rates are below market average, presenting a clear opportunity for rate increases and improved revenue. With high occupancy and minimal operational overhead, this is an ideal asset for investors looking to expand or enter the self-storage sector.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$58,704
|
$8.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,704
|
$8.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,384
|
$2.35
|
| Net Operating Income |
$42,320
|
$6.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $58,704 |
| Annual Per SF | $8.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $58,704 |
| Annual Per SF | $8.41 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,384 |
| Annual Per SF | $2.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $42,320 |
| Annual Per SF | $6.06 |
Property Facts
| Price | $615,060 CAD | Property Subtype | Self-Storage |
| Price Per SF | $88.10 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 6.90% | Building Size | 6,981 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1981 |
| Zoning | Commercial/ Industrial | ||
| Price | $615,060 CAD |
| Price Per SF | $88.10 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 6,981 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Zoning | Commercial/ Industrial |
Amenities
- Controlled Access
- Signage
- Fiber Optic Internet
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00355577 | Improvements Assessment | $256,810 CAD |
| Land Assessment | $220,471 CAD | Total Assessment | $477,281 CAD |
Property Taxes
Parcel Number
00355577
Land Assessment
$220,471 CAD
Improvements Assessment
$256,810 CAD
Total Assessment
$477,281 CAD
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5824 Watauga Rd
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