5638 County Road 547 - Specialty FOR SALE


Nevada, TX 75173
$1,400,000 USD
817-932-6100
5638 County Road 547, Nevada, TX for Sale
$1,400,000 USD
Specialty - FOR SALE
1/5
null | 6.89% Cap Rate

5638 County Road 547
Nevada, TX 75173


HIGHLIGHTS

  • Approximately 0.67-Miles from Lake Lavon
  • Average Household Income Exceeds $115,000 in Submarket
  • Population Growth in Submarket has Doubled since 2010
  • Ability to Manage Facility Remote Unit Type

OVERVIEW

Lunker Boat + RV Storage is a 170-unit storage facility resting on approximately 5.0 acres in Nevada, Texas (Dallas MSA). The property was constructed by a father / daughter partnership in the summer of 2024, and is currently in lease-up. The unit mix comprises 169 uncovered parking spaces ranging from 468 square-feet to 715 square-feet, and one fully enclosed parking unit. Property amenities include personalized key-pad gated entry, eight -foot perimeter fencing and lighting, and 24-hour video surveillance cameras. The facility is located just a stone’s throw away from Lake Lavon. Located only 15 miles northeast of Dallas, and featuring more than 1,100 acres of surface area, Lake Lavon’s hiking / biking trails, fishing holes, private boat docks, public boat ramps, and campgrounds attract a wide variety of outdoor enthusiasts throughout the year. This, along with the trade area’s attractive demographic profile, suggest a new owner will be able to lease the remaining unoccupied units fairly quickly. To be sure, the average household income within a one, three, and five-mile radius exceeds $115,000 annually, the population has more than doubled since 2010, and it is expected to grow an additional 26 percent within the next five years. Offered for $1,400,000, Lunker RV + Boat Storage is great value-add opportunity that can be remotely managed. In fact, utilizing the facility’s best-in-class security features, the current owners have been successfully operating the facility at a day-to-day level, despite living more than 1.5 hours away.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

6.89%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lunker Boat + RV Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R-6958-004-0420-1

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mark McCoyMarcus & MillichapMore Info
817-932-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.