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Cash-Flowing Self Storage w/ Expansion Upside 11483 Old Highway 105 E

27,400 SF Specialty Building Online Auction Sale Conroe, TX 77303

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Investment Highlights

  • This cash-flowing self-storage facility provides 252 units, currently 95% occupied, with expansion potential to add an additional 420 units.
  • Following a full renovation in 2023, the property now features a motorized fenced lot, a security camera system, electronic pylon signage, and more.
  • Situated directly off Highway 105 and 336, with easy connections to I-45, the property enjoys daily exposure to more than 24,000 passing vehicles.
  • Supported by a rapidly growing 10-mile population of more than 228,000, which delivered consumer spending exceeding $2.6 billion in 2024.

Executive Summary

Enhance a growing investment portfolio with the acquisition of 11483 Old Highway 105 E, a cash-flowing self-storage facility with a prime location in Conroe, Texas. This rare opportunity provides a performing operation, currently 95% occupied, with significant expansion potential to develop the remaining acreage.

Learn more about the recently renovated features that distinguish 11483 Old Highway 105 E from similar businesses. The property was originally constructed in 1993 and completed a full renovation in 2023. It currently spans 27,400 square feet across the 3.8-acre lot with a total of 252 units. Updated property features include a motorized fenced lot, a security camera system, electronic pylon signage, new paint, and a dedicated parking lot ideal for RV storage. Roughly 2 acres of the lot are available for development, allowing a new owner to expand the premises to up to 672 units and capture massive additional revenue.

11483 Old Highway 105 E enjoys a prime location that provides easy access and visibility to a rapidly growing customer base. Sitting just off the interchange of Highway 105 and 336, the property receives exposure to more than 24,000 passing vehicles daily. These vital arteries connect the property to the greater region, reaching downtown Conroe and Interstate 45 in approximately 10 minutes.

Located approximately 40 miles north of Houston, Conroe is firmly situated within the region's path of progress. Residents and businesses fleeing the urban cores of the Texas Triangle have driven an impressive demographic profile within 10 miles of the property in recent years. The population of more than 228,000 has grown by 16% since 2020. Residents of the area command an average household income of more than $99,000, resulting in impressive consumer spending exceeding $2.6 billion during 2024.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Property Facts

Sale Type Investment
Sale Conditions Auction Sale
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 3.88 AC
Building Size 27,400 SF
No. Stories 1
Year Built/Renovated 1993/2023

Amenities

  • Bus Line
  • Signage
  • Wheelchair Accessible
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0653-00-04200
Land Assessment
$387,772
Improvements Assessment
$812,228
Total Assessment
$1,200,000

zoning

Zoning Code 1 (Commercial/Industrial State Code F1)
1 (Commercial/Industrial State Code F1)

Sale Advisor

Sale Advisor

(713) 614-5888
Contact
Otto Muniz, Commercial Director
(713) 614-5888
Contact
Accomplished professional with more than 15 years of commercial and managerial experience rooted in Industrial Commodities, International Trading, Petrochemicals, Oil & Gas, Commercial Real Estate projects. Otto likes building real connections with people as it is the most important part of any business process. It yields to building stronger relationships and reputation which become the greatest asset anyone can have. This remains true regardless if the business is conducted in an “Old-School” style or in the “New School” type of way. Combining these two styles he has been able as a professional to implement management practices across departments to efficiently handle various industries in his career ensuring high levels of customer satisfaction and profitability. Fluent in Spanish and English. Otto enjoys good food, working out, reading, music, sports, learning from other cultures, and social trends.

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

Auction Contact

Derek Rudd
Auctioneer License: Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
  • Listing ID: 34235422

  • Date on Market: 12/27/2024

  • Last Updated:

  • Address: 11483 Old Highway 105 E, Conroe, TX 77303

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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