StorWise Self Storage
For sale2824 & 3154 Junction Highway, Kerrville, TX 78028
Property type
Self Storage
Unit / Space count
351
Price
$5,000,000
Rentable area
45,680 SF
Year built
2001
Occupancy
92.3%
APN
66198, 27261
Lot size
2.00 Acres
Sold/status
On Market
Price per Unit
$14,245
Price per SF
$109.46
Net Operating Income
$251,859
Property description
Strategically positioned along US-27, a primary commercial corridor in the Texas Hill Country, the Property comprises 45,680 rentable square feet across 351 units. The facility offers a well-balanced mix of drive-up non-climate and climate-controlled storage units, ranging from 5'x10' to 10'x20', catering to a diverse customer base of both residential and commercial users within the Kerrville submarket. As of April 30, 2026, the Property was 92.3% physically occupied by square footage, with approximately 42,020 of 45,680 rentable square feet leased across 320 occupied units. The facility has demonstrated strong operating performance, generating approximately $461,182 in trailing twelve-month effective gross income. Additional upside exists through the implementation of more sophisticated revenue management strategies and institutional-grade operating tools, which have not yet been deployed at the asset level. In Association with Cushman and Wakefield
Property highlights
- Strong Physical Occupancy — 92.3% occupied by square footage as of April 30, 2026.
- Attractive Unit Mix — 351 singe-story units ranging from 5x10 to 10x20 across drive-up and climate-controlled configurations.
- In-Place Income — $461,182 in trailing twelve-month effective gross income.
- Revenue Management Upside — Institutional pricing tools have not been deployed at the property level, presenting a clear path to EGI growth.
- Affluent, Stable Trade Area — 5-mile median household income of $73,062 supported by retirees, small business owners, and military households.
- Growing Submarket — 5-mile population increased from 23,449 in 2020 to 23,987 in 2024, with continued growth projected through 2029.