Spring TX - 18910 Carrot St - RV / Boat Storage
While RV Storage brings in over 30k annually, new owner could add income potential
Marketing description
Value-add commercial investment offering immediate income and future expansion potential. The property features 18 covered RV storage spaces with concrete flooring and electrical service, currently 100% occupied on month-to-month leases, allowing for rental increases or re-tenanting to maximize returns. Excess land provides the opportunity to add additional covered or uncovered storage spaces and increase NOI.
Included is a 1,600+ SF building currently configured as a 3-bedroom, 2-bath residence with kitchen and dining area. The structure is well-suited for on-site management, office conversion, or additional storage, subject to buyer verification of use.
The site spans over one-third of an acre, with a significant portion of the land undeveloped. Located approximately 30 minutes from George Bush Intercontinental Airport (IAH) with convenient access to Grand Parkway and I-45, supporting strong demand and ease of access for tenants and operators.
Investment highlights
Immediate Cash Flow: 18 covered RV storage spaces with concrete flooring and electricity, currently 100% occupied.
Month-to-Month Leases: Short-term tenancy allows for rent optimization and operational flexibility.
Expansion Potential: Excess land offers the ability to add additional covered or uncovered storage spaces, increasing NOI.
Multi-Use Improvements: 1,600+ SF building suitable for on-site management, office conversion, or additional storage, subject to buyer use.
Live/Work Optionality: Existing residential layout provides flexibility for owner-operators.
Strong Land Component: Over one-third acre with a significant portion undeveloped.
High-Demand Storage Use: RV and vehicle storage remains a recession-resistant asset class with strong tenant retention.
Strategic Location: Approximately 30 minutes from IAH with convenient access to Grand Parkway and I-45.
Value-Add Opportunity: Ability to increase rents, expand capacity, or reposition the asset.
Simple Operations: Low-maintenance storage model with minimal management requirements.
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