14285 Farm to Market 1097, Willis, TX 77318

NorthShore Storage offers a well-positioned self-storage and vehicle parking facility in a robust and growing market. Located at 14285 Farm to Market 1097, Willis, TX, the facility encompasses 52,022 net rentable square feet (NRSF) across 150 units. Built in 1999, the facility is currently operating at 98% physical occupancy by square footage, with significant potential for revenue growth.

The surrounding 5-mile radius boasts a median household income of $100,964, providing residents with ample disposable income for recreational vehicles, boats, and supplementary household storage. The area's population growth rate exceeds 2%, and the facility benefits from its position along the highly visible FM 1097 corridor, which sees over 20,000 vehicles per day, ensuring consistent organic tenant capture. Strict local Homeowner Association (HOA) regulations prohibit street or driveway parking of recreational vehicles, reinforcing demand from the area's households who are forced to seek quality, secure vehicle storage options.

The market conditions in Willis, characterized by continuous residential development and recreational storage needs generated by the 21,000-acre Lake Conroe, create an attractive environment for long-term investment. With strict zoning and high land costs limiting large-scale competitive developments along primary thoroughfares, this facility stands out as a highly attractive acquisition. The opportunity to implement a 15.1% rental rate increase presents a clear path to driving revenue, while the ability to introduce ancillary income streams, including tenant insurance and administrative fees, offers the potential to significantly boost net operating income.

This facility represents a rare opportunity to acquire a highly stabilized, vehicle-storage-focused property. With a massive concentration of enclosed vehicle storage making up 82% of the facility's NRSF, NorthShore Storage offers significant upside potential for investors looking to capitalize on its existing capitalization rate and growing regional demand.