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2820 US Highway 380
Decatur, TX 76234

$2,690,000 USD

Warehouse For Sale  •  23,660 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 23,660 SF
  • Lot Size 4.07 AC
  • Building Class C
  • Year Built 1954
  • Cap Rate 10.27 %
  • Tenancy Multiple
  • Zoning Unincorporated-No Zoning
0 Transit Score
1 Walk Score

Description

FOR SALE: 380 Eagle’s Nest – Turnkey Tiny Home & Storage Investment
2820 Highway 380, Decatur, TX 76234
List Price: $2,650,000 | Offered at a 10.5% Cap Rate | $367,920 Gross Income
Located in unincorporated Wise County just off Hwy 380, 380 Eagle’s Nest offers a rare turnkey investment combining strong cash flow, low maintenance, and strategic flexibility. This income-producing tiny home community and storage facility sits on approximately 3.74 acres, producing $367,920 in gross annual revenue and $282,519 in net income, with a 10.5% cap rate.
Investment Highlights:
• 16 Custom-Built Tiny Homes: Each home is approximately 392 square feet and features a full kitchen (refrigerator, cooktop, oven, microwave) with a thoughtfully designed layout. Homes are not furnished, offering flexibility for either long-term or short-term rental use. Water, electric, and trash service are included amenities for tenants.
• 50 Storage Units + 5 Parking Spaces: A mix of unit sizes and secure vehicle spaces generate rental income from $50 to $1000/month.
• Coin Laundry On Site: Includes Speed Queen commercial laundry equipment for tenant convenience and additional income.
• City Water & Septic: Reliable infrastructure supporting long-term operation and ease of maintenance.
• Low Annual Operating Expenses: $85,401/year 2024 - Electric, Water, Taxes, Repairs, Maintenance and insurance.
• Unincorporated County Location: No city zoning or approval required for expansions or improvements.
• Convenient Hwy 380 Access: Privately positioned near a major thoroughfare with strong regional demand and proximity to Decatur and the DFW Metroplex.
• Growing Market: Decatur offers access to a thriving labor pool, business-friendly climate, and ongoing residential and commercial development.
Boundary & Measurement Disclaimers:
Aerial imagery is for illustration purposes only. Property boundaries and acreage (estimated at approx. 3.74 acres) are subject to survey; sales price is not contingent on exact land size. Property to be sold by metes and bounds description.
Property Website: www.380eaglesnest.com
Drive Folder: photos, rent roll and other items: https://drive.google.com/drive/folders/1eUKz2124YyBDlBlzZstpWnaNEn122TBK?usp=sharing

Highlights

Highway Visibility
Manage from Home
10.66 Cap Rate

Property Flyers

Cap Rate: 10.27 %

Major Tenants

Tenant SF Occupied Lease End Date
16 Tiny Homes
55 Storage Units and Spaces

Amenities

  • 24 Hour Access

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Charles & Laura Horton 469-363-0209 The Michael Group Real Estate & Management
Charles & Laura Horton 469-363-0209 The Michael Group Real Estate & Management