Self-Storage Facility
Gray Line Storage
1520 Bean Dr, Crowley, TX 76036
Listing Price: $1,675,000
Investment Overview
Gray Line Storage is a 19,335 rentable-square foot self-storage facility located in Crowley, Texas—just 20 miles south of downtown Fort Worth. Built in 2003, the property covers roughly 2.44 acres and features six single-story buildings with 133 storage units and 28 uncovered parking spaces. Facility amenities include perimeter fencing, keypad entry, and 24/7 video surveillance for added security.
The property sits along Cleburne Crowley Road, which sees more than 4,000 vehicles pass daily. Crowley itself has been experiencing rapid growth, with the population up more than 14 percent since 2020. Within a three-mile radius, the area boasts over 65,000 residents and average household incomes above $100,000—driving consistent demand for storage. Investors also have the option to expand on the current open-parking area, creating additional upside as the surrounding population continues to climb.
Economic and residential growth in the area further strengthens the investment opportunity. The recently completed Crowley Crossing Plaza Project brought new businesses and a downtown refresh, earning multiple awards including “Best New Construction” from the Texas Downtown Association. A nearby 20-acre Class-A industrial development is master planned and expected to generate significant job growth. On the housing front, several large residential projects are underway nearby, including Longhorn Estates and Rock Creek by DR Horton (3,800+ homes), Karis (2,000+ master planned homes), and over 1,000 collective apartment units all within a short drive of the property.
Currently, Gray Line Storage is operated remotely with minimal day-to-day oversight, and ownership recently rolled out an ECRI (existing customer rate increase) strategy that starts tenants at attractive introductory rates and gradually adjusts them to market, which both boosts occupancy and maximizes revenue per unit. With its strong fundamentals, expansion potential, and scalable management approach, Gray Line Storage represents an attractive passive investment with systems already in place to drive revenue growth.
Listing Price: $1,675,000
Investment Highlights
- Remote Managed and Operated
- New ECRI System to Increase Occupancy and Maximize Revenue
- Rapidly Growing Population
- Expansion Potential – Approximately One-Half Acre Utilized as Uncovered Parking
Investment Overview
Gray Line Storage is a 19,335 rentable-square foot self-storage facility located in Crowley, Texas—just 20 miles south of downtown Fort Worth. Built in 2003, the property covers roughly 2.44 acres and features six single-story buildings with 133 storage units and 28 uncovered parking spaces. Facility amenities include perimeter fencing, keypad entry, and 24/7 video surveillance for added security. The property sits along Cleburne Crowley Road, which sees more than 4,000 vehicles pass daily. Crowley itself has been experiencing rapid growth, with the population up more than 14 percent since 2020. Within a three-mile radius, the area boasts over 65,000 residents and average household incomes above $100,000—driving consistent demand for storage. Investors also have the option to expand on the current open-parking area, creating additional upside as the surrounding population continues to climb. Economic and residential growth in the area further strengthens the investment opportunity. The recently completed Crowley Crossing Plaza Project brought new businesses and a downtown refresh, earning multiple awards including “Best New Construction” from the Texas Downtown Association. A nearby 20-acre Class-A industrial development is master planned and expected to generate significant job growth. On the housing front, several large residential projects are underway nearby, including Longhorn Estates and Rock Creek by DR Horton (3,800+ homes), Karis (2,000+ master planned homes), and over 1,000 collective apartment units all within a short drive of the property. Currently, Gray Line Storage is operated remotely with minimal day-to-day oversight, and ownership recently rolled out an ECRI (existing customer rate increase) strategy that starts tenants at attractive introductory rates and gradually adjusts them to market, which both boosts occupancy and maximizes revenue per unit. With its strong fundamentals, expansion potential, and scalable management approach, Gray Line Storage represents an attractive passive investment with systems already in place to drive revenue growth.
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