REO Sale: Self-Storage near Texas Lake

Highlights:

• 100% Climate-Controlled, Built in 2024: Two single-story metal buildings total 15,300 SF with 79 climate-controlled units, 10x10 to 15x20.
• Room to Grow at 32% Occupancy: 3,450 of 10,900 rentable SF is occupied, plus 4 of 22 parking spaces, as of August 11, 2026.
• Direct Frontage on TX-198: Highway frontage on Caney City Hwy with 5,114 cars per day and gated 24/7 keypad entry.
• On Cedar Creek Reservoir: Lakeside in Caney City, with 36,257 residents in 10 miles and $102,283 average HH income in 3 miles.
• Remote, Low-Staff Operation: Runs on storEDGE with no on-site staff, 24-hour video surveillance and office hours by appointment.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3497/self-storage/malakoff/tx?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november18_2026&utm_content=self_storage_3497

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, McKamy Storage at 4700 TX-198 in Malakoff, Texas is a 2024-built, 100% climate-controlled self-storage facility offered as an REO sale. The online auction runs November 16-18, 2026, with a starting bid of $300,000. The fee simple offering includes two single-story metal buildings totaling 15,300 SF, with 10,900 rentable SF, on about 0.85 acres across two parcels. The facility has 79 climate-controlled units from 10x10 to 15x20, plus 22 uncovered parking spaces. As of August 11, 2026, physical occupancy was 32%, with 24 storage units and 4 parking spaces occupied. Standard rates of $1.50 to $2.00 per SF run 58% to 63% above the local market average for climate-controlled units, based on nine competitors surveyed within 10 miles. The site is managed remotely on storEDGE, with gated 24/7 keypad access and 24-hour video surveillance. It has direct frontage on TX-198 (Caney City Hwy) in Caney City on Cedar Creek Reservoir, where the highway carries 5,114 cars per day.

Location
McKamy Storage fronts TX-198 (Caney City Hwy) in Caney City on Cedar Creek Reservoir, between Malakoff to the south and Gun Barrel City to the north. The corridor carries 5,114 VPD, and 36,257 residents live within 10 miles, supported by employers including Walmart, Lowe’s, and Champion Home Builders. Two competing facilities sit within 0.55 miles, so rate positioning drives lease-up.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: