Liberty Storage Facility For
For Sale
$395,000
1609 Lakeland Dr, Liberty, TX 77575
2-acre storage facility with expansion potential in Liberty, Texas.
Property Size2,400 SF
Lot Size2.00 Acres
Price / SF$164.58
Days on Market189
Property Features for 1609 Lakeland Dr
General Information
Standard status
Active
Size
2,400 SF
Lot size
2.00 Acres
Property subtype
Vacant Land
Listing Agency:
Sendero Real Estate
Listed By:
Juan Sanchez · License #0520895
(832) 876-7097
Source:
Nova-era
Added: Apr 9
Changed: Oct 6
Last Checked: Oct 7 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sendero Real Estate
Investment Insights
Based on property information with market context.
This 2-acre storage facility is located in the City of Liberty. The property includes two existing self-storage buildings with a total of 32 units. Additionally, there is a recently constructed 2,400 square foot shell warehouse building and a 900 square foot stand-alone office building. Fully approved civil construction drawings are available for an expansion that includes three proposed storage buildings totaling 6,800 square feet. There is also a proposed outdoor parking area that could be replaced with a proposed fourth storage building as large as 2,800 square feet. The property is fully fenced and features an automated gate entry with secure pin pad access. The facility is currently being run remotely.
Key Highlights
- Existing storage facility with 32 units and additional warehouse and office buildings.
- Approved civil construction drawings for expansion, including three proposed storage buildings totaling 6,800 SF.
- Potential for additional storage building of up to 2,800 SF in lieu of proposed outdoor parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,982
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,640
$459.6K
Cap Rate 7%
$328,314
$328.3K
Cap Rate 9%
$255,356
$255.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$34.6K $14.40/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$32.8K $13.68/SF
− OpEx
−$9.8K −$4.10/SF
NOI
$23.0K $9.58/SF
Area
Liberty County, TX
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,640
Cap Rate 7%
$328,314
Cap Rate 9%
$255,356
Alternative Uses
Best Use
Self Storage
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$211.9K
$185.4K – $247.2K
NOI $14,833 @ 7.0% cap · market cap 3.76%
Theoretical Best
Multifamily LT 5
$26.91M
$23.54M – $31.39M
NOI $1,883,529 @ 7.0% cap · market cap 476.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 77575, TX
15,768
Population
7,059
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
80%
High-School Grad
238.1 sq mi
ZIP Area
66
Density / Sq Mi
$52,238
Median Household Income
$33,168
Median Earnings
$953
Median Rent
$161,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - 2-acre storage facility with expansion potential in Liberty, Texas.
Where is this self storage facility located?
The property is located at 1609 Lakeland Dr Liberty, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Existing storage facility with 32 units and additional warehouse and office buildings.; Approved civil construction drawings for expansion, including three proposed storage buildings totaling 6,800 SF.; Potential for additional storage building of up to 2,800 SF in lieu of proposed outdoor parking.
