1609 Lakeland Drive Liberty, TX 77575
2-acre storage facility with expansion potential in Liberty, Texas.
Property Features for 1609 Lakeland Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 2.00 Acres
- Property subtype
- Land or Vacant Lot
Listing office SENDERO REAL ESTATE (281) 407-0601
Listing date Apr 9, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of SENDERO REAL ESTATE
Investment Insights
Based on property information with market context.
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.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $14.40 |
| − Vacancy | −$1.7k | −$0.72 |
| EGI | $32.8k | $13.68 |
| − OpEx | −$9.8k | −$4.10 |
| NOI | $23.0k | $9.58 |
