Mixed-Use Property with
New
For Sale
$3,500,000
2024 S John Redditt Dr, Lufkin, TX 75904
The property combines climate-controlled storage with retail and multi-tenant flex warehouse space.
Property Size40,100 SF
Lot Size4.88 Acres
Price / SF$87.28
Days on Market2
Property Features for 2024 S John Redditt Dr
General Information
Standard status
Active
Size
40,100 SF
Lot size
4.88 Acres
Property subtype
Self-Storage Facility
Occupancy
30%
Site & Location
Traffic Count
33,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
self-storage, retail, warehouse
Additional Details
Cap Rate
6.06%
Warehouse Space
10,000 SF
Tenant in Place
Yes
Property Use
Self-Storage, Flex Retail, Flex Warehouse
Amenities
video surveillance
keycode access
roll-up doors
motion sensor LED lights
concrete driveways
2024 & 2025 Construction // Mixed Use Property with Flex Retail, Flex Warehouse and a 100 Percent Climate Controlled Self-Storage Facility
Self-Storage Facility in Early Lease Up With Expansion Land // Self-Storage phase I was 60 percent occupied within 12 months.
Massive Upside by Stabilizing the Self-Storage Portion of the Property // The going in cap rate is around 6 percent with and end of year one proforma cap rate of 8.52 Percent
33,000 Traffic Counts // Frontage on John Reddit Highway The primary loop around Lufkin and likely the highest local traffic area in the city.
Lufkin // East Texas Hub City and Youth Baseball Hotbed!
Building Details
Building Size
40,100 SF
Year Built
2024
Units
145
Construction
metal
Tenancy
Multi
Listing Agency:
Houston Office
Listed By:
Dave Knobler · License #License(s): TX: 606252
(713) 452-4293
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 2:41PM
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 Houston Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4.88-acre mixed-use property in Lufkin brings together a 16,100-square-foot climate-controlled self-storage facility, a 14,000-square-foot retail building, and 10,000 square feet of flex warehouse space. The retail building is occupied by D-Bat under a 10-year NNN lease, while the warehouse is divided among four tenants. Storage features include video surveillance, keycode entry, roll-up doors, motion-activated LED lighting, and concrete drives. The metal buildings have spray-foam insulation, metal roofs, and metal doors.
The property fronts John Reddit Highway, a local loop with reported traffic counts of approximately 33,000. The first storage phase opened in August 2024 and reached 60 percent physical occupancy within 12 months; a second storage building opened in August 2025. The warehouse space was fully rented within eight months of opening. City approval is in place for an additional self-storage building.
The property fronts John Reddit Highway, a local loop with reported traffic counts of approximately 33,000. The first storage phase opened in August 2024 and reached 60 percent physical occupancy within 12 months; a second storage building opened in August 2025. The warehouse space was fully rented within eight months of opening. City approval is in place for an additional self-storage building.
Key Highlights
- Approximately 4.88 acres in Lufkin
- 16,100 NRSF of climate‑controlled self‑storage
- 14,000 square foot retail building with a 10‑year NNN lease to D‑Bat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,158
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,823,160
$4.8M
Cap Rate 7%
$3,445,114
$3.4M
Cap Rate 9%
$2,679,533
$2.7M
Market Conditions
NOI Build-Up for 40,100 SF
Gross rent
$322.4K $8.04/SF
− Vacancy
−$38.7K −$0.96/SF
EGI
$283.7K $7.08/SF
− OpEx
−$42.6K −$1.06/SF
NOI
$241.2K $6.01/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,823,160
Cap Rate 7%
$3,445,114
Cap Rate 9%
$2,679,533
Alternative Uses
Best Use
Retail
$7.76M
$6.79M – $9.05M
NOI $543,165 @ 7.0% cap · market cap 15.52%
Second Best
Mixed Use
$5.67M
$4.96M – $6.62M
NOI $396,990 @ 7.0% cap · market cap 11.34%
Theoretical Best
Office A
$11.30M
$9.89M – $13.19M
NOI $791,108 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines climate-controlled storage with retail and multi-tenant flex warehouse space.
Where is this mixed-use property located?
The property is located at 2024 S John Redditt Dr Lufkin, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 4.88 acres in Lufkin; 16,100 NRSF of climate‑controlled self‑storage; 14,000 square foot retail building with a 10‑year NNN lease to D‑Bat
