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    Professionally Managed Self-Storage Package Title is generated by Realmo AI

    4309 58th Street, Lubbock, TX 79413

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    New
    For Sale
    $910,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    9,458 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $96/SF
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 4309 58th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    16
    Bathrooms
    15
    Rooms
    Bathroom 16, Bathroom 13, Bedroom 9, Bathroom 7, Bedroom 15, Bathroom 10, Bedroom 5, Bedroom 6, Bathroom 6, Bedroom 10, Bathroom 3, Bathroom 4, Bedroom 13, Bedroom 3, Bathroom 9, Bedroom 14, Bedroom 1, Bedroom 4, Bathroom 12, Bedroom 8, Bedroom 16, Bedroom 11, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 8, Bathroom 11, Bathroom 14, Bathroom 5, Bedroom 2, Bathroom 15, Bedroom 12
    Parking features
    Garage, Driveway
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s)
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    R26311
    Size
    9,458 SF
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Description
    Broadmoor L 689
    Tax Annual Amount
    14107

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Plank
    Building materials
    Brick Veneer
    Roof type
    Composition

    We can help!

    Listing Contact
    Nancy Garrett
    Nancy Garrett

    Listing agent Nancy Garrett License #0466808

    Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX

    Listing date Jun 1, 2026

    MLS# 202607430 Listing URL

    Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Package of 4 properties includes 4313 58th, 3633 54th, and 7912 Albany
    • 8 doors are currently leased, with professionally managed operations
    • Brick veneer construction with a composition roof
    • Central heating and central air conditioning
    • Fireplace included; ceiling fan(s) and mixed flooring (carpet, tile, and plank)
    • Public water and public sewer; fenced yard with patio, plus garage and driveway parking

    Overview

    This offering is a package of four self-storage parcels with professionally managed operations. As presented, all 8 doors are currently leased, providing in-place occupancy for an investor seeking an income-producing storage asset.

    The package includes 4309 58th Street along with 4313 58th, 3633 54th, and 7912 Albany. Collectively, these locations offer a multi-parcel structure rather than a single-site investment.

    With doors already leased and management in place, this property package may suit buyers looking to acquire storage exposure with established tenant occupancy. It is also a practical fit for investors who prefer to purchase at least partially stabilized storage holdings and continue the existing professional management approach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kayfabe All Day (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.904089
    Latitude
    33.54128

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    FAQs

    What type of property is this?
    Self storage facility - Leased self-storage units within a professionally managed package of four parcels, offering current income and straightforward operation.
    Where is this self storage facility located?
    The property is located at 4309 58th Street Lubbock, TX.
    What is the asking price?
    The asking price for this property is $910,000.
    What are key features of this property?
    This property features: Package of 4 properties includes 4313 58th, 3633 54th, and 7912 Albany; 8 doors are currently leased, with professionally managed operations; Brick veneer construction with a composition roof
    (806) 438-0181
    We can help!
    Listing Contact
    Nancy Garrett
    Nancy Garrett
    Real Estate License ID: 0466808
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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