5005 Lake Park Dr Wichita Falls, TX 76302
This exceptional 8.52-acre commercial land parcel in Wichita Falls, Texas, presents a compelling investment opportunity. Located at 5005 Lake Park Dr, Wichita Falls, TX 76302 (APN 444919), this General Commercial (GC) zoned property is ideally situated for the development of a single-story self-storage facility. The site boasts a strategic location along a high-traffic roadway, Southwest Parkway, experiencing 24,939 vehicles daily. Its proximity to Midwestern State University, Kickapoo Downtown Airport, and Lake Wichita, coupled with its closeness to densely populated residential areas, ensures high demand for storage solutions. Nearby established businesses include the YMCA, Tractor Supply Co., Walmart Supercenter, and Starbucks, further enhancing the site's desirability. The strong local population of 49,289 residents within a three-mile radius supports a robust market for both climate-controlled storage units and larger spaces for boat and RV storage. This property offers significant potential for substantial returns, making it an attractive proposition for developers seeking a prime location in a thriving Texas market. The asking price for this exceptional opportunity is $800,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.