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Property profile & analytics
OFF-MARKET
Commercial real estate

5005 Lake Park Dr Wichita Falls, TX 76302

8.52 ac lot
Property ID
US82-6775105
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 8.52 ac (371,131 SF)
APN 444919
UPID US82-6775105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Auto Detailing Elites Car Wash
  • Dasia Belle Hair Salon Nail Salon
  • Mustang Village Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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