Property profile

1609 Lakeland Dr Liberty, TX 77575

FOR SALE
Commercial real estate
Property ID
US82-0366665
2,000 SF 2 ac lot Built 1999
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,300 square foot self-storage facility situated on two acres in Liberty, Texas. The property boasts 32 existing units housed within four buildings, including a recently constructed 2,400 square foot warehouse and a 900 square foot free-standing office building. Approved plans are in place for a significant expansion, adding three new storage buildings totaling 6,800 square feet. An additional 2,800 square foot building could replace the existing outdoor parking area, further increasing revenue potential. The facility is conveniently located just one mile from Highway 90 and 0.8 miles from TX-146, ensuring high visibility and accessibility. Security features include a fully fenced perimeter with an automated gate and secure pin pad access. Currently managed remotely, this property offers a value-add opportunity for expansion or is ideal for an owner-operator seeking income-producing storage units alongside existing warehouse and office space. The asking price is $495,000, with a price per square foot of $67.81 and a price per unit of $15,468.75. The property's APN is R94550. This turnkey operation presents a compelling investment prospect with substantial growth potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 2,000 SF
Lot 2 ac (87,120 SF)
APN R94550
UPID US82-0366665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

1609 Lakeland Dr Liberty, TX 77575
Liberty metro Census 701400 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
6 recorded transactions
2020
Price N/A
2020
Price N/A
2020
Price N/A
2018
Price N/A
2006
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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