5710 41st St Lubbock, TX 79407-4043
- Warehouses
- 16,800 SF
- 0.85 lot acres
Current Use by Public Records
- Keystone Storage / Self-Storage Facility / Storage Facility
- West Texas Hat Company / Clothing Store
Property Details for 5710 41st St
- Year built
- 1983
- Lot size
- 0.85 lot acres
- Property size
- 16,800 SF
- Zone code
- 38
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- R57636
- APU
- R57636
Description
This exceptional self-storage opportunity presents a 15,150 square foot facility located at 5710 41st St, Lubbock, TX 79407. Built in 1983, this property boasts six single-story buildings on a 0.85-acre lot, comprising 133 units and an office. Currently operating at 100% occupancy, the facility generates a strong net operating income (NOI) of $93,845, resulting in an attractive 7.93% capitalization rate. Below-market rents offer significant upside potential for increased profitability. The property benefits from a highly desirable location in West Lubbock, conveniently situated along South Loop 289, directly across from the South Plains Mall – the largest shopping center between Fort Worth and Albuquerque, and the only super-regional mall in West Texas. This prime location ensures easy access to major employers and shopping areas, guaranteeing consistent demand and strong cash flow. The property's strong performance and strategic location make it an ideal investment for those seeking a stable and profitable self-storage asset. This is a for-sale-by-owner opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.937
- Latitude
- 33.5577
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
