5710 41St StLubbock, TX 79407

Property Details for 5710 41St St

Year built

1983

Lot size

0.85 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,852,873

  Hospitality

  $2,613,216

  Educational

  $2,174,165

  Medical

  $2,248,938

  Retail

  $3,382,035

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5577

Longitude

-101.937

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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