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9002 Memphis Dr - Premier Sportsplex 61,013 SF Sports & Entertainment Building Offered at $4,720,000 at a 9.26% Cap Rate in Lubbock, TX 79423



INVESTMENT HIGHLIGHTS
- Large urban tract at 9.89 acres with a premium sports facility with room to grow.
- Can accommodate multiple events simultaneously.
EXECUTIVE SUMMARY
This is Lubbock’s largest recreational & team sports facility, featuring:
-Four hardwood basketball courts
-Four volleyball courts
-Batting cages
-Two racquetball courts
-Summer pool
-10,000 sq. ft. fitness center
-Lower-level stadium seating viewing area
-Full-service Courtside Café
Available for leagues, parties, and camps, this premier complex is designed to accommodate athletes and spectators alike, offering top-tier amenities for training, competition, and entertainment. With ample parking and a convenient location, it serves as a go-to destination for sports events, community gatherings, and private rentals.
Sitting on approximately 10 acres, this property offers tremendous potential for expansion and increased revenue. There are multiple possibilities for growth, including the addition of pickleball courts, tennis courts, or new buildings to enhance its offerings. This is a rare opportunity to invest in a thriving sports facility with limitless possibilities!
-Four hardwood basketball courts
-Four volleyball courts
-Batting cages
-Two racquetball courts
-Summer pool
-10,000 sq. ft. fitness center
-Lower-level stadium seating viewing area
-Full-service Courtside Café
Available for leagues, parties, and camps, this premier complex is designed to accommodate athletes and spectators alike, offering top-tier amenities for training, competition, and entertainment. With ample parking and a convenient location, it serves as a go-to destination for sports events, community gatherings, and private rentals.
Sitting on approximately 10 acres, this property offers tremendous potential for expansion and increased revenue. There are multiple possibilities for growth, including the addition of pickleball courts, tennis courts, or new buildings to enhance its offerings. This is a rare opportunity to invest in a thriving sports facility with limitless possibilities!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,720,000 | Lot Size | 9.89 AC |
| Price Per SF | $77.36 | Building Size | 61,013 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 9.26% | Year Built/Renovated | 1975/2012 |
| Property Type | Sports & Entertainment | Cross Streets | 90th St. |
| Building Class | B | ||
| Zoning | C3 - C3 General Retail | ||
| Price | $4,720,000 |
| Price Per SF | $77.36 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.26% |
| Property Type | Sports & Entertainment |
| Building Class | B |
| Lot Size | 9.89 AC |
| Building Size | 61,013 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2012 |
| Cross Streets | 90th St. |
| Zoning | C3 - C3 General Retail |
AMENITIES
- Tennis Court
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | R102825 | Improvements Assessment | $2,497,919 (2025) |
| Land Assessment | $667,821 (2025) | Total Assessment | $3,165,740 (2025) |
PROPERTY TAXES
Parcel Number
R102825
Land Assessment
$667,821 (2025)
Improvements Assessment
$2,497,919 (2025)
Total Assessment
$3,165,740 (2025)
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9002 Memphis Dr - Premier Sportsplex
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