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    Coldwell Banker Trusted Advisors

    4924 S Loop 289, Lubbock, TX 79414
    (806) 784-3222
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    Size: 10+ agents

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    Property Types

    • Land
    • Residential Multi Family

    Listings

    For Sale (20)

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    Improved Acreage South of Smyer
    $180,000
    10.01 Acres

    Improved Acreage South of Smyer

    Ready-to-build 10-acre tract with well, septic, and fencing.

    Deer Rd, Smyer, TX 79367
    View details
    Lubbock Land For Sale
    $55,000
    1.90 Acres

    Lubbock Land For Sale

    1.9 acre commercial land available in Lubbock, Texas.

    3403 E 3Rd St, Lubbock, TX 79403
    View details
    Shallowater, TX 10 Acre Land
    $120,000
    10.00 Acres

    Shallowater, TX 10 Acre Land

    10 acres in Shallowater, TX with water well and electricity.

    Anthony Pr, Shallowater, TX 79363
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    10 Acres in Smyer, TX
    $99,500
    10.01 Acres

    10 Acres in Smyer, TX

    10-acre property with utilities in Smyer, Texas.

    10 Lovebird Rd, Smyer, TX 79367
    View details
    Lubbock Land Ready To Build
    $85,000
    1.97 Acres

    Lubbock Land Ready To Build

    1.97 acres of land in a growing Lubbock location.

    Woodrow Rd, Lubbock, TX 79423
    View details
    Lubbock Duplex Near Texas Tech
    $369,900
    2,890 SF

    Lubbock Duplex Near Texas Tech

    One-story duplex near shopping, medical district, and Texas Tech.

    1107 N Englewood Ave, Lubbock, TX 79416
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    Lubbock Land For Sale
    Contact for pricing
    0.15 Acres

    Lubbock Land For Sale

    Land available in Lubbock, Texas.

    3502 E 14Th St, Lubbock, TX 79403
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    Lubbock Land For Sale
    Contact for pricing
    0.15 Acres

    Lubbock Land For Sale

    Land available in Lubbock, Texas.

    3504 E 14Th St, Lubbock, TX 79403
    View details
    Lubbock Agricultural Land Opportunity
    $804,975
    107.33 Acres

    Lubbock Agricultural Land Opportunity

    107 acres of agricultural land for sale in Lubbock, TX.

    County Rd 5350, Lubbock, TX 79415
    View details
    Shallowater, TX 10-Acre Land
    $110,000
    10.01 Acres

    Shallowater, TX 10-Acre Land

    10-acre property in Shallowater-ISD with country views.

    County Rd 5330, Shallowater, TX 79363
    View details
    Lubbock Multifamily Property Near Amenities
    $420,000
    3,102 SF

    Lubbock Multifamily Property Near Amenities

    Multifamily property in South Lubbock, near schools, shopping, restaurants, and parks.

    3821 133Rd St, Lubbock, TX 79423
    View details
    Lubbock, TX Land For Sale
    Contact for pricing
    0.16 Acres

    Lubbock, TX Land For Sale

    Land for sale on the east side of Lubbock, TX.

    121 E Kemper St, Lubbock, TX 79403
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    Lubbock, TX Land For Sale
    Contact for pricing
    0.14 Acres

    Lubbock, TX Land For Sale

    Land for sale on the east side of Lubbock, TX.

    1324 E 25Th St, Lubbock, TX 79411
    View details
    Spacious Duplex in South Lubbock
    $415,000
    3,102 SF

    Spacious Duplex in South Lubbock

    Six-bedroom, four-bath duplex near schools, shopping, and restaurants.

    3819 133Rd St, Lubbock, TX 79423
    View details
    Abernathy Land for Residential Development
    $69,000
    10.01 Acres

    Abernathy Land for Residential Development

    10.01 acres of land suitable for building a dream house.

    4111 County Road 5300, Abernathy, TX 79311
    View details
    Lubbock Duplex: Income-Generating Investment
    $245,000
    2,262 SF

    Lubbock Duplex: Income-Generating Investment

    Well-maintained duplex in Lubbock, TX, generating immediate rental income.

    2408 33Rd St, Lubbock, TX 79411
    View details
    Lubbock Duplex: Income-Generating Investment
    $245,000
    2,277 SF

    Lubbock Duplex: Income-Generating Investment

    Well-maintained duplex in Lubbock, TX, generating immediate and stable rental income.

    2412 33Rd St, Lubbock, TX 79411
    View details
    Well-Maintained Duplex in Lubbock, TX
    $245,000
    2,291 SF

    Well-Maintained Duplex in Lubbock, TX

    Income-producing duplex with long-term tenants in Lubbock, TX.

    2410 33Rd St, Lubbock, TX 79411
    View details
    Lubbock, TX Land For Sale
    $30,000
    0.32 Acres

    Lubbock, TX Land For Sale

    Commercial land available in Lubbock, Texas.

    606 36Th St, Lubbock, TX 79404
    View details
    Vacant Lot in Lubbock, TX
    Contact for pricing
    0.16 Acres

    Vacant Lot in Lubbock, TX

    Prime vacant lot in a quiet cul-de-sac, Lubbock.

    2614 Duke St, Lubbock, TX 79415
    View details

    For Lease (1)

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    Shelby Township Office Space Available
    Contact for pricing

    Shelby Township Office Space Available

    Office spaces for rent in Shelby Township, Michigan.

    47591-47653 Van Dyke Ave, Shelby Township, MI 48317
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Coldwell Banker Trusted Advisors
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