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    Elbert Wuthrich, Lubbock, TX

    License ID: 0653098-SA
    Westmark Companies
    Association
    Lubbock Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (806) 523-0109
    Office Address:
    4105 84th St, Lubbock, TX, 79423

    Performance

    Listings
    31

    Listings

    For Sale (29)

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    • $64,500
      1.26 Acres

      Residential Land in Lubbock, TX

      1.2 acre lot in Lubbock Cooper School District.
      19306 County Road 2240, Lubbock, TX 79423
      View Details
    • $59,000
      1.26 Acres

      Lubbock Land in Cooper Manor

      1.2 acre lot in Lubbock Cooper School District.
      19311 County Road 2240, Lubbock, TX 79423
      View Details
    • $1,031,000
      10.52 Acres

      Wolfforth Commercial Land - 10.52 Acres

      Prime Texas development land, excellent investment.
      12034 And Fm 1585, Wolfforth, TX 79382
      View Details
    • $1,986,336
      24.00 Acres

      Wolfforth Commercial Land - 24 Acres

      Prime Texas development land, excellent investment.
      12034 And Fm 1585, Wolfforth, TX 79382
      View Details
    • $380,278
      1.46 Acres

      West Lubbock Industrial Land

      1.455-acre industrial lot, high-traffic area.
      8602 19Th St, Lubbock, TX 79407
      View Details
    • Contact for pricing
      1.91 Acres

      West Lubbock Development Land

      1.907 Acres, Prime Location
      8624 19Th St, Lubbock, TX 79407
      View Details
    • $2,400,000
      9.79 Acres

      Wolfforth Development Land - 9.79 Acres

      Prime Commercial Land, High Visibility
      9410 Fm 1585, Wolfforth, TX 79382
      View Details
    • $1,306,000
      15.00 Acres

      Wolfforth Commercial Land - 15 Acres

      Prime 15-acre commercial tract in Wolfforth, TX.
      12034 And Fm 1585, Wolfforth, TX 79382
      View Details
    • $1,188,000
      7.00 Acres

      Caprock Manufacturing Warehouse

      Texas Industrial Property: 4,950 SF
      10615 Us-84, Shallowater, TX 79363
      View Details
    • $219,000
      3 SF

      Slaton, TX Versatile Investment Property

      Prime property zoned for commercial retail and single-family development.
      1401 West Woodrow Rd, Slaton, TX 79364
      View Details
    • Contact for pricing
      1 SF

      Lubbock Development Land Opportunity

      1.907 acres of development land in fast-growing West Lubbock.
      8624 19Th St, Lubbock, TX 79407
      View Details
    • $575,000
      1,960 SF

      Income-Producing Property with Development Potential

      Five-acre tract with two rental homes and development potential.
      11805 Fm 1585, Wolfforth, TX 79382
      View Details
    • $300,000

      Dickens County Hunting and Recreational Land

      50-acre hunting property with rustic improvements in Dickens County, TX.
      216 County Rd, Afton, TX
      View Details
    • $199,000

      Tahoka Industrial Distribution Property

      Versatile property zoned for agricultural, industrial, warehouse, and distribution.
      1879 Hwy, Odonnell, TX
      View Details
    • Contact for pricing

      Development Land on Highway 87

      3.3 acres of development land with highway frontage.
      10501 Highway 87, Lubbock, TX 79423
      View Details
    • $380,000

      Lubbock Commercial Land For Sale

      Prime commercial land in Lubbock with high traffic visibility.
      8602 19Th St, Lubbock, TX 79407
      View Details
    • $1,031,000

      Wolfforth Industrial Development Land Available

      49+ acres of industrial land for sale in Wolfforth, TX.
      12034 And Fm 1585, Wolfforth, TX
      View Details
    • $1,306,000

      Wolfforth Land For Sale

      Land available on CR 1300/South Reese Boulevard.
      12034 And Fm 1585, Wolfforth, TX
      View Details
    • Contact for pricing

      9.792 Acres Development Land

      Prime development land on the northeast hard corner.
      9410-9422 Fm 1585, Wolfforth, TX 79382
      View Details
    • $1,986,336

      Wolfforth Land For Sale

      Land available one block north of Loop 88.
      12034 Fm 1585, Wolfforth, TX 79382
      View Details
    • $157,500

      Cochran County Farmland Opportunity

      126 acres of prime farmland enrolled in CRP.
      65 Co Rd, Morton, TX
      View Details
    • $420,370

      Hockley County Vineyard & Development Land

      Vineyard and development land in Hockley County, Texas.
      3561-3551 Texas 114, Levelland, TX
      View Details
    • $860,000

      Industrial Interstate Highway Development Land

      7.56 acres, 45 lots, industrial zoning, highway access.
      1106 North I-27 And Loop North, Lubbock, TX
      View Details
    • $480,000
      2,805 SF

      Renovated Industrial Facility For Sale

      2,805 SF industrial building renovated in 2014, ideal for manufacturing.
      802 Seagraves Rd, Brownfield, TX 79316
      View Details
    • $860,000

      Industrial Land I-27 & Loop 289

      7.56 acres, 45 lots, Interstate Highway Industrial Zoning.
      45 Lots I-27 & Loop N, Lubbock, TX 79403
      View Details
    • $175,000
      3,920 SF

      Tahoka Industrial/Agricultural Opportunity on US-87

      Versatile property in a prime location for industrial and agricultural uses.
      1879 Us Highway 87, Tahoka, TX 79373
      View Details
    • $1,200,000

      Lubbock Development Land Opportunity

      1.907 acres of commercial land at 19th & Inler, Lubbock.
      8624 19Th St, Lubbock, TX 79407
      View Details
    • $380,000

      Lubbock Land Investment Opportunity

      Prime commercial land for sale in a dynamic Lubbock market.
      8602 19Th St, Lubbock, TX 79417
      View Details
    • $480,000

      Renovated Industrial Building in Brownfield

      Well-maintained industrial facility renovated in 2014, ideal for various operations.
      802 Seagraves Rd, Brownfield, TX 79316
      View Details

    For Lease (2)

    View map
    • $10 SF/Yr
      30,000 SF

      Lubbock County Warehouse Build-to-Suit

      Flexible Warehouse Space in Lubbock, TX
      8308 Peach Ave, Lubbock, TX 79404
      View Details
    • $14 SF/Yr
      5,000 SF

      Lubbock Office Warehouse with Stackyard

      Office warehouse with stackyard available October 2025 in Lubbock.
      2106 114Th St, Lubbock, TX 79423
      View Details

    Leases and Sales on Map

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    Elbert Wuthrich, Lubbock, TX
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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.

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    Elbert Wuthrich, Lubbock, TX
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