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    1009 12Th St Seagraves, TX 79359

    Sponsored
    For Sale
    $89,500

    COMMERCIAL - Seagraves, TX

    Type:Office
    Property size:
    891 SF
    Lot size:
    0.16 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 20 at 5:06 pm

    Property Features for 1009 12Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    APN
    60437
    Accessibility
    Accessible Approach with Ramp
    Size
    891 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Lacy Lusk

    Southern Magnolia Real Estate (806) 773-4092

    Listing agent Lacy Lusk (806) 239-1412 License #0828483

    Listing date Jan 16, 2026

    Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Seagraves Commercial Office Building

    This well-maintained commercial office building is situated on Denver City Highway, offering high visibility and convenient access in a central, high-traffic area. Its location places the property at the intersection of oilfield-related activities, making it suitable for businesses serving the energy sector and surrounding communities. The building features three large private offices, a spacious waiting/reception area, and a bathroom. The layout is functional and adaptable for various uses, including accounting, financial, medical, dental, real estate, professional services, or specialty retail. The flexible floor plan can also accommodate barber or beauty services, child care, education, photography, office supply, florist, travel services, or other service-based businesses supporting oilfield operations. The property's strong street presence, central location, and straightforward access make it a viable option for owner-operators or investors looking to establish or expand in an oilfield-driven market. The property has a size of 891 square feet and sits on a lot of 0.16 acres. This location is suitable for field operations, administrative offices, or a client-facing business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Spa & Massage Building Supply Restaurant Hair Salon Nail Salon Hotel & Motel Gym & Fitness Wholesale Shop Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seagraves
    County
    Gaines
    State
    Texas
    Longitude
    -102.570953
    Latitude
    32.943948

    Nearby Similar for Sale

    • $245,000
      2,541 SF

      Seagraves, TX Multi-Family Five-Plex

      Fully performing five-plex in Seagraves, TX with steady rental income.
      901 11 St, Seagraves, TX 79359
      View Details

    FAQs

    What type of property is this?
    Office building - High-visibility office building ideal for energy sector businesses.
    Where is this office building located?
    The property is located at 1009 12Th St Seagraves, TX.
    What is the asking price?
    The asking price for this property is $89,500.
    What are key features of this property?
    This property features: - High-visibility location directly on Denver City Highway in a high-traffic corridor.; - Ideal location for businesses serving the energy sector and surrounding communities.; - Functional layout with three large private offices and a spacious waiting/reception area.
    (806) 239-1412
    Request Owner's contact information
    1009 12Th St Seagraves, TX 79359
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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
    1009 12Th St Seagraves, TX 79359
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    We can help!
    Listing Contact
    Lacy Lusk
    Real Estate License ID: 0828483
    (806) 239-1412
    Learn more
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