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    11425 County Road 2220 Lubbock, TX 79423

    View on Map
    Sponsored
    Picture of Flex space at County Road 2220 11425, Lubbock, TX
    For Sale
    $1,800,000

    COMMERCIAL - Lubbock, TX

    Property size:
    17,833 SF
    Lot size:
    1.04 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 27 at 6:06 am

    Property Features for 11425 County Road 2220

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    R353972
    Parking features
    Parking Lot
    Fencing
    Fenced, Privacy, Gate
    Size
    17,833 SF
    Lot size
    1.04 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Aerobic Septic
    Heating system
    Natural Gas
    Cooling system
    Central Air, Electric, Ceiling Fan(s)
    Water source
    Private

    Building Details

    Year built
    2026
    Flooring type
    Concrete, Vinyl
    Building materials
    Concrete, Ducts Professionally Air-Sealed, Metal Siding, Spray Foam Insulation, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Jena Reeves

    McDougal, REALTORS

    Listing agent Jena Reeves License #0770983

    Listing date Mar 25, 2026

    MLS# 202603874

    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

    New Construction Commercial Building

    This is a new construction metal building offering 17,833 square feet of space on a 1.04-acre lot within Griffin Park. The property includes 1,832 square feet of office space and 16,001 square feet of warehouse space. The office area features seven offices, a kitchen/break room, and two bathrooms, with vinyl plank floors and granite countertops. The warehouse is foam insulated and includes two 10-foot overhead doors connected to a dock-high loading dock with dock levelers, and one 14-foot overhead door, as well as its own restroom and 20-foot sidewalls. Concrete paving is installed in the front parking area, and a 7-foot metal fence encloses the crushed asphalt stack yard. The property is located outside the city limits, across from the new Tractor Supply on 114th St. It has its own well and septic system with SPEC electricity. Atmos natural gas and optimum high-speed internet are available. Final touchups are needed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Discount Store Furniture & Home Goods Electrical Service

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

    Similar Places Nearby

    Rissa's

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.864465
    Latitude
    33.488939

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    FAQs

    What type of property is this?
    Flex space - New construction flex space with office and warehouse components.
    Where is this flex space located?
    The property is located at 11425 County Road 2220 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - New 17,833 sq ft metal building (1,832 sq ft office, 16,001 sq ft warehouse) on 1 acre.; - **Dock high loading dock with dock levelers and multiple overhead doors** (two 10' and one 14').; - Office space with 7 offices, kitchen/break room, 2 bathrooms, vinyl plank floors, and granite countertops.
    (806) 789-5444
    Request Owner's contact information
    11425 County Road 2220 Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    11425 County Road 2220 Lubbock, TX 79423
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    We can help!
    Listing Contact
    Jena Reeves
    Real Estate License ID: 0770983
    Learn More
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