Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1223 Preston Trail Wolfforth, TX 79382

    View on Map
    Claim this Listing
    For Sale
    $380,000

    MULTI_FAMILY - Wolfforth, TX

    Property size:
    2,800 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $135/SF
    Added:
    Sep 5, 2024
    Days on Market:
    607
    Last Refresh:
    May 4 at 8:06 am

    Property Features for 1223 Preston Trail

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 1
    Parking features
    Garage
    Window features
    Window Coverings
    Interior features
    Ceiling Fan(s), Walk-In Closet(s)
    Standard status
    Active
    APN
    R325483
    Size
    2,800 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    PRESTON TRAILS L 30

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2022
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Stacey Rogers
    Stacey Rogers

    Listing agent Stacey Rogers License #0588927

    Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX

    Listing date Sep 5, 2024

    MLS# 202412707 Listing URL

    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.

    Overview

    Wolfforth Duplex Investment Opportunity

    This multifamily property presents an investment opportunity in Wolfforth, Texas. The duplex, situated in a location near Frenship schools, may be purchased individually or as a package with other properties. The property has a lot size of 0.15 acres and a building size of 2800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -101.992233
    Latitude
    33.527195

    Nearby Similar for Sale

    • $365,000
      2,720 SF

      New Duplex Investment Opportunity

      New duplex in Wolfforth, Frenship ISD, with strong rental appeal.
      2009 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $365,000
      2,720 SF

      New Duplex in Wolfforth, TX

      New duplex in Frenship ISD with strong rental appeal.
      2010 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $365,000
      2,720 SF

      Wolfforth Duplex Investment Opportunity

      New duplex in Frenship ISD with strong rental appeal.
      2005 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $365,000
      2,720 SF

      Wolfforth Duplex Investment Opportunity

      New duplex in Wolfforth, Frenship ISD, strong rental appeal.
      2004 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $365,000
      2,720 SF

      New Duplex in Frenship ISD

      New duplex in Wolfforth, TX, with strong rental appeal.
      2006 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $359,000
      3,091 SF

      Luxury Duplex in Frenship School

      Luxury duplex in Wolfforth, leased through mid-2026, great investment.
      704 Hillshire Avenue, Wolfforth, TX 79382
      View Details
    • $345,000
      2,800 SF

      Newer Duplex in Frenship District

      Duplex with 3 bedrooms, 2 bathrooms, and 2-car garage.
      1013 Preston Trail, Wolfforth, TX 79382
      View Details
    • $345,000
      2,800 SF

      Wolfforth Duplex in Preston Trails

      Three-year-old duplex in Frenship ISD with upgraded features.
      1011 Preston Trail, Wolfforth, TX 79382
      View Details
    • $65,000

      Wolfforth, TX Land Opportunity

      Land available in Wolfforth, TX, ideal for duplex construction.
      1203 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $65,000

      Wolfforth, TX Land Opportunity

      Land available for customizable duplexes in The Overlook.
      1201 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $65,000

      Wolfforth, TX Land Opportunity

      Land available for customizable duplexes in The Overlook.
      1205 Corpus Avenue, Wolfforth, TX 79382
      View Details
    • $370,000
      3,061 SF

      Wolfforth Duplex Investment Opportunity

      Newer duplex in Wolfforth, TX, with established tenants.
      1215 Preston Trail, Wolfforth, TX 79382
      View Details

    FAQs

    What type of property is this?
    Duplex - Newer duplex in Wolfforth, TX, with established tenants.
    Where is this duplex located?
    The property is located at 1223 Preston Trail Wolfforth, TX.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Newer duplex built in 2022.; Located in Wolfforth, Texas.; Award‑winning Frenship schools nearby.
    (806) 368-1066
    We can help!
    Listing Contact
    Stacey Rogers
    Stacey Rogers
    Real Estate License ID: 0588927
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1223 Preston Trail, Wolfforth, TX 79382

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!