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

    15003 F M 400 Slaton, TX 79364

    View on Map
    For Sale
    $245,847

    LAND - Slaton, TX

    Lot size:
    8.20 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 15003 F M 400

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R116418
    Lot size
    8.20 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Private, Well

    We can help!

    Listing Contact
    Sue Stephens
    Sue Stephens

    Listing agent Sue Stephens License #0548327

    Listing office Sue Stephens Realty 4510 84th Street, Lubbock, TX

    Listing date Feb 20, 2026

    MLS# 202603335

    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

    8.2 Acres in Slaton, TX

    An 8.2-acre tract of land is available for purchase. The site has utilities and well water access. Potential uses for the land include a homestead, multifamily housing, self-storage facilities, or garden farming. The property is located within the Slaton School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom Storage Facility Discount Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Slaton
    County
    Lubbock
    State
    Texas
    Longitude
    -101.656438
    Latitude
    33.455698

    Nearby Similar for Sale

    • $179,900
      1,500 SF

      Slaton Commercial Property For Sale

      Commercial property in excellent condition, ready for new owner.
      200 W Crosby Street, Slaton, TX 79364
      View Details
    • $1,950,000
      3,200 SF

      Slaton, TX Development Land

      127.92 acres of land suitable for development.
      5112 County Rd 3300, Slaton, TX 79364
      View Details
    • $39,000

      Commercially Zoned Land in Slaton

      Commercial land with highway access suitable for industrial businesses.
      1800 S 9th Street, Slaton, TX 79364
      View Details
    • $575,000
      4,600 SF

      22-Acre Commercial Property in Slaton

      22-acre commercial property with store and RV spots near Buffalo Springs Lake.
      6202 E Hwy 84, Slaton, TX 79364
      View Details
    • $59,000

      Slaton, TX: 4 Acre Land

      4 acres of land near Lubbock, ideal for custom home.
      11505 E F M 2150, Slaton, TX 79364
      View Details
    • $89,900

      Slaton, TX 10-Acre Homesite

      10-acre homesite in Cooper ISD, near Lubbock.
      CR 2840, Slaton, TX 79364
      View Details
    • $150,000

      Slaton, TX Development Opportunity

      4-acre tract ideal for residential development in Slaton, TX.
      S 11th Street, Slaton, TX 79364
      View Details
    • $39,000

      Residential Lot in Slaton, TX

      Residential lot in Slaton, TX, ideal for new construction.
      1303 Peoria Street, Slaton, TX 79364
      View Details
    • $79,000

      Slaton, TX 5-Acre Land

      5-acre tract in Acuff, Roosevelt ISD, ideal for residential use.
      12612 E County Road 6610, Slaton, TX 79364
      View Details
    • $39,000

      Residential Lot in Slaton, TX

      Residential lot suitable for building a dream home in Slaton.
      1310 Oxford Street, Slaton, TX 79364
      View Details
    • $160,000
      5,300 SF

      Slaton Commercial Property For Sale

      Versatile commercial property with large yard and secure access.
      400 Industrial Drive, Slaton, TX 79364
      View Details
    • $629,900

      Roosevelt ISD Land For Sale

      Land in Roosevelt ISD, ideal for residential or investment.
      Tract 24 Roosevelt Farms CR 3300, Slaton, TX 79364
      View Details

    FAQs

    What type of property is this?
    Land - 8.2 acre tract suitable for homestead, multifamily, or storage.
    Where is this land located?
    The property is located at 15003 F M 400 Slaton, TX.
    What is the asking price?
    The asking price for this property is $245,847.
    What are key features of this property?
    This property features: 8.2 Acre Tract - Offers ample space and potential.; Divisible by Acre - Purchase the desired amount of land.; Utilities to Site - Simplifies development.
    (806) 777-8923
    We can help!
    Listing Contact
    Sue Stephens
    Sue Stephens
    Real Estate License ID: 0548327
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!