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    1608 John Redditt Drive Lufkin, TX 75904

    View on Map
    For Sale
    $700,000

    Warehouse - Lufkin, TX

    Type:Warehouse
    Property size:
    7,500 SF
    Lot size:
    1.11 Acres
    Added:
    Dec 17, 2024
    Days on Market:
    472
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for 1608 John Redditt Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Zoning
    Luf Lm Light Manufacturing
    Exterior features
    Metal Siding
    Standard status
    Active
    Size
    7,500 SF
    Lot size
    1.11 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1985
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Moore

    Listing agent Ben Moore

    Listing office GANN MEDFORD Real Estate, Inc. 2808 S John Redditt Dr, LUFKIN, TX

    Listing date Dec 17, 2024

    MLS# 65102897 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lufkin Warehouse with Active Lease

    This commercial property presents an investment opportunity with an active 24-month lease in place, currently leased to Red Ball Oxygen, generating an annual NOI of $45,000. The 7,500 square foot facility includes showroom, office, and warehouse space under one roof, accessible from North John Redditt Dr. and Lotus Lane. The property is situated on a hard corner with a traffic light and high visibility, benefiting from an annual average daily traffic count of 20,000. Zoned for Light Manufacturing (Luf Lm), the location is suitable for retail, commercial, or industrial use. The facility is fenced on three sides and features over 18,000 square feet of concrete paving behind the fence. Ample parking is available. The lot size is 1.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red Ball Oxygen ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Auto Parts Store Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.750122
    Latitude
    31.3143197

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    FAQs

    What type of property is this?
    Warehouse - 7,500 SF commercial property with active lease and high visibility.
    Where is this warehouse located?
    The property is located at 1608 John Redditt Drive Lufkin, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Active 24‑month commercial lease in place, generating $45,000 annual NOI.; **High‑visibility hard corner location** with traffic light and 20,000 annual average daily traffic count.; **7,500 SF facility suitable for retail, commercial, or industrial use** with showroom, office, and warehouse space.
    (936) 635-6061
    We can help!
    Listing Contact
    Ben Moore
    Real Estate License ID: TREC 0624969
    Learn More
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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
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