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    35 Package Property Tulia, TX 79088

    Sponsored
    For Sale
    $1,999,000

    MULTI_FAMILY - Tulia, TX

    Property size:
    39,765 SF
    Lot size:
    0.20 Acres
    Days on Market:
    51
    Last Refresh:
    Mar 4 at 11:06 pm

    Property Features for 35 Package Property

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 44, Bedroom 70, Bedroom 39, Bedroom 4, Bedroom 34, Bedroom 57, Bedroom 1, Bedroom 53, Bedroom 12, Bedroom 23, Bathroom 23, Bedroom 54, Bedroom 43, Bedroom 19, Bedroom 71, Bathroom 22, Bedroom 9, Bedroom 31, Bedroom 52, Bathroom 12, Bedroom 27, Bedroom 84, Bathroom 37, Bedroom 81, Bedroom 28, Bathroom 32, Bedroom 40, Bedroom 49, Bedroom 68, Bedroom 5, Bedroom 6, Bedroom 16, Bedroom 91, Bathroom 8, Bedroom 21, Bathroom 35, Bedroom 61, Bathroom 33, Bedroom 30, Bedroom 25, Bathroom 24, Bedroom 82, Bedroom 11, Bathroom 5, Bedroom 13, Bathroom 39, Bedroom 20, Bedroom 35, Bathroom 6, Bedroom 90, Bedroom 88, Bathroom 20, Bedroom 41, Bedroom 86, Bedroom 37, Bathroom 7, Bathroom 11, Bedroom 38, Bedroom 55, Bedroom 50, Bedroom 89, Bathroom 38, Bedroom 75, Bathroom 16, Bedroom 22, Bedroom 80, Bedroom 47, Bathroom 1, Bedroom 56, Bathroom 17, Bathroom 13, Bathroom 21, Bedroom 66, Bedroom 15, Bathroom 29, Bedroom 8, Bedroom 14, Bedroom 63, Bedroom 65, Bedroom 79, Bathroom 3, Bedroom 60, Bedroom 92, Bedroom 18, Bedroom 3, Bedroom 17, Bedroom 72, Bedroom 46, Bedroom 59, Bedroom 87, Bedroom 7, Bedroom 69, Bedroom 2, Bathroom 30, Bedroom 32, Bedroom 48, Bedroom 29, Bedroom 85, Bathroom 31, Bedroom 93, Bathroom 18, Bathroom 34, Bedroom 94, Bedroom 33, Bedroom 24, Bedroom 51, Bedroom 83, Bedroom 36, Bathroom 15, Bathroom 9, Bathroom 40, Bedroom 58, Bathroom 41, Bathroom 26, Bedroom 76, Bedroom 26, Bathroom 14, Bedroom 77, Bedroom 42, Bathroom 25, Bedroom 78, Bedroom 74, Bathroom 4, Bathroom 42, Bedroom 10, Bathroom 10, Bedroom 62, Bedroom 64, Bathroom 27, Bedroom 73, Bathroom 19, Bathroom 28, Bathroom 36, Bedroom 67, Bedroom 45
    Bedrooms
    94
    Bathrooms
    41
    APN
    19555
    Size
    39,765 SF
    Lot size
    0.20 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Miranda Eastwood

    Real Estate Just For You, LLC (806) 790-0790

    Listing agent Miranda Eastwood (806) 292-0870 License #0843584

    Listing date Jan 14, 2026

    MLS# 202600592

    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

    Overview

    Cash-Flowing Rental Property Package Deal

    This is a cash-flowing rental property package deal with an 8.5% CAP rate and a 91% occupancy rate. The properties can be sold as a total package, in smaller packages, or individually. The location has high rental demand with long-term tenants. It offers immediate cash flow, a strong ROI, and upside potential. The properties include homes with 2 to 4 bedrooms, ranging from fully remodeled to fixer-uppers. Many are HUD eligible and meet the 1% rule. The package includes 31 single-family residences and 1 commercial property in Tulia, 2 single-family residences in Plainview, and 1 single-family residence in Lubbock. The total property size is 39765 square feet on a lot of 0.2 acres. The Net Operating Income (NOI) and rent roll are available.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Tulia
    County
    Swisher
    State
    Texas
    Longitude
    -101.758515
    Latitude
    34.535894

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    FAQs

    What type of property is this?
    Single family property - High rental demand, immediate cash flow, and strong ROI potential.
    Where is this single family property located?
    The property is located at 35 Package Property Tulia, TX.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - High Cash Flow: Enjoy an 8.5% CAP rate with 91% occupancy for immediate returns.; - Package Deal: 34 SFR and 1 commercial property available as a total package, smaller packages, or individually.; - Strong ROI and Upside Potential: Offers opportunities for increased returns and future growth.
    (806) 292-0870
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    35 Package Property Tulia, TX 79088
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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
    35 Package Property Tulia, TX 79088
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    We can help!
    Listing Contact
    Miranda Eastwood
    Real Estate License ID: 0843584
    (806) 292-0870
    Learn more
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