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    4509-4535 22Nd Pl Lubbock, TX 79407

    Sponsored
    For Sale
    $5,550,000

    MULTI_FAMILY - Other - Lubbock, TX

    Property size:
    25,595 SF
    Lot size:
    1.83 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 7 at 8:06 pm

    Property Features for 4509-4535 22Nd Pl

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Window Coverings, Double Pane Windows
    Rooms
    Bedroom 34, Bedroom 10, Bedroom 23, Bathroom 1, Bedroom 33, Bedroom 1, Bedroom 16, Bathroom 25, Bedroom 36, Bedroom 12, Bathroom 23, Bathroom 15, Bathroom 19, Bedroom 17, Bathroom 11, Bathroom 17, Bathroom 18, Bedroom 18, Bedroom 30, Bathroom 13, Bathroom 29, Bathroom 14, Bathroom 27, Bathroom 16, Bedroom 31, Bedroom 27, Bedroom 37, Bedroom 13, Bathroom 22, Bathroom 6, Bathroom 9, Bedroom 38, Bedroom 11, Bedroom 3, Bedroom 20, Bedroom 22, Bedroom 15, Bathroom 3, Bathroom 30, Bedroom 7, Bathroom 5, Bathroom 26, Bathroom 24, Bathroom 7, Bathroom 28, Bedroom 2, Bedroom 4, Bathroom 20, Bedroom 14, Bathroom 21, Bedroom 6, Bedroom 32, Bedroom 21, Bathroom 2, Bathroom 4, Bathroom 10, Bedroom 25, Bedroom 39, Bathroom 8, Bedroom 8, Bathroom 12, Bedroom 29, Bedroom 19, Bedroom 24, Bedroom 26, Bedroom 5, Bedroom 9, Bedroom 28, Bedroom 35
    Bedrooms
    39
    Bathrooms
    30
    APN
    R325870
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio
    Interior features
    Beamed Ceilings, Breakfast Bar, Ceiling Fan(s), Double Vanity, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Storage, Walk-In Closet(s)
    Exterior features
    Private Yard
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
    Size
    25,595 SF
    Lot size
    1.83 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Plank, Tile, Vinyl
    Building materials
    Brick, Foam Insulation
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dan Williams

    Williams & Company Real Estate (806) 777-1310

    Listing agent Dan Williams (806) 777-1310 License #0550528

    Listing date Jan 29, 2026

    MLS# 202601312

    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

    Lubbock Luxury Single-Family Home Portfolio

    This is a package of 14 fully leased luxury single-family homes situated on one contiguous block in Lubbock, Texas. The residences are located minutes from Lubbock's Medical District, major hospitals, and Texas Tech University. Immediate access to the Marsha Sharp Freeway provides connectivity and ease of commute throughout the city. The homes are walkable to United's Market Street. Developed and maintained by Flatland Homes by Trey Strong, each residence reflects modern design, quality construction, and low-maintenance living. The portfolio includes a mix of 2- and 3-bedroom floorplans, designed to meet the needs of renters seeking upscale finishes and efficient layouts. The property is located at 4509-4535 22nd Place, Lubbock, TX 79407 and is located in Lubbock County. The lot size is 1.83 acres and the property size is 25595 square feet. This is a turnkey luxury rental investment in one of Lubbock's areas for single-family housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.908841
    Latitude
    33.573232

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    FAQs

    What type of property is this?
    Single family property - Fully leased luxury homes near Medical District and Texas Tech.
    Where is this single family property located?
    The property is located at 4509-4535 22Nd Pl Lubbock, TX.
    What is the asking price?
    The asking price for this property is $5,550,000.
    What are key features of this property?
    This property features: - Portfolio of 14 fully leased luxury single-family homes on one contiguous block.; - Prime location near Lubbock's Medical District, major hospitals, and Texas Tech University, ensuring consistent tenant demand.; - **Turnkey rental investment with upscale finishes, efficient layouts, and low-maintenance living.**
    (806) 777-1310
    Request Owner's contact information
    4509-4535 22Nd Pl Lubbock, TX 79407
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    Lubbock, TX 79407
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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
    4509-4535 22Nd Pl Lubbock, TX 79407
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    We can help!
    Listing Contact
    Dan Williams
    Real Estate License ID: 0550528
    (806) 777-1310
    Learn more
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