Back to Search
Lubbock Industrial Flex Space

6811 Martin Luther King Junior Boulevard Lubbock, TX 79404

6811 Martin Luther King Junior Boulevard, Lubbock, TX, 79404
$298,000
For Sale
Claim this Listing
$298,000

COMMERCIAL - Lubbock, TX

Property Size2,448 SF
Lot Size0.34 Acres
Price / SF$121.73
AddedDec 10, 2025
Days on Market217
Last RefreshJul 15 at 12:06 am

Property Features for 6811 Martin Luther King Junior Boulevard

General Information

Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Standard status
Active
APN
R28777
Size
2,448 SF
Lot size
0.34 Acres

Taxes and HOA fees

Tax Description
BARTOS N100'OF L 3 & BLK E SEC 6 TR 8H
Tax Annual Amount
1214

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public

Building Details

Year built
1966
Building materials
Brick, Metal Siding, Steel Frame
Roof type
Metal

Listing agent Rachel Smith License #0779879

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

Listing date Dec 10, 2025

MLS# 202563990

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.


Investment Insights

Based on property information with market context.

This industrial flex property is located on MLK Blvd in Lubbock, TX. It features a combination of office, shop, warehouse, and covered storage space. The property includes 2,448 square feet of upgraded, fully conditioned office space with a large main work area, a private office, a kitchenette, a shower room, and a half bath. Newer windows provide improved efficiency and natural light. The 1,122-square-foot shop area includes a 10-foot manual double garage door and an open workspace suitable for equipment, fabrication, or light industrial use. The 630-square-foot warehouse is equipped with a 14-foot overhead door, pipe racks, shelving, and loft storage. A 777-square-foot lean-to provides additional covered storage or materials handling. All structures have metal roofs installed in 2009 with a 25-year manufacturer's warranty. The property is situated on a 0.34-acre lot.

Key Highlights

  • Prime industrial flex space with office, shop, warehouse, and covered storage.
  • 2,448 sq ft of upgraded, fully conditioned office space.
  • Functional 1,122 sq ft shop area with 10' manual double garage door.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $45.5k $18.60
− Vacancy −$3.6k −$1.49
EGI $41.9k $17.11
− OpEx −$14.7k −$5.99
NOI $27.2k $11.12
2,448 SF · lease $18.60/SF/yr · vacancy 8.00% · expense 35.00%

Alternative Uses

Best Use
Warehouse
$478.4K
$418.6K – $558.2K (±1% cap)
NOI $33,490 @ 7.0% cap · market cap 11.24%
Second Best
Office B
$457.2K
$400.0K – $533.4K (±1% cap)
NOI $32,001 @ 7.0% cap · market cap 10.74%
Theoretical Best
Office A
$617.1K
$540.0K – $720.0K (±1% cap)
NOI $43,200 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

FAQs

What type of property is this?
Flex space - Adaptable industrial space with office, shop, and warehouse areas.
Where is this flex space located?
The property is located at 6811 Martin Luther King Junior Boulevard Lubbock, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Prime industrial flex space with office, shop, warehouse, and covered storage.; 2,448 sq ft of **upgraded, fully conditioned office space**.; Functional 1,122 sq ft shop area with 10' manual double garage door.
Contact an agent
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