Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4011 Avenue S Lubbock Lubbock, TX 79412

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $345,000

    12,000 SF warehouse with classrooms near Ave Q and 40th.

    Property size:
    12 SF

    Property Features for 4011 Avenue S Lubbock

    General Information

    Size
    12 SF

    We can help!

    Listing Contact
    Jef Conn
    Jef Conn
    Source: Cbcworldwide

    Listing Agency: Coldwell Banker Commercial Capital Advisors Listing Agent: Jef Conn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Insulated Warehouse Near 40th Street

    The property features a 12,000 square foot insulated warehouse with columns running along the center line. Inside, there is a small reception area providing access to the warehouse and two adjacent classrooms. The classrooms measure approximately 20 ft x 44 ft and 20 ft x 24 ft respectively. The warehouse includes one grade-level overhead door that is 12 ft tall and 18 ft wide, along with two man doors on the east side and two on the west side. The main entrance is located on the west side. The property also contains two restrooms. Situated just west of Avenue Q near 40th Street, the 41,850 square foot lot offers the potential to fence in yard space for secure parking or storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    Storage Zone, Affordable Storage Shops, A Plus Super Storage 82nd and University

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.850869
    Latitude
    33.557393

    Nearby Similar for Sale

    • $599,000
      6,211 SF

      Versatile Commercial Space in Lubbock

      Combined 6,211 SF commercial space ideal for diverse business uses.
      2301 122Nd St, Lubbock, TX 79423
      View Details
    • New
      $549,000
      4,400 SF

      Office with Warehouse and Yard

      Office, warehouse, and stack yard with secured gated access.
      201 Loop 289 NE, Lubbock, TX 79403
      View Details
    • New
      $550,000
      6,395 SF

      Versatile Commercial Property in Lubbock

      Two commercial properties with flexible use and strong visibility.
      4905 Memphis Ave, Lubbock, TX 79413
      View Details
    • New
      $792,000
      7,200 SF

      Versatile New Construction Industrial Property

      Industrial property with office space and secure outdoor storage.
      10710 County Road 2500, Lubbock, TX 79404
      View Details
    • $480,000
      2,135 SF

      Lubbock Medical Office Opportunity

      Well-maintained medical office in Central Lubbock, ideal for healthcare.
      3508 22Nd Pl, Lubbock, TX 79410
      View Details
    • $999,500
      8,194 SF

      Lubbock Office Duplex For Sale

      Office duplex ideal for owner-user or investment with income potential.
      3402 110Th St, Lubbock, TX 79423
      View Details
    • New
      $820,000
      2,620 SF

      Modern Garden Office in Lubbock

      Premium office space for sale or lease in Paradise Business Park.
      11702 Frankford Ave Unit, Lubbock, TX 79424
      View Details
    • $320,000
      2,448 SF

      Lubbock Industrial Flex Opportunity

      Versatile industrial space with office, shop, and warehouse areas.
      6811 Martin Luther King Junior Blvd, Lubbock, TX 79404
      View Details
    • $325,000
      2,340 SF

      Versatile Building on Unrestricted Land

      Adaptable building on 5 acres, ideal for various purposes.
      10312 N Fm 1264, Lubbock, TX 79415
      View Details
    • $329,000
      2,842 SF

      Lubbock Duplex in Prime Location

      Income-producing duplex near shopping, dining, and schools.
      7903 Aberdeen Ave, Lubbock, TX 79424
      View Details
    • $650,000
      2,130 SF

      Lubbock Commercial Property Near University

      Restaurant/retail property near Texas Tech and Jones AT&T Stadium.
      117 University Ave, Lubbock, TX 79415
      View Details
    • $299,000
      3,041 SF

      Versatile Flex Building in Lubbock

      3,041 SF flex building in up-and-coming commercial area.
      2301 122Nd St, Lubbock, TX 79423
      View Details

    FAQs

    What type of property is this?
    Warehouse - 12,000 SF warehouse with classrooms near Ave Q and 40th.
    Where is this warehouse located?
    The property is located at 4011 Avenue S Lubbock Lubbock, TX.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - 12,000 SF Building Size; - HC Zoning; - Large 41,850 SF Lot Size
    (806) 784-3216
    Request Owner's contact information
    4011 Avenue S Lubbock Lubbock, TX 79412
    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.
    4011 Avenue S Lubbock
    Lubbock, TX 79412
    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
    4011 Avenue S Lubbock Lubbock, TX 79412
    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

    We can help!
    Listing Contact
    Jef Conn
    Jef Conn
    (806) 784-3216 (806) 787-4779
    Learn more
    Google sign-in failed. Please try again or use another login method.