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    12814 Pr, Unit 2480 Lubbock, TX

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    For Sale
    $720,000

    9,000 SF warehouse with income potential near major highways.

    Property size:
    9,000 SF
    Lot size:
    1.31 Acres

    Property Features for 12814 Pr

    General Information

    Size
    9,000 SF
    Lot size
    1.31 Acres

    Source: Keller Williams Commercial Lubbock Agent Mark Vigil

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

    Overview

    Warehouse Near I-27/Highway 87

    Located just off I-27/Highway 87, the property at 12814 Private Road 2480 offers convenient accessibility. The original 5,000-square-foot structure was built in 2003, with a 4,000-square-foot addition completed in 2013, bringing the total property size to 9,000 square feet. The building features a metal roof and skylights. The property utilizes both electricity and natural gas. Ample parking is available. The buildings are currently leased through May 2025, with a reported income of $10,500 per month and approximately $15,000 per year in taxes and insurance. This property may be suitable for entertainment or commercial sectors.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Self Storage, David C Weaver Grain Co, Laredo Cotton Transfer, Smart Drop Self Storage - Lubbock, Strong College Students Moving Lubbock

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8521082
    Latitude
    33.584646

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    FAQs

    What type of property is this?
    Warehouse - 9,000 SF warehouse with income potential near major highways.
    Where is this warehouse located?
    The property is located at 12814 Pr, Unit 2480 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: - Prime location with convenient accessibility off I-27/Highway 87.; - Substantial square footage: **5,000 sq ft (2003) + 4,000 sq ft (2013) addition.**; - Currently leased through May 2025, generating $10,500/month income (per owner).
    (806) 500-6202
    Request Owner's contact information
    12814 Pr, Unit 2480 Lubbock, TX
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    Lubbock, TX
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    Realmo Value Estimation

    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.

    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.

    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
    12814 Pr, Unit 2480 Lubbock, TX
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