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    3221 114Th St Lubbock, TX 79423

    For Sale
    $4,250,000

    Newly constructed industrial facility with a long-term tenant.

    Property size:
    97,984 SF
    Lot size:
    2.42 Acres

    Property Features for 3221 114Th St

    General Information

    Size
    97,984 SF
    Lot size
    2.42 Acres

    Source: McDougal, REALTORS Agent Ethan Quisenberry

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

    Overview

    New Industrial Facility Investment Opportunity

    Located in Lubbock, TX, the property at 3221 114th St presents a premier investment opportunity. The newly constructed industrial facility, completed in 2024, is situated in a rapidly developing area. The property spans 28,600 square feet on a 2.25-acre lot, offering operational capacity and a fenced stackyard suitable for logistics, outdoor storage, and material staging. The building is fully leased to Action Gypsum Supply, LP, a distributor of gypsum wallboard, metal framing, insulation, and related construction materials with 27 locations across six states. The tenant's long-term, triple net lease contributes to the financial stability of this investment. This income-generating asset is suited for investors seeking immediate cash flow, long-term stability, and minimal management obligations in the West Texas market. The property has a 7.4% cap rate.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Orchard Park Self Storage, A-Storage Place

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8854883
    Latitude
    33.4905434

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    FAQs

    What type of property is this?
    Warehouse - Newly constructed industrial facility with a long-term tenant.
    Where is this warehouse located?
    The property is located at 3221 114Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - 7.4% Cap Rate: Provides a strong return on investment.; - 100% Leased to Action Gypsum Supply, LP: Secure, creditworthy national tenant.; - Newly Constructed (2024) Industrial Facility: Modern construction minimizes maintenance costs.
    (806) 317-0234
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    3221 114Th St Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    3221 114Th St Lubbock, TX 79423
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