Add Listing
    For Lease
    • 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

    E Highway 62-82 Wolfforth, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/office spaces available for pre-leasing with excellent access and visibility.

    Type:RETAIL
    Property size:
    16,800 SF
    Lot size:
    2.64 Acres
    Added:
    May 29, 2024
    Days on Market:
    696
    Last Refresh:
    Apr 5 at 8:44 pm

    Property Features for E Highway 62-82

    General Information

    Standard status
    Active
    Size
    16,800 SF
    Lot size
    2.64 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at E Highway 62-82 Contact us

    We can help!

    Listing Contact
    Ethan Quisenberry
    Ethan Quisenberry

    Listing agent Ethan Quisenberry License #0758039

    Listing office McDougal, REALTORS

    Listing date May 29, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of McDougal, REALTORS

    Overview

    Prime Retail/Office Strip Center

    This retail/office strip center is available for pre-leasing. Located off the frontage of US 62/82, the property offers access and visibility. Spaces range from 2,400 square feet to 9,600 square feet, with flexible lease options available to accommodate specific needs. The space can be built out entirely or customized just in the front portion, leaving the back available as shop space. Tenant Improvement allowances are negotiable, ensuring that the space can be tailored to meet exact requirements. The property has a total size of 16,800 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.009
    Latitude
    33.5059

    Nearby Similar for Lease

    • $750/Mo

      Wolfforth Shop or Storage Space

      1000 sqft shop/storage space with bathroom for lease.
      10614 Private Road 1310 unit: C, Wolfforth, TX 79382
      View Details
    • $1,300/Mo

      Wolfforth Retail or Storage Space

      2000 sqft retail or storage space for lease.
      10614 Private Road 1310 unit: B, Wolfforth, TX 79382
      View Details
    • $12 SF/Yr

      Office/Warehouse Space on Fenced Lot

      5,000 SF office/warehouse on one-acre fenced lot for lease.
      9402-D FM 1585, Wolfforth, TX 79382
      View Details
    • $12 SF/Yr

      Office/Warehouse Space on Fenced Lot

      5,000 SF office/warehouse on one-acre fenced lot for lease.
      9402 FM 1585, Wolfforth, TX
      View Details
    • Contact for pricing

      Fenced Warehouse with Enclosed Yard

      Warehouse with office, shop, enclosed yard, and secure access.
      8312 98th Street, Wolfforth, TX 79382
      View Details
    • $4,500/Mo

      Wolfforth Warehouse Space Available

      4,718 SF warehouse space for lease in Wolfforth, Texas.
      8312 98th St, Wolfforth, TX
      View Details
    • Contact for pricing

      Office/Warehouse with Fenced Yard

      5,000 SF office/warehouse with fenced yard for lease.
      9316 F M 1585, Wolfforth, TX 79382
      View Details
    • Contact for pricing

      Wolfforth Specialty Property For Rent

      Specialty property available for rent in Wolfforth, Texas.
      9625 Highway 62-82, Wolfforth, TX
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Wolfforth, Texas.
      508 5th St, Wolfforth, TX 79382
      View Details
    • $1,800/Mo

      Wolfforth Retail Space Available

      Former convenience store, potential restaurant space for lease in Wolfforth.
      508 5th St, Wolfforth, TX
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail/office spaces available for pre-leasing with excellent access and visibility.
    Where is this strip mall located?
    The property is located at E Highway 62-82 Wolfforth, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime location with exceptional access and visibility off US 62/82 frontage.; Flexible lease options with spaces ranging from 2,400 sqft to 9,600 sqft.; Customizable build‑out options: entire space or front portion with shop space.
    (806) 317-0234 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ethan Quisenberry
    Ethan Quisenberry
    Real Estate License ID: 0758039
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!