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    Lubbock Industrial Investment Opportunity Title is generated by Realmo AI

    1627 County Rd 7340, Lubbock, TX

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    Newly built, fully occupied industrial building with long-term lease.

    Type:INDUSTRIAL
    Property size:
    5,828 SF
    Lot size:
    1.64 Acres
    Price / SF:
    $184/SF
    Added:
    Apr 25, 2024
    Days on Market:
    787
    Last Refresh:
    May 20 at 9:27 pm

    Property Features for 1627 County Rd 7340

    General Information

    Standard status
    Active
    Size
    5,828 SF
    Lot size
    1.64 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Erik Paul Johnson
    Erik Paul Johnson

    Listing agent Erik Paul Johnson License ##415535

    Listing office Paul Johnson & Associates

    Listing date Apr 25, 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 Paul Johnson & Associates

    HighLights

    • Secure single tenant investment with a new lease featuring over 4 years remaining.
    • 100% occupancy ensures immediate income.
    • NN lease type provides a low‑maintenance investment.
    • Recently constructed in 2021, minimizing potential maintenance issues.
    • Tenanted by a quality, reliable tenant.
    • 5,828 SF industrial/warehouse/distribution building suitable for various uses.

    Overview

    The property at 1627 County Road 7340, Lubbock, TX, presents an industrial, warehouse, and distribution investment opportunity. Constructed in 2021, this 5,828 square foot building is fully occupied. It is currently tenanted under a new lease with over 4 years remaining. The lease is structured as NN, suggesting a low-maintenance investment.

    Local Financial Insights For Warehouse

    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 $101.4k $17.40
    − Vacancy −$7.6k −$1.31
    EGI $93.8k $16.10
    − OpEx −$14.1k −$2.41
    NOI $79.7k $13.68
    5,828 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.14M
    $996.6K – $1.33M (±1% cap)
    NOI $79,731 @ 7.0% cap · market cap 7.40%
    Second Best
    Industrial
    $938.0K
    $820.8K – $1.09M (±1% cap)
    NOI $65,661 @ 7.0% cap · market cap 6.10%
    Theoretical Best
    Office A
    $1.47M
    $1.29M – $1.71M (±1% cap)
    NOI $102,848 @ 7.0% cap · market cap 9.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Briggs Truck & Rail Material Handling Equipment Supplier

    Suggested Use

    Restaurant Spa & Massage Center Gym & Fitness Center Building Supply Skin Care Clinic Big Box & Wholesale Store Accounting Firm Hotel & Motel Bar & Pub Auto Parts Store

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

    Similar Places Nearby

    • Ferguson Big Boy Toy Storage — 11808 US-87, Lubbock, TX 79423
    • Discount Warehouses — Texas 79423
    • Affordable Storage RV and Boat Storage — 12303 US-87, Lubbock, TX 79423
    • A A Shops & Storage — 2306 118th St, Lubbock, TX 79423

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.856
    Latitude
    33.4831

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    FAQs

    What type of property is this?
    Warehouse - Newly built, fully occupied industrial building with long-term lease.
    Where is this warehouse located?
    The property is located at 1627 County Rd 7340 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,077,000.
    What are key features of this property?
    This property features: Secure single tenant investment with a new lease featuring over 4 years remaining.; 100% occupancy ensures immediate income.; NN lease type provides a low‑maintenance investment.
    (325) 439-0186 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erik Paul Johnson
    Erik Paul Johnson
    Real Estate License ID: #415535
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