Mixed-Use Property with Oversized
For Sale
$925,000
1801 13th St, Levelland, TX 79336
A rebuilt commercial building combines interior work space with vehicle access and a caliche-surfaced site.
Property Size5,925 SF
Price / SF$156.12
Days on Market27
Property Features for 1801 13th St
General Information
Standard status
Active
Size
5,925 SF
Building Details
Buildings
1
Building Size
5,925 SF
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Travis Turner · License #0660475
(806) 577-2508
Source:
Exprealty
Added: Sep 17
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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 Brick & Loft Realty
Investment Insights
Based on property information with market context.
This mixed-use property in Levelland includes 5,925 square feet of interior space, an oversized bay door and a standard vehicle door at the rear. The building was reconstructed from the ground up, with additional interior area incorporated into the current layout. Past uses have included servicing pipe trucks, warehousing and industrial-style business operations.
The site encompasses almost 9 acres with caliche ground. Vehicle access is provided by the two doors, including the larger bay opening.
The site encompasses almost 9 acres with caliche ground. Vehicle access is provided by the two doors, including the larger bay opening.
Key Highlights
- 5,925 square feet of interior space
- Almost 9 acres with caliche ground
- One oversized bay door and a standard rear vehicle door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,991
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,820
$1.2M
Cap Rate 7%
$857,014
$857.0K
Cap Rate 9%
$666,567
$666.6K
Market Conditions
NOI Build-Up for 5,925 SF
Gross rent
$106.7K $18.00/SF
− Vacancy
−$10.7K −$1.80/SF
EGI
$96.0K $16.20/SF
− OpEx
−$36.0K −$6.07/SF
NOI
$60.0K $10.13/SF
Area
Hockley County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,820
Cap Rate 7%
$857,014
Cap Rate 9%
$666,567
Alternative Uses
Best Use
Mixed Use
$857.0K
$749.9K – $999.9K
NOI $59,991 @ 7.0% cap · market cap 6.49%
Second Best
Warehouse
$529.3K
$463.1K – $617.5K
NOI $37,050 @ 7.0% cap · market cap 4.01%
Theoretical Best
Multifamily LT 5
$66.43M
$58.12M – $77.50M
NOI $4,649,961 @ 7.0% cap · market cap 502.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 79336, TX
15,953
Population
6,584
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
482.8 sq mi
ZIP Area
33
Density / Sq Mi
$52,724
Median Household Income
$34,213
Median Earnings
$803
Median Rent
$124,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A rebuilt commercial building combines interior work space with vehicle access and a caliche-surfaced site.
Where is this mixed-use property located?
The property is located at 1801 13th St Levelland, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,925 square feet of interior space; Almost 9 acres with caliche ground; One oversized bay door and a standard rear vehicle door
