Rebuilt Mixed-Use Facility with
New
For Sale
$975,000
1801 13th Street, Levelland, TX 79336
Commercial Sale, Levelland, TX
Property Size5,925 SF
Lot Size8.45 Acres
Price / SF$164.56
Days on Market3
Property Features for 1801 13th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, On Street
Fencing
Gate
Lot features
Cleared, Rectangular Lot
Middle school
Levelland
High school
Levelland
Elementary school district
Levelland ISD
Middle school district
Levelland ISD
High school district
Levelland ISD
Subdivision
Hockley County
Standard status
Active
APN
4673
Size
5,925 SF
Lot size
8.45 Acres
Taxes and HOA fees
Tax Description
Hood Csl, Lge 28, Lab 15, Tr 9, Ab149, Acres 8.450
Legal Description
Hood Csl, Lge 28, Lab 15, Tr 9, Ab149, Acres 8.450
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Travis Turner · License #0660475
(806) 577-2508
Added: Sep 17
Last Checked: Sep 19 at 12:06AM
MLS# 202612948
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use facility occupies 8.45 acres and contains 5,925 square feet of interior space. The building was rebuilt from the ground up, with additional area incorporated into the current configuration. Construction includes metal siding and a metal roof, while interior finishes include concrete and vinyl flooring. Central heating and central air conditioning serve the building.
Vehicle access is supported by one oversized bay door and a second standard door at the rear. The property includes gated fencing, garage parking, and on-street parking. The open caliche-covered grounds and warehouse-oriented configuration support industrial-style and vehicle-related uses described for the property.
Vehicle access is supported by one oversized bay door and a second standard door at the rear. The property includes gated fencing, garage parking, and on-street parking. The open caliche-covered grounds and warehouse-oriented configuration support industrial-style and vehicle-related uses described for the property.
Key Highlights
- 8.45‑acre mixed‑use property with caliche‑covered grounds
- 5,925 square feet of interior space
- Building rebuilt from the ground up with additional square footage added
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.15%
Second Best
Warehouse
$529.3K
$463.1K – $617.5K
NOI $37,050 @ 7.0% cap · market cap 3.80%
Theoretical Best
Multifamily LT 5
$66.43M
$58.12M – $77.50M
NOI $4,649,961 @ 7.0% cap · market cap 476.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
68
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Reconstructed facility with warehouse-oriented space, vehicle access, gated grounds, and concrete and vinyl flooring.
Where is this mixed-use property located?
The property is located at 1801 13th Street Levelland, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 8.45‑acre mixed‑use property with caliche‑covered grounds; 5,925 square feet of interior space; Building rebuilt from the ground up with additional square footage added
