Flex Space with Oversized Bay
For Sale
$925,000
1801 13th Street, Levelland, TX 79336
Commercial Sale, Levelland, TX
Property Size5,925 SF
Lot Size8.45 Acres
Price / SF$156.12
Days on Market50
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
Additional Details
Real Estate Included
Yes
Property Use
Warehouse, Industrial
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
Vinyl, Concrete
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Travis Turner · License #0660475
(806) 577-2508
Added: Sep 17
Changed: Oct 27
Last Checked: Nov 5 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This flex property in Levelland includes 5,925 square feet of interior space. The building was rebuilt from the ground up, with additional area incorporated during the work. One oversized bay door and a standard rear vehicle door support access to the interior. Metal siding and a metal roof complete the building envelope, while vinyl and concrete flooring, central heating, and central air serve the interior.
The 8.45-acre parcel has caliche ground and gated access. On-street and garage parking are listed among the property features.
The 8.45-acre parcel has caliche ground and gated access. On-street and garage parking are listed among the property features.
Key Highlights
- 5,925 square feet of interior space
- 8.45‑acre parcel with caliche ground
- One oversized bay door and one standard rear vehicle door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,050
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,000
$741.0K
Cap Rate 7%
$529,286
$529.3K
Cap Rate 9%
$411,667
$411.7K
Market Conditions
NOI Build-Up for 5,925 SF
Gross rent
$47.6K $8.04/SF
− Vacancy
−$4.0K −$0.68/SF
EGI
$43.6K $7.36/SF
− OpEx
−$6.5K −$1.10/SF
NOI
$37.0K $6.25/SF
Area
Hockley County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,000
Cap Rate 7%
$529,286
Cap Rate 9%
$411,667
Alternative Uses
Best Use
Warehouse
$529.3K
$463.1K – $617.5K
NOI $37,050 @ 7.0% cap · market cap 4.01%
Second Best
Flex RnD
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 3.65%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A gated 8.45-acre site pairs substantial interior space with vehicle access and concrete flooring.
Where is this flex space located?
The property is located at 1801 13th Street 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; 8.45‑acre parcel with caliche ground; One oversized bay door and one standard rear vehicle door
