Auto Shop With Roll-Up
1923 E State Highway 114, Levelland, TX 79336
For Sale
New
$117,500
Commercial Sale, Levelland, TX
Property Size1,500 SF
Lot Size0.96 Acres
Price / SF$78.33
Days on Market3
Property Features for 1923 E State Highway 114
General Information
Property type
Property subtype
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Real Estate Included
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
insulated
gas heat
bathroom
front roll-up door
rear roll-up door
new roof
new skylights
new siding
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Red Dirt Realty & Land
(806) 891-2252
Listed By:
Milo Sapia · License TX #0836357
(806) 638-1633
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 8:06PM
MLS# 202615186
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 1,500-square-foot auto shop occupies approximately 0.96 acres at 1923 E State Highway 114 in Levelland. The insulated metal building has an open interior, concrete flooring, gas heat, and a bathroom. It has no office space or air conditioning. A 14-by-10-foot roll-up door faces the front, with a 9-by-9-foot door at the rear for vehicle and equipment access.
Recent building work includes a replacement roof, new skylights, and new siding on the rear half of the west side. Public water and sewer serve the property.
Recent building work includes a replacement roof, new skylights, and new siding on the rear half of the west side. Public water and sewer serve the property.
Key Highlights
- 1,500‑square‑foot insulated metal shop on approximately 0.96 acres
- 14 * 10 front roll‑up door and 9 * 9 rear roll‑up door
- Gas heat and a bathroom; open layout with no office space or air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,724
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,480
$154.5K
Cap Rate 7%
$110,343
$110.3K
Cap Rate 9%
$85,822
$85.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$12.1K $8.04/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$11.0K $7.36/SF
− OpEx
−$3.3K −$2.21/SF
NOI
$7.7K $5.15/SF
Area
Hockley County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,480
Cap Rate 7%
$110,343
Cap Rate 9%
$85,822
Alternative Uses
Best Use
Retail
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 17.29%
Second Best
Industrial
$110.3K
$96.6K – $128.7K
NOI $7,724 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Chevrolet Certified Service Levelland Texas — 1403 TX-114, Levelland, TX 79336
- Aaron's Mobile Mechanic — 501 Travis St LOT 64, Levelland, TX 79336
- Outwest Diesel — 2605 ron rd, levelland, tx 79336
Frequently Asked Questions
What type of property is this?
Auto shop - An open-layout metal shop offers gas heat, a bathroom, and direct access from State Highway 114.
Where is this auto shop located?
The property is located at 1923 E State Highway 114 Levelland, TX.
What is the asking price?
The asking price for this property is $117,500.
What are key features of this property?
This property features: 1,500‑square‑foot insulated metal shop on approximately 0.96 acres; 14 * 10 front roll‑up door and 9 * 9 rear roll‑up door; Gas heat and a bathroom; open layout with no office space or air conditioning
