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    Office with Warehouse and Yard Title is generated by Realmo AI

    201 NE Loop 289, Lubbock, TX 79403

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    For Sale
    $549,000

    COMMERCIAL - Lubbock, TX

    Property size:
    4,400 SF
    Lot size:
    1.35 Acres
    Price / SF:
    $124/SF
    Added:
    Mar 1, 2025
    Days on Market:
    441
    Last Refresh:
    May 16 at 12:06 pm

    Property Features for 201 NE Loop 289

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Parking features
    Covered, Carport, Gated, Open, Driveway, Parking Lot, Garage
    Security features
    Security Lighting
    Fencing
    Chain Link, Perimeter, Fenced
    Standard status
    Active
    APN
    R120523
    Size
    4,400 SF
    Lot size
    1.35 Acres

    Taxes and HOA fees

    Tax Description
    CROSLIN INDUSTRIAL L 4
    Tax Annual Amount
    2659

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Flooring type
    Tile, Concrete, Carpet
    Building materials
    Brick, Metal Siding, Steel Frame, Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Meredith Wideman

    Listing agent Meredith Wideman License #0511448

    Listing office Real Estate Lubbock 2109 109th Street, Ste D4, Lubbock, TX

    Listing date Mar 1, 2025

    MLS# 202551749

    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.

    HighLights

    • Secure, gated access to the entire property.
    • Warehouse featuring 4 bays, large overhead doors, and automatic openers.
    • Office space with 6 individual offices, breakroom, and 3 restrooms.
    • Ample parking: 6 covered spaces and plenty of open concrete parking.
    • Potential for expansion with additional land available.
    • Meticulously landscaped property with irrigation.

    Overview

    This commercial property in Lubbock, TX, features an office space with a warehouse and stack yard, offering various business possibilities. The property is secured with gated access. The office area includes 6 individual office spaces, a breakroom, and 3 restrooms. The entry or lobby area could serve as a showroom or customer seating area. The warehouse has 4 bays equipped with large overhead doors and automatic openers. There are 6 covered parking spaces and ample open concrete parking spaces available. The 1.35-acre property is meticulously landscaped with an irrigation system. The office and stack yard are fully fenced with gated access. The property size is 4,400 square feet. Additional land is available for potential expansion. The zoning is C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Hotel & Motel Department Store Auto Parts Store

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

    Similar Places Nearby

    • Xcaliber Container — 701 Texas 289 Loop Frontage Rd, Lubbock, TX 79403

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.83436
    Latitude
    33.617249

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    FAQs

    What type of property is this?
    Warehouse - Office, warehouse, and stack yard with secured gated access.
    Where is this warehouse located?
    The property is located at 201 NE Loop 289 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Secure, gated access to the entire property.; Warehouse featuring 4 bays, large overhead doors, and automatic openers.; Office space with 6 individual offices, breakroom, and 3 restrooms.
    (806) 438-8083
    We can help!
    Listing Contact
    Meredith Wideman
    Real Estate License ID: 0511448
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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