Industrial Shop with Fenced
3502 N County Road 1660 Lubbock, TX 79416
New
3502 N County Road 1660, Lubbock, TX, 79416
$529,000
For Sale
$529,000
Brand-new 40' x 60' shop with two 16' overhead doors plus an 8' steel fenced, crushed-asphalt yard.
Property Size3,000 SF
Price / SF$176.33
Days on Market2
Property Features for 3502 N County Road 1660
General Information
- Standard status
- Active
- Size
- 3,000 SF
Building Details
- Year Built
- 2026
Listing agency
Milestone Realty Group
(806) 544-3918
Listed by
Trey Culver · License #0763446
Source
Raftercrossrealty
Added: Jul 21 Checked: Jul 22 at 4:52AM
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 Milestone Realty Group
Investment Insights
Based on property information with market context.
A brand-new industrial shop is under development on a full 1-acre tract and designed for practical day-to-day operations. The main building is 40' x 60' with 16' sidewalls and includes two 16' automatic overhead doors. The property is fully enclosed with an 8-foot steel privacy fence and offers approximately 29,000 square feet of fenced yard finished with crushed asphalt for equipment, vehicles, or operational storage.
An attached front office measures 40' x 15' with 12' ceilings, professionally stained concrete floors, glass entry doors, and front-facing windows. Interior improvements include a 15' x 15' private office, a break room with sink and refrigerator plumbing, and a bathroom plus utility closet. Power is provided via 200A, 230V single-phase service (South Plains Electric), and industrial-grade exterior lighting is planned on all four sides.
The site also includes a water well and septic system, a 40' x 20' covered front porch, a 40' x 20' concrete driveway, and a planned irrigation system for the front yard. Located just off Milwaukee Avenue outside city limits, approximately one mile from the new outer loop, with additional lots (Lot 3 and 4) planned to match Lot 2 specifications and available to be built to suit.
An attached front office measures 40' x 15' with 12' ceilings, professionally stained concrete floors, glass entry doors, and front-facing windows. Interior improvements include a 15' x 15' private office, a break room with sink and refrigerator plumbing, and a bathroom plus utility closet. Power is provided via 200A, 230V single-phase service (South Plains Electric), and industrial-grade exterior lighting is planned on all four sides.
The site also includes a water well and septic system, a 40' x 20' covered front porch, a 40' x 20' concrete driveway, and a planned irrigation system for the front yard. Located just off Milwaukee Avenue outside city limits, approximately one mile from the new outer loop, with additional lots (Lot 3 and 4) planned to match Lot 2 specifications and available to be built to suit.
Key Highlights
- Brand‑new 40' x 60' industrial shop built with 16' sidewalls, completed with two 16' automatic overhead doors
- 1‑acre property with ~29,000 SF enclosed fenced yard finished with crushed asphalt for equipment and vehicle storage
- 200A, 230V single‑phase power service (South Plains Electric) plus industrial‑grade exterior lighting on all four sides
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.2k | $17.40 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $48.3k | $16.10 |
| − OpEx | −$7.2k | −$2.41 |
| NOI | $41.0k | $13.68 |
3,000 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 7.76%
Second Best
Office B
$560.3K
$490.2K – $653.6K
NOI $39,218 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brand-new 40' x 60' shop with two 16' overhead doors plus an 8' steel fenced, crushed-asphalt yard.
Where is this flex space located?
The property is located at 3502 N County Road 1660 Lubbock, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Brand‑new 40' x 60' industrial shop built with 16' sidewalls, completed with two 16' automatic overhead doors; 1‑acre property with ~29,000 SF enclosed fenced yard finished with crushed asphalt for equipment and vehicle storage; 200A, 230V single‑phase power service (South Plains Electric) plus industrial‑grade exterior lighting on all four sides
