Flex Space with Fenced
New
For Sale
$489,000
3502 N County Road 1660, Lubbock, TX 79416
A front office, overhead doors, and secured yard space support a range of commercial operations.
Property Size3,000 SF
Lot Size1.00 Acre
Price / SF$163
Days on Market5
Property Features for 3502 N County Road 1660
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.00 Acre
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
600 SF
Drive-In Doors
2
Power
200 amps
Voltage
230 V
Three-Phase Power
No
Additional Details
Property Use
Industrial Shop
Taxes and HOA fees
Annual Taxes
$775
Amenities
Concrete
No
3000.0
Builder
Fenced
1.0
Additional Parking
Gravel
Slab
County Road
Building Details
Building Size
3,000 SF
Year Built
2026
Buildings
1
Listing Agency:
Clear Rock Realty
(806) 319-5090
Listed By:
Evan Stone · License #0827501
(806) 778-3428
Source:
Clearrockrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:11PM
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 Clear Rock Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property is planned on a 1-acre tract with a 40' x 60' shop and an attached 40' x 15' office. The shop includes 16' sidewalls, two 16' automatic overhead doors, and exterior concrete bays. Office areas include a 15' x 15' private office, break room with sink and refrigerator plumbing, bathroom, and utility closet. Concrete floors, glass entry doors, and front-facing windows are part of the office finish. A 40' x 20' covered porch and concrete driveway are also planned. The property is under development, with completion details subject to change.
An 8-foot steel fence encloses approximately 29,000 square feet of yard surfaced with crushed asphalt. Site infrastructure includes 200A, 230V single-phase power, a water well, septic system, and planned irrigation. The property is outside city limits, near Milwaukee Avenue, and one mile from the new outer loop.
An 8-foot steel fence encloses approximately 29,000 square feet of yard surfaced with crushed asphalt. Site infrastructure includes 200A, 230V single-phase power, a water well, septic system, and planned irrigation. The property is outside city limits, near Milwaukee Avenue, and one mile from the new outer loop.
Key Highlights
- 40' x 60' shop with 16' sidewalls
- Two 16' automatic overhead doors and exterior concrete bays
- Attached 40' x 15' office with a 15' x 15' private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,799
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,980
$676.0K
Cap Rate 7%
$482,843
$482.8K
Cap Rate 9%
$375,544
$375.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$52.2K $17.40/SF
− Vacancy
−$3.9K −$1.31/SF
EGI
$48.3K $16.10/SF
− OpEx
−$14.5K −$4.83/SF
NOI
$33.8K $11.27/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,980
Cap Rate 7%
$482,843
Cap Rate 9%
$375,544
Alternative Uses
Best Use
Industrial
$482.8K
$422.5K – $563.3K
NOI $33,799 @ 7.0% cap · market cap 6.91%
Second Best
Flex RnD
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 10.83%
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
16 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
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
Frequently Asked Questions
What type of property is this?
Flex space - A front office, overhead doors, and secured yard space support a range of commercial operations.
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 $489,000.
What are key features of this property?
This property features: 40' x 60' shop with 16' sidewalls; Two 16' automatic overhead doors and exterior concrete bays; Attached 40' x 15' office with a 15' x 15' private office
