Flex Space With Covered
For Sale
$225,000
3904 Ursuline Street, Lubbock, TX 79415
Commercial Sale, Lubbock, TX
Property Size484 SF
Lot Size3.41 Acres
Price / SF$464.88
Days on Market414
Property Features for 3904 Ursuline Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
8
Standard status
Active
APN
R62500
Size
484 SF
Lot size
3.41 Acres
Taxes and HOA fees
Tax Description
BLK A SEC 13 AB 89 TR B10 ACS: 3.41
Legal Description
BLK A SEC 13 AB 89 TR B10 ACS: 3.41
Amenities
covered parking
storage building
Listing Agency:
Clear Rock Realty
(806) 319-5090
Listed By:
Ruben Trujillo · License #0690204
(806) 445-3887
Added: Aug 20, 2025
Changed: Oct 2
Last Checked: Oct 7 at 3:06PM
MLS# 202559733
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.
Investment Insights
Based on property information with market context.
This flex-space property includes a 484-square-foot storage building with a large garage door, along with multiple covered parking and storage structures. The improvements provide enclosed and covered areas for storing vehicles, trailers, equipment, or materials, with a layout that can accommodate workshop and small operational uses.
The property encompasses 3.41 acres at 3904 Ursuline Street in Lubbock, Texas. Its combination of a dedicated storage building, covered structures, and a sizable lot provides practical space for businesses requiring flexible storage and work areas.
The property encompasses 3.41 acres at 3904 Ursuline Street in Lubbock, Texas. Its combination of a dedicated storage building, covered structures, and a sizable lot provides practical space for businesses requiring flexible storage and work areas.
Key Highlights
- 3.41‑acre property in Lubbock, TX
- 484‑square‑foot storage building
- Large garage door provides building access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,621
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,420
$132.4K
Cap Rate 7%
$94,586
$94.6K
Cap Rate 9%
$73,567
$73.6K
Market Conditions
NOI Build-Up for 484 SF
Gross rent
$8.4K $17.40/SF
− Vacancy
−$632 −$1.31/SF
EGI
$7.8K $16.10/SF
− OpEx
−$1.2K −$2.41/SF
NOI
$6.6K $13.68/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,420
Cap Rate 7%
$94,586
Cap Rate 9%
$73,567
Alternative Uses
Best Use
Warehouse
$94.6K
$82.8K – $110.4K
NOI $6,621 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$77.9K
$68.2K – $90.9K
NOI $5,453 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$122.0K
$106.8K – $142.4K
NOI $8,541 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79415, TX
17,499
Population
7,225
Households
2.4
Avg Household Size
30
Median Age
26%
College-Educated
77%
High-School Grad
67.8 sq mi
ZIP Area
258
Density / Sq Mi
$37,101
Median Household Income
$25,506
Median Earnings
$956
Median Rent
$94,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Multiple covered structures provide room for vehicles, trailers, and equipment.
Where is this flex space located?
The property is located at 3904 Ursuline Street Lubbock, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3.41‑acre property in Lubbock, TX; 484‑square‑foot storage building; Large garage door provides building access
