4212 FM179 Lubbock, TX 79407
COMMERCIAL - Lubbock, TX
Property Features for 4212 FM179
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Fencing
- Fenced
- Standard status
- Active
- APN
- R49324
- Size
- 2,344 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Description
- BLK D6 SEC 7 AB 105 TR 2 SE/4 AC: 1.9
Utilities
- Utilities
- Water Available
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1956
- Flooring type
- Tile, Hardwood, Carpet
- Roof type
- Composition
Listing agent Cameron Seale License #0688378 (806) 773-0821
Listing office Williams & Company Real Estate 918 Ave J, Lubbock, TX (806) 860-6945
Listing date Apr 17, 2026
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.
The property is located outside of city limits and is described as being about one mile east of the future Loop 88 interchange at 50th Street. It sits near Marsha Sharp Freeway and is presented as convenient to major destinations, including Texas Tech University, UMC, and Covenant.
The remarks also note no city restrictions and highlight the surrounding growth and the Frenship School District. The site is positioned for a range of development approaches, as described in the listing, including industrial, retail, office, multifamily, or mixed-use.
Key Highlights
- 1.9‑acre tract with frontage along FM 179
- Currently improved with a 2,344 SF 3‑bedroom, 2‑bath home
- Located outside of city limits; near the future Loop 88 interchange at 50th St (about 1 mile east)
Local Financial Insights For Mixed Use
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 | $54.8k | $23.40 |
| − Vacancy | −$5.5k | −$2.34 |
| EGI | $49.4k | $21.06 |
| − OpEx | −$18.5k | −$7.90 |
| NOI | $30.9k | $13.16 |
