Fenced Flex
For Sale
Contact for pricing
4606 Martin L King Blvd, Lubbock, TX 79404
Fully paved, fenced grounds include gated access, lighting, and integrated office and warehouse improvements.
Property Size5,000 SF
Lot Size3.28 Acres
Price / SF$199
Days on Market242
Property Features for 4606 Martin L King Blvd
General Information
Standard status
Active
Size
5,000 SF
Lot size
3.28 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
2,000 SF
Office Build-Out
3,000 SF
Drive-In Doors
4
Voltage
240 V
Three-Phase Power
No
Amenities
conference room
break room with kitchen
electric gated entrances
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
NAI Wheelhouse
(806) 722-1200
Listed By:
Joe Magby
(806) 200-3244
Source:
Moodyscre
Added: Feb 17
Changed: Oct 13
Last Checked: Oct 16 at 9:57AM
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 NAI Wheelhouse
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Investment Insights
Based on property information with market context.
Located at 4606 Martin L King Blvd in Lubbock, Texas, this flex property combines a paved, fenced 3.28-acre site with a 5,000 SF office and warehouse building. Electric gated entrances and lighting serve the grounds, which provide space for truck parking and equipment storage. The property also offers access to multiple major highways.
The building includes 3,000 SF of office area with five private offices, a conference room, and a large break room with a full-size kitchen. The 2,000 SF warehouse has single-phase, 240V power, four 16’ x 12’ pull-through overhead doors, an 18’ eave height, and 22’ clear height. The combined layout supports office functions alongside vehicle and equipment operations.
The building includes 3,000 SF of office area with five private offices, a conference room, and a large break room with a full-size kitchen. The 2,000 SF warehouse has single-phase, 240V power, four 16’ x 12’ pull-through overhead doors, an 18’ eave height, and 22’ clear height. The combined layout supports office functions alongside vehicle and equipment operations.
Key Highlights
- 3.28‑acre fully paved and fenced site
- 5,000 SF building with 3,000 SF office and 2,000 SF warehouse areas
- Five private offices, conference room, and break room with full‑size kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,404
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,080
$1.4M
Cap Rate 7%
$977,200
$977.2K
Cap Rate 9%
$760,044
$760.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$87.0K $17.40/SF
− Vacancy
−$6.5K −$1.31/SF
EGI
$80.5K $16.10/SF
− OpEx
−$12.1K −$2.41/SF
NOI
$68.4K $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%
$1,368,080
Cap Rate 7%
$977,200
Cap Rate 9%
$760,044
Alternative Uses
Best Use
Warehouse
$977.2K
$855.1K – $1.14M
NOI $68,404 @ 7.0% cap · market cap 6.87%
Second Best
Office B
$933.8K
$817.0K – $1.09M
NOI $65,363 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,236 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79404, TX
9,956
Population
4,289
Households
2.3
Avg Household Size
38
Median Age
13%
College-Educated
73%
High-School Grad
28.5 sq mi
ZIP Area
349
Density / Sq Mi
$48,642
Median Household Income
$30,654
Median Earnings
$958
Median Rent
$86,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fully paved, fenced grounds include gated access, lighting, and integrated office and warehouse improvements.
Where is this flex space located?
The property is located at 4606 Martin L King Blvd Lubbock, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3.28‑acre fully paved and fenced site; 5,000 SF building with 3,000 SF office and 2,000 SF warehouse areas; Five private offices, conference room, and break room with full‑size kitchen
