Building Details

Year Built 1935

Buildings 5

Units 4

Listing Agency: McDougal Realtors

Listed By: Ethan Quisenberry · License #TX Show Phone

Source: Crexi

Added: May 15 Changed: Oct 4 Last Checked: Oct 16 at 6:44AM

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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 McDougal Realtors

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Investment Insights

Based on property information with market context.

The property at 4805 N I-27 is a multi-building industrial property situated on approximately 6.97 acres. It features a mix of office, warehouse, and retail/flex space suitable for an owner-user, investor, or growing business. The property includes six separate structures. There is a 1,669 square foot stand-alone office building, an 800 square foot storage building, a 7,575 square foot office/warehouse building renovated in 2019, and a 9,000 square foot office/retail/warehouse facility constructed in 2021. Additionally, the site features two newer warehouse buildings completed in 2023 and 2024, measuring 1,200 square feet and 7,500 square feet. The property has direct exposure to I-27, providing accessibility for logistics, distribution, and daily operations. The yard area allows for stack yard, equipment storage, or future expansion potential, making it suitable for contractors, service-based businesses, or distribution users. The total property size is 27,744 square feet.

Key Highlights

• Exceptional visibility and access directly on Interstate 27.
• Versatile multi‑building industrial property with a mix of office, warehouse, and retail/flex space.
• Large 6.97‑acre site with ample yard space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$312,578

Cap Rate

8.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,251,560 $6.3M

Cap Rate 7%

$4,465,400 $4.5M

Cap Rate 9%

$3,473,089 $3.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 27,744 SF

Gross rent

$482.7K $17.40/SF

− Vacancy

−$36.2K −$1.31/SF

EGI

$446.5K $16.10/SF

− OpEx

−$134.0K −$4.83/SF

NOI

$312.6K $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%

$6,251,560

Cap Rate 7%

$4,465,400

Cap Rate 9%

$3,473,089

Alternative Uses

Best Use

Warehouse

$5.42M

$4.74M – $6.33M (±1% cap)

NOI $379,559 @ 7.0% cap · market cap 10.26%

Second Best

Mixed Use

$5.22M

$4.56M – $6.09M (±1% cap)

NOI $365,180 @ 7.0% cap · market cap 9.87%

Theoretical Best

Office A

$6.99M

$6.12M – $8.16M (±1% cap)

NOI $489,604 @ 7.0% cap · market cap 13.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

JH Masonry and Plastering General Contractor Superior Materials & Stucco Big Box & Wholesale Store

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Spa & Massage Center Big Box & Wholesale Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

46

Businesses Nearby

Explore this area Business Placement

Demographics for 79403, TX

15,604

Population

6,530

Households

2.4

Avg Household Size

38

Median Age

11%

College-Educated

76%

High-School Grad

131.3 sq mi

ZIP Area

119

Density / Sq Mi

$45,343

Median Household Income

$27,431

Median Earnings

$946

Median Rent

$83,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-building industrial property with office, warehouse, and retail/flex space.

Where is this mixed-use property located?

The property is located at 4805 N INTERSTATE 27 Lubbock, TX.

What is the asking price?

The asking price for this property is $3,700,000.

What are key features of this property?

This property features: Exceptional visibility and access directly on Interstate 27.; Versatile multi‑building industrial property with a mix of office, warehouse, and retail/flex space.; Large 6.97‑acre site with ample yard space.