Versatile Multi-Building Industrial
For Sale
Contact for pricing
4805 N INTERSTATE 27, Lubbock, TX 79403
Multi-building industrial property with office, warehouse, and retail/flex space.
Property Size27,744 SF
Lot Size6.97 Acres
Price / SF$133.36
Days on Market110
Property Features for 4805 N INTERSTATE 27
General Information
Standard status
Active
Size
27,744 SF
Class
B
Lot size
6.97 Acres
Property subtype
Industrial, Mixed Use
Building Details
Year Built
1935
Buildings
5
Units
4
Listing Agency:
McDougal Realtors
(806) 317-0234
Listed By:
Ethan Quisenberry · License #TX
Source:
Crexi
Added: May 15
Changed: Aug 17
Last Checked: Aug 29 at 5:03PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$312,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,251,560
$6.3M
Cap Rate 7%
$4,465,400
$4.5M
Cap Rate 9%
$3,473,089
$3.5M
Market Conditions
NOI Build-Up for 27,744 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $379,559 @ 7.0% cap · market cap 10.26%
Second Best
Mixed Use
$5.22M
$4.56M – $6.09M
NOI $365,180 @ 7.0% cap · market cap 9.87%
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,604 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.
