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    6811 Martin Luther King Junior Boulevard Lubbock, TX 79404

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    Claim this Listing
    For Sale
    $298,000

    COMMERCIAL - Lubbock, TX

    Property size:
    2,448 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $121/SF
    Added:
    Dec 10, 2025
    Days on Market:
    149
    Last Refresh:
    May 8 at 4:06 am

    Property Features for 6811 Martin Luther King Junior Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Chain Link
    Standard status
    Active
    APN
    R28777
    Size
    2,448 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    BARTOS N100'OF L 3 & BLK E SEC 6 TR 8H
    Tax Annual Amount
    1214

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1966
    Building materials
    Brick, Metal Siding, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Rachel Smith
    Rachel Smith

    Listing agent Rachel Smith License #0779879

    Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX

    Listing date Dec 10, 2025

    MLS# 202563990

    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.

    HighLights

    • Prime industrial flex space with office, shop, warehouse, and covered storage.
    • 2,448 sq ft of upgraded, fully conditioned office space.
    • Functional 1,122 sq ft shop area with 10' manual double garage door.
    • 630 sq ft warehouse with 14' overhead door, pipe racks, shelving, and loft storage.
    • Durable metal roofs installed in 2009 with a 25‑year manufacturer's warranty.
    • Strategic Lubbock location on MLK Blvd.

    Overview

    Lubbock Industrial Flex Space

    This industrial flex property is located on MLK Blvd in Lubbock, TX. It features a combination of office, shop, warehouse, and covered storage space. The property includes 2,448 square feet of upgraded, fully conditioned office space with a large main work area, a private office, a kitchenette, a shower room, and a half bath. Newer windows provide improved efficiency and natural light. The 1,122-square-foot shop area includes a 10-foot manual double garage door and an open workspace suitable for equipment, fabrication, or light industrial use. The 630-square-foot warehouse is equipped with a 14-foot overhead door, pipe racks, shelving, and loft storage. A 777-square-foot lean-to provides additional covered storage or materials handling. All structures have metal roofs installed in 2009 with a 25-year manufacturer's warranty. The property is situated on a 0.34-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.819464
    Latitude
    33.531228

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    FAQs

    What type of property is this?
    Flex space - Adaptable industrial space with office, shop, and warehouse areas.
    Where is this flex space located?
    The property is located at 6811 Martin Luther King Junior Boulevard Lubbock, TX.
    What is the asking price?
    The asking price for this property is $298,000.
    What are key features of this property?
    This property features: Prime industrial flex space with office, shop, warehouse, and covered storage.; 2,448 sq ft of **upgraded, fully conditioned office space**.; Functional 1,122 sq ft shop area with 10' manual double garage door.
    (806) 392-6839
    We can help!
    Listing Contact
    Rachel Smith
    Rachel Smith
    Real Estate License ID: 0779879
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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