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    Lubbock Commercial Opportunity on Upland Title is generated by Realmo AI

    8312 Upland Avenue, Lubbock, TX 79424

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    Claim this Listing
    For Lease
    $23,595 SF/Yr $27,612,048/Mo (calc)

    COMMERCIAL - Lubbock, TX

    Type:Office
    Property size:
    14,043 SF
    Lot size:
    1.37 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 8312 Upland Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    R75450
    Size
    14,043 SF
    Lot size
    1.37 Acres

    Utilities

    Cooling system
    Electric, Ceiling Fan(s), Central Air

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    Rex Andrews

    Listing agent Rex Andrews License #0663823

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

    Listing date Mar 5, 2026

    MLS# 202602980

    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 commercial location in southwest Lubbock's rapid growth corridor.
    • Excellent accessibility and high visibility on Upland Avenue.
    • Strong traffic count of approximately 12,800 vehicles per day.
    • Proximity to major retail, restaurants, and professional services near 82nd Street.
    • Suitable for a variety of uses: office, medical, professional services, or retail.
    • Recent roadway improvements expanding Upland Avenue to five lanes.

    Overview

    Located at 8312 Upland Ave in Lubbock, this commercial property is situated in southwest Lubbock's rapidly growing corridor. The property benefits from high visibility and accessibility along Upland Avenue, a major north-south connector that serves expanding residential and commercial developments. Approximately 12,800 vehicles per day pass along the Upland corridor, providing significant exposure for businesses. Recent roadway improvements are underway to expand Upland Avenue into a five-lane thoroughfare to accommodate increasing traffic and development. The property is located just south of 82nd Street and near major retail establishments, restaurants, and professional services. The property, which has a size of 14043 square feet and sits on a 1.37-acre lot, is suitable for various uses, including office, medical, professional services, or retail. The location offers strong traffic counts, excellent frontage, and proximity to major Lubbock growth corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Centerline Engineering & Consulting Land Surveyor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.975625
    Latitude
    33.516018

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    FAQs

    What type of property is this?
    Office space - Prime commercial property in a rapidly growing Lubbock corridor.
    Where is this office space located?
    The property is located at 8312 Upland Avenue Lubbock, TX.
    What is the lease rate?
    The lease rate is $23,595.
    What are key features of this property?
    This property features: Prime commercial location in southwest Lubbock's rapid growth corridor.; Excellent accessibility and high visibility on Upland Avenue.; Strong traffic count of approximately 12,800 vehicles per day.
    (806) 777-6556
    We can help!
    Listing Contact
    Rex Andrews
    Real Estate License ID: 0663823
    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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    8312 Upland Avenue, Lubbock, TX 79424
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