Flex Warehouse with Office
8801 F M 3431 Lubbock, TX 79404
For Sale
Contact for pricing
6,000 sq ft flex building on fenced land with insulated warehouse space, overhead doors, and office areas.
Property Size6,000 SF
Lot Size11.08 Acres
Price / SF$225
Days on Market117
Property Features for 8801 F M 3431
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 11.08 Acres
- Property subtype
- Industrial
Listing Agency:
Coldwell Banker Commercial Capital Advisors
(806) 784-3216
Listed By:
Jef Conn · License #TX
Source:
Crexi
Added: Mar 30
Changed: Jul 22
Last Checked: Jul 23 at 4:43AM
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
Available for sale or lease, this 6,000 sq ft flex building includes 4,000 sq ft downstairs and a 2,000 sq ft space upstairs, all set on 11.08 acres of fenced land. The downstairs office area features four private offices and a large breakroom/kitchen, along with an insulated warehouse served by overhead doors.
The upstairs space can function as additional offices or be used as a residence/apartment. The property also includes an electric motorized gate and provides ample room for building additional space. The landlord is open to a build-to-suit approach to fit tenant needs.
Located at 8801 F M 3431 in Lubbock, Texas, the property’s layout supports both office and warehouse requirements, with separated upstairs space for flexible use.
The upstairs space can function as additional offices or be used as a residence/apartment. The property also includes an electric motorized gate and provides ample room for building additional space. The landlord is open to a build-to-suit approach to fit tenant needs.
Located at 8801 F M 3431 in Lubbock, Texas, the property’s layout supports both office and warehouse requirements, with separated upstairs space for flexible use.
Key Highlights
- 6,000 sq ft building on 11.08 fenced acres (4,000 sq ft downstairs and 2,000 sq ft upstairs)
- Downstairs office setup includes 4 private offices and a large breakroom/kitchen area
- Insulated warehouse area with overhead doors on the downstairs level
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $17.40 |
| − Vacancy | −$7.8k | −$1.31 |
| EGI | $96.6k | $16.10 |
| − OpEx | −$14.5k | −$2.41 |
| NOI | $82.1k | $13.68 |
6,000 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,084 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$1.12M
$980.4K – $1.31M
NOI $78,435 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,883 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 6,000 sq ft flex building on fenced land with insulated warehouse space, overhead doors, and office areas.
Where is this flex space located?
The property is located at 8801 F M 3431 Lubbock, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,000 sq ft building on 11.08 fenced acres (4,000 sq ft downstairs and 2,000 sq ft upstairs); Downstairs office setup includes 4 private offices and a large breakroom/kitchen area; Insulated warehouse area with overhead doors on the downstairs level
