Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot with Storage Building Title is generated by Realmo AI

    907 Avenue K, Shallowater, TX 79363

    View on Map
    Claim this Listing
    For Sale
    $64,900

    Shallowater vacant lot with large storage building and electricity.

    Type:Land / Unimproved Land
    Property size:
    11,250 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $5/SF
    Added:
    Jul 18, 2025
    Days on Market:
    321
    Last Refresh:
    Mar 13 at 4:03 pm

    Property Features for 907 Avenue K

    General Information

    Standard status
    Active
    Size
    11,250 SF
    Lot size
    0.25 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Ralph Harvey

    Listing agent Ralph Harvey License #276593262

    Listing office LISTWITHFREEDOM.COM

    Listing date Jul 18, 2025

    Source Compass

    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 LISTWITHFREEDOM.COM

    HighLights

    • Large 800 sq. ft. insulated storage building with 12' ceilings on a concrete pad.
    • Active electricity already run to the storage building.
    • 1/4 acre vacant lot.
    • Located in Shallowater.
    • Storage building includes covered porch patios at the front and side.
    • Situated just 1/2 block from the elementary school.

    Overview

    This property features a 0.25-acre vacant lot located in Shallowater, Texas, situated just half a block from the elementary school. A notable feature of the property is a large, 800-square-foot storage building located at the back of the lot. The building includes 12-foot ceilings, insulation, and a concrete pad. Electricity is active and already connected to the building. The structure also features covered porch patios at the front and on the side.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shallowater
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8478165
    Latitude
    33.5871516

    Nearby Similar for Sale

    • $400,000
      3,328 SF

      Shallowater Investment Opportunity

      Four homes on a spacious lot, great investment opportunity.
      807 Avenue L, Shallowater, TX 79363
      View Details
    • $345,000
      2,836 SF

      Shallowater, Texas Multi-Family Property

      New multi-family property in Shallowater's newest development.
      1407 17th Street, Shallowater, TX 79363
      View Details
    • $345,000
      3,102 SF

      Shallowater Duplex: Investment Opportunity

      Well-maintained duplex in Shallowater, TX, with immediate rental income.
      1404 17th Street, Shallowater, TX 79363
      View Details
    • $150,000

      Shallowater, TX Land with Arena

      10.01 acre home site with roping arena.
      6010 N County Road 1200, Shallowater, TX 79363
      View Details
    • $105,000

      Prepared Land in Shallowater, TX

      10-acre property ready for your project in Shallowater, TX.
      10609 FM 597, Shallowater, TX 79363
      View Details
    • $108,500

      Spacious Lot in Shallowater, TX

      Large lot near schools and parks, ideal for custom home.
      527 Avenue U, Shallowater, TX 79363
      View Details
    • $315,000

      52.23 Acres Farmland, Shallowater, TX

      52.23 acres of dryland farmland in Shallowater, Texas.
      N County Road 1300, Shallowater, TX 79363
      View Details
    • $100,000

      Shallowater, TX 10-Acre Land

      10 acres in Shallowater, TX, choose your own builder.
      13711 N F M 2378, Shallowater, TX 79363
      View Details
    • $94,500

      Spacious Lot in Shallowater, TX

      One-acre lot in a thoughtfully designed residential community.
      8114 County Rd 6050, Shallowater, TX 79363
      View Details
    • $87,500

      Spacious Lot in Shallowater, TX

      One-acre lot in a thoughtfully designed residential community.
      8105 County Rd 6050, Shallowater, TX 79363
      View Details
    • $85,500

      Residential Land in Shallowater, TX

      One-acre residential lot in a thoughtfully designed community.
      7925 County Rd 6050, Shallowater, TX 79363
      View Details
    • $85,500

      Luxury 1-Acre Residential Lots

      Build your dream home in a unique residential community.
      8101 County Rd 6050, Shallowater, TX 79363
      View Details

    FAQs

    What type of property is this?
    Land - Shallowater vacant lot with large storage building and electricity.
    Where is this land located?
    The property is located at 907 Avenue K Shallowater, TX.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Large 800 sq. ft. insulated storage building with 12' ceilings on a concrete pad.; Active electricity already run to the storage building.; 1/4 acre vacant lot.
    (855) 456-4945
    We can help!
    Listing Contact
    Ralph Harvey
    Real Estate License ID: 276593262
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    907 Avenue K, Shallowater, TX 79363
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!