Flex Space Building with Fenced
For Sale
Contact for pricing
9210 Highway 87, Lubbock, TX 79423
Industrial property combining warehouse capacity, planned office space, overhead loading, and a secured outdoor yard.
Property Size14,950 SF
Lot Size1.50 Acres
Price / SF$150
Days on Market56
Property Features for 9210 Highway 87
General Information
Standard status
Active
Size
14,950 SF
Lot size
1.50 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
18 ft
Building Details
Building Size
14,950 SF
Listing Agency:
Mcdougal Realtors
Listed By:
Mark Oatman · License #596269
(806) 543-8568
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 1 at 5:41AM
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
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Investment Insights
Based on property information with market context.
This flex space property includes 14,950 square feet of building area on 1.5 acres. The planned 1,816-square-foot office or retail component can be customized, while the existing office plan includes 7 private offices, a conference room, reception area, two bathrooms, and a kitchenette. Warehouse improvements feature 18-foot sidewalls and two overhead doors for loading and unloading. A fully fenced yard provides additional outdoor storage or parking area.
The property is located at 9210 Highway 87 in Lubbock, Texas, between the city’s inner and outer loops. Its position along a high-traffic Highway 87 corridor provides access to major routes and supports operations requiring deliveries, warehouse space, administrative areas, or contractor-oriented storage.
The property is located at 9210 Highway 87 in Lubbock, Texas, between the city’s inner and outer loops. Its position along a high-traffic Highway 87 corridor provides access to major routes and supports operations requiring deliveries, warehouse space, administrative areas, or contractor-oriented storage.
Key Highlights
- 14,950 square feet of total building area on 1.5 acres
- Planned 1,816‑square‑foot office or retail component
- 7 private offices, conference room, reception area, two bathrooms, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,527
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,540
$4.1M
Cap Rate 7%
$2,921,814
$2.9M
Cap Rate 9%
$2,272,522
$2.3M
Market Conditions
NOI Build-Up for 14,950 SF
Gross rent
$260.1K $17.40/SF
− Vacancy
−$19.5K −$1.31/SF
EGI
$240.6K $16.10/SF
− OpEx
−$36.1K −$2.41/SF
NOI
$204.5K $13.68/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,540
Cap Rate 7%
$2,921,814
Cap Rate 9%
$2,272,522
Alternative Uses
Best Use
Warehouse
$2.92M
$2.56M – $3.41M
NOI $204,527 @ 7.0% cap · market cap 9.12%
Second Best
Industrial
$2.41M
$2.11M – $2.81M
NOI $168,434 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,826 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- PJ's Catering from the Heart — 319 82nd St, Lubbock, TX 79404
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combining warehouse capacity, planned office space, overhead loading, and a secured outdoor yard.
Where is this flex space located?
The property is located at 9210 Highway 87 Lubbock, TX.
What is the asking price?
The asking price for this property is $2,242,500.
What are key features of this property?
This property features: 14,950 square feet of total building area on 1.5 acres; Planned 1,816‑square‑foot office or retail component; 7 private offices, conference room, reception area, two bathrooms, and kitchenette
