Fenced Mixed-Use Industrial
For Sale
Contact for pricing
9210 U.S 87, Lubbock, TX 79423
Office and warehouse areas are supported by overhead loading doors and a fully fenced yard.
Property Size10,011 SF
Lot Size1.00 Acre
Price / SF$149.84
Days on Market63
Property Features for 9210 U.S 87
General Information
Standard status
Active
Size
10,011 SF
Lot size
1.00 Acre
Property subtype
Retail, Office, Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
1,630 SF
Building Details
Building Size
10,011 SF
Listing Agency:
Mcdougal Realtors
Listed By:
Mark Oatman · License #596269
(806) 543-8568
Source:
Crexi
Added: Sep 1
Changed: Oct 25
Last Checked: Nov 1 at 2:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use industrial property combines 10,011 square feet of building area with a 1-acre site. The interior includes 1,630 square feet of office space arranged with 8 private offices, a reception area, 2 bathrooms, and a kitchenette. Warehouse space provides 18-foot sidewalls and 2 overhead doors, supporting storage and material movement. The site also includes a fully fenced yard for outdoor storage or parking.
The property is located at 9210 U.S. 87 in Lubbock, between the city’s inner and outer loops. Its position along Highway 87 provides access to major routes and places the facility on a high-traffic corridor. The combination of office accommodation, warehouse improvements, loading access, and secured yard area creates a practical setting for operations requiring both administrative and industrial space.
The property is located at 9210 U.S. 87 in Lubbock, between the city’s inner and outer loops. Its position along Highway 87 provides access to major routes and places the facility on a high-traffic corridor. The combination of office accommodation, warehouse improvements, loading access, and secured yard area creates a practical setting for operations requiring both administrative and industrial space.
Key Highlights
- 10,011 square feet of total building area on 1 acre
- 1,630 square feet of office space with 8 private offices
- Warehouse includes 18‑foot sidewalls and 2 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,958
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,739,160
$2.7M
Cap Rate 7%
$1,956,543
$2.0M
Cap Rate 9%
$1,521,756
$1.5M
Market Conditions
NOI Build-Up for 10,011 SF
Gross rent
$174.2K $17.40/SF
− Vacancy
−$13.1K −$1.31/SF
EGI
$161.1K $16.10/SF
− OpEx
−$24.2K −$2.41/SF
NOI
$137.0K $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%
$2,739,160
Cap Rate 7%
$1,956,543
Cap Rate 9%
$1,521,756
Alternative Uses
Best Use
Warehouse
$1.96M
$1.71M – $2.28M
NOI $136,958 @ 7.0% cap · market cap 9.13%
Second Best
Mixed Use
$1.88M
$1.65M – $2.20M
NOI $131,770 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,666 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse areas are supported by overhead loading doors and a fully fenced yard.
Where is this mixed-use property located?
The property is located at 9210 U.S 87 Lubbock, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,011 square feet of total building area on 1 acre; 1,630 square feet of office space with 8 private offices; Warehouse includes 18‑foot sidewalls and 2 overhead doors
