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    3207 118Th St Lubbock, TX 79423

    For Sale
    $875,000

    New 6,087 SF Flex Space in Lubbock, TX

    Property size:
    6,087 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional new construction industrial flex space, completed in 2024, presents a unique investment opportunity in Lubbock, Texas. Located at 3207 118th St, Lubbock County, TX 79423, this 6,087 square foot building sits on a 0.6-acre lot and is zoned for Heavy Commercial use (HC). The property boasts a strategic location, offering easy access to key transportation routes. The interior layout is designed for optimal functionality, featuring six private offices, a dedicated conference room, and ample workspace to accommodate diverse business needs. Two 12x12 overhead doors provide convenient access for loading and unloading, enhancing operational efficiency. Separate restrooms are provided for warehouse and office areas. The asking price is $875,000, translating to $143.75 per square foot. This represents a compelling value proposition for businesses seeking a modern, well-equipped facility in a thriving Texas market. The property's new construction status ensures modern amenities and minimal maintenance requirements, making it an attractive option for long-term investment and operational success. This turnkey solution is ready for immediate occupancy.

    Property Features for 3207 118Th St

    General Information

    Property type
    Flex space
    Square Feet
    6,087 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    2024

    HighLights

    • $875,000 asking price for this 6,087 SF industrial flex space.
    • New construction completed in 2024.
    • Located on 0.6 acres in Lubbock, TX, zoned Heavy Commercial (HC).
    • Features six private offices, a conference room, and two 12x12 overhead doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8835851
    Latitude
    33.4862751

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    FAQs

    What type of property is this?
    Flex space - New 6,087 SF Flex Space in Lubbock, TX
    Where is this flex space located?
    The property is located at 3207 118Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: $875,000 asking price for this 6,087 SF industrial flex space.; New construction completed in 2024.; Located on 0.6 acres in Lubbock, TX, zoned Heavy Commercial (HC).
    Request Owner's contact information
    3207 118Th St Lubbock, TX 79423
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    Realmo Value Estimation

    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.

    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.

    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
    3207 118Th St Lubbock, TX 79423
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