Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7624 Us Highway 84 Slaton, TX 79364

    Sponsored
    For Lease
    $12 SF/Yr ($5,000 /Mo)

    Modern warehouse with showroom & ample yard space.

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 5,000-square-foot warehouse, constructed in 2015, sits on a spacious 7-acre lot outside city limits. The property boasts a versatile layout, including a showroom/service/office area complete with central heating and air conditioning, and a restroom. Adjacent to this area is a warehouse featuring a 14-foot grade-level overhead door, a dedicated parts room, and an additional restroom. This warehouse space is separated from another warehouse section by a 12-foot grade-level overhead door. The second warehouse section offers three 14-foot-tall by 12-foot-wide grade-level insulated overhead doors. Both warehouse sections benefit from insulation for optimal climate control. Currently, two acres of the lot are fenced, providing a secure stack yard, with an additional five acres available to the west. The owner is open to discussions regarding fencing this additional area to expand the stack yard. To enhance safety and accessibility, TxDOT has approved the addition of three new entrances. Two will be located on the Slaton Highway (north) side, and one on the FM 1585/130th Street side. These improvements will significantly improve ingress and egress to the property. The property is zoned for outside city limits and is a single-tenant occupancy.

    Property Features for 7624 Us Highway 84

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    5000

    Building Details

    Year Built
    2015

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $12

    We can help!

    Listing Contact
    Jef Conn
    Jef Conn

    Learn more

    HighLights

    • 5,000 SF warehouse on a 7‑acre lot.
    • Single‑tenant occupancy.
    • Built in 2015; located outside city limits.
    • Features showroom/office space with HVAC, restrooms, and multiple grade‑level overhead doors (14' & 12').
    • Insulated warehouse space with a 2‑acre fenced stack yard, plus an additional 5 acres available for expansion.
    • Improved access with three new TxDOT‑approved entrances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Slaton
    County
    Lubbock
    State
    Texas
    Longitude
    -101.7023768
    Latitude
    33.4778417

    Nearby Comparable

    • $4,500 /Mo
      5,000 SF

      Versatile Warehouse and Showroom Space

      5,000 SF warehouse with showroom on 7 acres available.
      7624 E Slaton Hwy, Slaton, TX
      View Details
    • Contact for pricing
      1,500 SF

      Ransom Canyon Warehouse For Lease

      1,500 SF Warehouse on 2 Acres
      5111 Ransom Rd, Ransom Canyon, TX 79364
      View Details
    • $0.36 SF/Yr
      108,900 SF

      Slaton Land: US 84 & Borden St.

      Prime Industrial/Commercial Land
      1900 9Th St, Slaton, TX 79364
      View Details
    • $9,999 /Mo
      6,000 SF

      Versatile Warehouse and Office Space

      6,000 sq ft building on 11.08 acres for lease.
      8801 Fm 3431, Lubbock, TX 79404
      View Details
    • $10 SF/Yr
      30,000 SF

      Lubbock County Warehouse Build-to-Suit

      Flexible Warehouse Space in Lubbock, TX
      8308 Peach Ave, Lubbock, TX 79404
      View Details
    • $10 SF/Yr
      6,000 SF

      Lubbock Industrial Warehouse For Sale/Lease

      New Construction, 6,000 sq ft Flex Space
      10610 County Road 2500, Lubbock, TX 79404
      View Details
    • $9 SF/Yr
      4,000 SF

      Insulated Warehouse Space For Lease

      Warehouse space with utilities included in Lubbock, Texas.
      2303 Private Road 7340, Lubbock, TX 79404
      View Details
    • $12 SF/Yr
      10,000 SF

      Modern Lubbock County Warehouse

      Brand new 10,000 sq ft warehouse for lease.
      409 County Road 7200, Lubbock, TX 79404
      View Details
    • $12 SF/Yr
      10,000 SF

      Lubbock Warehouse: 10,000 SF

      New Construction Warehouse for Lease
      313 County Road 7200, Lubbock, TX 79404
      View Details
    • $12 SF/Yr
      10,000 SF

      Modern Lubbock County Warehouse

      Brand new 10,000 sq ft warehouse for lease.
      311 County Road 7200, Lubbock, TX 79404
      View Details
    • $12 SF/Yr
      10,000 SF

      New Warehouse with Office Space

      10,000 SF warehouse with office space for lease.
      411 E County Road 7200, Lubbock, TX 79404
      View Details

    Nearby Similar for Lease

    • $4,500 /Mo
      5,000 SF

      Versatile Warehouse and Showroom Space

      5,000 SF warehouse with showroom on 7 acres available.
      7624 E Slaton Hwy, Slaton, TX
      View Details

    FAQs

    What type of property is this?
    Distribution property - Modern warehouse with showroom & ample yard space.
    Where is this distribution property located?
    The property is located at 7624 Us Highway 84 Slaton, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF warehouse on a 7-acre lot.; Single-tenant occupancy.; Built in 2015; located outside city limits.
    Request Owner's contact information
    7624 Us Highway 84 Slaton, TX 79364
    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.
    7624 Us Highway 84
    Slaton, TX 79364
    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
    7624 Us Highway 84 Slaton, TX 79364
    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

    We can help!
    Listing Contact
    Jef Conn
    Jef Conn
    Real Estate License ID: TX
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.