Property profile

5614 126Th St A-200 Lubbock, TX 79424

FOR LEASE
Warehouses
Property ID
US83-4005038
12,000 SF 5 ac lot Built 2016
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,000-square-foot flex space property presents a compelling investment opportunity in Lubbock, Texas. Situated conveniently outside the city limits on 126th Street, west of Chicago Avenue, this single-tenant industrial building offers a versatile layout ideal for a variety of businesses. The property boasts a well-balanced design, incorporating 1,600 square feet of modern office space and a substantial 6,400 square feet of warehouse area. The warehouse space is well-equipped for efficient operations, featuring four generously sized overhead doors, each measuring 14 feet wide by 12 feet high. This allows for easy loading and unloading of goods and equipment. The property's location in Lubbock County provides excellent access to major transportation routes, facilitating seamless logistics and distribution. The building's single-tenant occupancy ensures a streamlined management process and predictable income stream. This property is classified as an industrial flex space, catering to businesses requiring a blend of office and warehouse functionality. The property's address is 5614 126th Street A-100, Lubbock, TX 79424. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a growing market. The property's size and features make it suitable for a wide range of businesses seeking a functional and efficient workspace.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2016
Total area 12,000 SF
Lot 5 ac (217,800 SF)
Zoning code 19
APN R69021
UPID US83-4005038

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Physician
  • Nightclub Music Venue
  • Car Dealership
  • Sports Field & Court Construction Company
  • Gym & Fitness Center Sports Field & Court

Location

5614 126Th St, Unit A-200 Lubbock, TX 79424
Lubbock metro Census 10421 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$896k
Blend (final) Blend
$680k

Owner & transaction history

since 2016
7 recorded transactions
2020
Price N/A
2020
Price N/A
2016
Price N/A
2015
Price N/A
2012
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

19 · Lubbock, TX
Top alternative use upside
Office building $1.1M +75.1%
Auto repair, garage $1.1M +67.1%
Commercial (general) $780,000 +23.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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