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    5013 Clovis Rd Lubbock, TX 79416

    For Sale
    $1,400,000

    38,580 SF Warehouse, $1.4M, 3.39 Acres

    Property size:
    38,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 38,580-square-foot warehouse, situated on a generous 3.39-acre lot in Lubbock, Texas, presents a compelling investment opportunity. Located at 5013/5017 Clovis Highway, the property boasts a strategic location adjacent to the Stars & Stripes Drive-in. Built in 1966, the warehouse is zoned outside the city limits and features a fenced perimeter, accommodating mixed uses. Currently operating with multiple tenant leases (MTM), the property offers significant potential for increased rental income through re-management or conversion to single-tenant occupancy. The asking price is $1,400,000, translating to an attractive price per square foot of $35. The property's Assessed Parcel Numbers (APNs) are R151173, R67974, and R68004. This property's size, location, and potential for value enhancement make it an ideal acquisition for investors seeking a strong return on investment in the Lubbock, Texas market. The property's substantial size and flexible zoning provide ample room for expansion or adaptation to suit a variety of business needs. The existing tenant leases provide immediate cash flow, while the potential for increased rents or a single-tenant conversion offers significant upside. This is a rare opportunity to acquire a large warehouse property in a desirable location at a competitive price.

    Property Features for 5013 Clovis Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    38,580 SF
    Lot Size
    147,668 SF

    Building Details

    Year Built
    1966

    HighLights

    • 38,580 SF warehouse on a 3.39‑acre lot in Lubbock, TX.
    • Located at 5013/5017 Clovis Highway, adjacent to Stars & Stripes Drive‑in.
    • Zoned outside city limits, fenced, with mixed‑use potential.
    • Multi‑tenant lease in place, offering strong cash flow and upside potential for rent increases or single‑tenant conversion.
    • $1,400,000 asking price ($35/SF). APNs: R151173, R67974, R68004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Kitchen & Bath HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9276746
    Latitude
    33.6353236

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    FAQs

    What type of property is this?
    Distribution property - 38,580 SF Warehouse, $1.4M, 3.39 Acres
    Where is this distribution property located?
    The property is located at 5013 Clovis Rd Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 38,580 SF warehouse on a 3.39-acre lot in Lubbock, TX.; Located at 5013/5017 Clovis Highway, adjacent to Stars & Stripes Drive-in.; Zoned outside city limits, fenced, with mixed-use potential.
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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
    5013 Clovis Rd Lubbock, TX 79416
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