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    12814 Private Rd Lubbock, TX 79423

    For Sale
    $765,000

    9,000 SF Warehouse, 1.18% Cap Rate

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This Lubbock County, Texas industrial property offers a compelling investment opportunity. Priced at $765,000, this 9,000 square foot Class C warehouse sits on 1.3 acres and boasts a 1.18% cap rate with a current NOI of $9,000. The property comprises two buildings: a 5,000 square foot structure built in 2003 and a 4,000 square foot addition completed in 2013. Both buildings are currently 100% occupied under leases expiring in May 2025, generating a monthly income of $10,500 per owner reporting. Features include a durable metal roof, strategically placed skylights for natural illumination, and utilities including electricity and natural gas. Ample parking is available. The property is conveniently located off I-27/Highway 87 in Lubbock, TX, zip code 79423, at 12814 Private Rd 2480, offering easy access and visibility. The property is zoned for County use and presents potential for diverse operational needs and expansion. Annual property taxes and insurance are approximately $15,000. This owner-user investment presents a strong return on investment with potential for future growth.

    Property Features for 12814 Private Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    9,000 SF
    Class
    C

    Building Details

    Stories
    1

    HighLights

    • $765,000 Lubbock County, TX industrial property offering a 1.18% cap rate.
    • 9,000 SF Class C warehouse on 1.3 acres with $9,000 NOI.
    • Two buildings: 5,000 SF (2003) and 4,000 SF (2013) additions, currently 100% occupied.
    • Leases expire May 2025, generating $10,500 monthly income.
    • Features include metal roof, skylights, ample parking, and easy I‑27/Highway 87 access in Lubbock, TX 79423.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8204181
    Latitude
    33.4778303

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    FAQs

    What type of property is this?
    Distribution property - 9,000 SF Warehouse, 1.18% Cap Rate
    Where is this distribution property located?
    The property is located at 12814 Private Rd Lubbock, TX.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: $765,000 Lubbock County, TX industrial property offering a 1.18% cap rate.; 9,000 SF Class C warehouse on 1.3 acres with $9,000 NOI.; Two buildings: 5,000 SF (2003) and 4,000 SF (2013) additions, currently 100% occupied.
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    12814 Private Rd Lubbock, TX 79423
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    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
    12814 Private Rd Lubbock, TX 79423
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