Fenced Flex Space with Industrial
New
For Sale
$1,300,000
9925 U.S 82, Wolfforth, TX 79382
Fenced commercial compound with multiple shop buildings, climate-controlled office space, heavy-duty yard areas, and semi-truck access.
Property Size9,550 SF
Lot Size4.00 Acres
Price / SF$136.13
Days on Market4
Property Features for 9925 U.S 82
General Information
Standard status
Active
Size
9,550 SF
Lot size
4.00 Acres
Property subtype
IND, OFC
Zoning
Unrestricted
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Office Build-Out
800 SF
Three-Phase Power
Yes
Building Details
Buildings
5
Listing Agency:
KW Commercial Lubbock
Listed By:
Jeremy Steen · License #685530
(806) 392-0578
Source:
Realnex
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Lubbock
Investment Insights
Based on property information with market context.
This flex-space compound occupies 4 acres and includes five structures totaling approximately 9,550 SF, built between 2006 and 2014. Improvements include an 800 SF climate-controlled office with a restroom and four shop buildings ranging from 1,500 SF to 3,200 SF. Shop features include clear-span interiors, multiple roll-up doors, pedestrian access doors, and high-clearance access. Three-phase power is available on-site.
The property is fully enclosed with perimeter fencing and provides 217 feet of frontage along US Hwy 62-82. More than 1 acre includes stabilized road base and concrete, while the site extends 800 feet in depth. A 30-foot-wide entrance supports semi-truck ingress and egress. The property has no municipal zoning restrictions and is less than 1,800 feet from the future Loop 88 and Hwy 62-82 interchange.
The property is fully enclosed with perimeter fencing and provides 217 feet of frontage along US Hwy 62-82. More than 1 acre includes stabilized road base and concrete, while the site extends 800 feet in depth. A 30-foot-wide entrance supports semi-truck ingress and egress. The property has no municipal zoning restrictions and is less than 1,800 feet from the future Loop 88 and Hwy 62-82 interchange.
Key Highlights
- 4‑acre site with 217′ of frontage and 800′ of depth along US Hwy 62‑82
- Five structures totaling approximately 9,550 SF, built between 2006–2014
- Over 1 acre of stabilized road base and concrete pad space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,151,900
$2.2M
Cap Rate 7%
$1,537,071
$1.5M
Cap Rate 9%
$1,195,500
$1.2M
Market Conditions
NOI Build-Up for 9,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$166.2K $17.40/SF
− Vacancy
−$12.5K −$1.31/SF
EGI
$153.7K $16.10/SF
− OpEx
−$46.1K −$4.83/SF
NOI
$107.6K $11.27/SF
Area
Lubbock County, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,151,900
Cap Rate 7%
$1,537,071
Cap Rate 9%
$1,195,500
Alternative Uses
Best Use
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,651 @ 7.0% cap · market cap 10.05%
Second Best
Industrial
$1.54M
$1.34M – $1.79M
NOI $107,595 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,531 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79382, TX
8,449
Population
3,649
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
92%
High-School Grad
51.1 sq mi
ZIP Area
165
Density / Sq Mi
$80,625
Median Household Income
$47,419
Median Earnings
$1,349
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Brosky's Wood Fired Pizza — 611 n 5th st, wolfforth, tx 79382
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial compound with multiple shop buildings, climate-controlled office space, heavy-duty yard areas, and semi-truck access.
Where is this flex space located?
The property is located at 9925 U.S 82 Wolfforth, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4‑acre site with 217′ of frontage and 800′ of depth along US Hwy 62‑82; Five structures totaling approximately 9,550 SF, built between 2006–2014; Over 1 acre of stabilized road base and concrete pad space
