Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7314 73Rd St Lubbock, TX 79424

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7314 73Rd St Lubbock, TX 79424

    View on Map
    • Industrial properties
    • 3,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lubbock Roofer / Roofing Company / General Contractor
    • Gate Services of Lubbock / General Contractor / Construction Company
    • Madewell Construction Inc / Construction Company

    Property Details for 7314 73Rd St

    Property size
    3,000 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 3,000 square foot flex space in Lubbock, Texas, presents a compelling investment opportunity for both owner-occupiers and investors. Strategically located off Marsha Sharp Freeway and Upland Avenue, this property boasts a versatile layout ideal for a variety of businesses. The front section features a climate-controlled office area encompassing nine individual offices, a spacious conference room, and an upstairs area suitable for additional office space or storage. The rear of the building offers approximately 2,000 square feet of warehouse space, complete with a spray-foamed ceiling and convenient 10-foot roll-up doors. The property's adaptability extends to the potential for increased warehouse space; some interior walls can be easily removed to create a more expansive layout. Ample parking is available in the front, complemented by a sizable side lot encompassing a half-acre fenced stack yard. The asking price is $625,000, translating to $208.33 per square foot. This property's combination of office and warehouse space, prime location, and flexible design makes it a truly unique offering in the Lubbock market. The address is 7314 73rd St, Lubbock, TX 79424.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.977
    Latitude
    33.5274

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      7703 69Th St

      Flex space • 6,000 SF
      7703 69Th St, Lubbock, TX 79424
      View Details
    • Value Estimation by Request
      5,000 SF

      7705 69Th St

      Flex space • 5,000 SF
      7705 69Th St, Lubbock, TX 79424
      View Details
    • Value Estimation by Request

      8008 Pontiac Ave

      Manufacturing properties
      8008 Pontiac Ave, Lubbock, TX 79424
      View Details
    • Value Estimation
      $795,000
      24,750 SF

      9801 Frankford Ave

      LIGHT INDUSTRIAL • 24,750 SF
      9801 Frankford Ave, Lubbock, TX 79424
      View Details
    • Value Estimation
      $845,000
      59,441 SF

      5929 Woodrow Rd, Unit B

      LIGHT INDUSTRIAL • 59,441 SF
      5929 Woodrow Rd, Lubbock, TX 79424-6413
      View Details
    • Value Estimation by Request
      3.02 Acres

      6050 50Th St

      Land • 3.02 Acres
      6050 50Th St, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

    • $695,000
      8,474 SF

      Lubbock Office/Warehouse with Fenced Yard

      Versatile office/warehouse with fenced yard in South Lubbock.
      8810 Urbana Ave, Lubbock, TX 79424
      View Details
    • $695,000

      Lubbock Office/Warehouse Flex Space

      Versatile 8,474 SF office/warehouse in South Lubbock.
      8810 Urbana Ave, Lubbock, TX 79424
      View Details
    • $499,999
      4,961 SF

      Lubbock Warehouse for Sale

      Warehouse property in Lubbock, Texas, with lease-up potential.
      7412 82Nd St, Lubbock, TX 79424
      View Details
    • $650,000
      4,684 SF

      Commercial Retail Property with Warehouse

      Well-maintained commercial property with warehouse, offices, and fenced stackyard.
      5929 50Th St, Lubbock, TX 79424
      View Details
    • $4,500,000
      39,970 SF

      Versatile Lubbock Commercial Facility

      40,000 sq. ft. facility on 2+ acres near Loop 88.
      5505 132Nd St, Lubbock, TX 79424
      View Details
    • Contact for pricing
      3,358 SF

      Office/Warehouse Space For Sale

      3358 SF office/warehouse located south of 82nd Street.
      8349 Upland Ave, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space Available

      Adaptable commercial space suitable for diverse business operations.
      8006 Pontiac Ave, Lubbock, TX 79424
      View Details
    • $14 SF/Yr
      4,000 SF

      Flex Space on Frankford Avenue

      Flex space with excellent visibility and ample parking available for rent.
      5044 Frankford Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      Adaptable commercial space suitable for diverse business operations.
      8008 Pontiac Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing
      7,346 SF

      Flexible Office/Industrial Space Available

      7,346 SF flexible space near Woodrow Road and Quaker Avenue.
      4505 Woodrow Rd, Lubbock, TX 79424
      View Details
    • $10 SF/Yr
      8,000 SF

      Lubbock Industrial Flex Space

      8,000 SF Flex Space in Lubbock, TX
      5614 126Th St, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Office Warehouse Property For Sale

      Office warehouse property featuring long-term tenants.
      5811 63Rd St, Lubbock, TX 79424
      View Details
    Request Owner's contact information
    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.
    7314 73Rd St
    Lubbock, TX 79424
    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
    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

    Thank You for Inquiry

    7314 73Rd St, Lubbock, TX, 79424

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!