Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    114Th St Lubbock, TX 79404
    Back to Search
    Property profile & analytics

    114Th St Lubbock, TX 79404

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 114Th St

    Lot size
    1.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional opportunity presents one to 1.07 acres of commercial/industrial land in Lubbock, Texas, situated within a new industrial park development in Southeast Lubbock. The property boasts prime frontage on E 114th St and County Road 2500, offering unparalleled access to major transportation arteries. I-27 is conveniently located just one mile away, and Slaton Hwy is a short 2.5-mile drive, making this location perfect for logistics and transportation companies. Lots are available for individual purchase, providing ample space for establishing operations. A build-to-suit option is also available for lease or purchase, allowing businesses to tailor their facilities to specific needs. The property is located outside city limits and features a well and septic system. This development offers competitive pricing, making it an attractive option for businesses seeking affordable and accessible industrial space in the Lubbock area. The asking price for this particular lot is $99,999. Don't miss this chance to secure your place in this thriving industrial park. The property is located in Lubbock County, Texas, with a zip code of 79404.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.826
    Latitude
    33.4908

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      10717 Hwy 87 Frd

      Farms • 5.00 Acres
      10717 Hwy 87 Frd, Lubbock, TX 79404
      View Details
    • Value Estimation by Request
      2.00 Acres

      502 98Th St

      Farms • 2.00 Acres
      502 98Th St, Lubbock, TX 79404
      View Details
    • Value Estimation by Request
      2.00 Acres

      10715 Hwy 87 Frd

      Farms • 2.00 Acres
      10715 Hwy 87 Frd, Lubbock, TX 79404
      View Details
    • Value Estimation by Request
      2.31 Acres

      7404 County Road 2500

      Land • 2.31 Acres
      7404 County Road 2500, Lubbock, TX 79404
      View Details
    • Value Estimation by Request
      5.00 Acres

      504 98Th St

      Farms • 5.00 Acres
      504 98Th St, Lubbock, TX 79404
      View Details
    • Value Estimation by Request
      17.69 Acres

      602 82Nd St

      Land • 17.69 Acres
      602 82Nd St, Lubbock, TX 79404
      View Details

    Similar Nearby for Sale

    • $924,000
      1.00 Acre

      712 County Road 7300, Lubbock, TX 79404

      Industrial properties • 1.00 Acre
      712 County Road 7300, Lubbock, TX 79404
      View Details
    • Contact for pricing
      30,300 SF

      Industrial Investment Opportunity on Loop

      Dual-building industrial asset with high visibility and NNN lease.
      708 Loop 289 SE, Lubbock, TX 79404
      View Details
    • Contact for pricing
      0.14 Acres

      Lubbock Land Lot For Sale

      Land lot for sale within Lubbock city limits.
      1326 E 25Th St, Lubbock, TX 79404
      View Details
    • Contact for pricing
      0.20 Acres

      Vacant Lot For Sale Lubbock

      Vacant land available for sale in Lubbock, Texas.
      3701 Avenue E, Lubbock, TX 79404
      View Details
    • Contact for pricing
      21,700 SF

      Versatile Industrial Property in Lubbock

      21,700 SF industrial property on 2.9 acres for sale.
      3118 Slaton Rd, Lubbock, TX 79404
      View Details
    • Contact for pricing
      67,639 SF

      Lubbock Industrial/Manufacturing Facility For Sale

      Large industrial/manufacturing facility spanning 67,639 SF on 3.62 acres.
      707 Slaton Rd, Lubbock, TX 79404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Industrial Space Available

      Single tenant office and industrial space for lease.
      4414 Avenue A, Lubbock, TX 79404
      View Details
    • $10 SF/Yr

      New Industrial Development in Lubbock

      Customizable office warehouses with flexible options for sale or lease.
      10610 County Road 2500, Lubbock, TX 79404
      View Details
    • Contact for pricing

      Modern Office Warehouse Space

      2,000 sq ft office/warehouse in Southeast Lubbock.
      11602 County Road 2360, Lubbock, TX 79404
      View Details
    • $5,750 /Mo

      Versatile Property Near Interstate 27

      Retail, office, and service space with flexible layout.
      321 19Th St, Lubbock, TX 79404
      View Details
    • $1,550 /Mo
      6,400 SF

      Lubbock Flex Space For Rent

      Flex space with drive-through doors available for rent in Lubbock.
      8509 Ash Ave, Lubbock, TX 79404
      View Details
    • $3 SF/Yr
      4,600 SF

      Lubbock Industrial Park Warehouse Space

      Affordable industrial spaces near Downtown Lubbock with flexible layouts.
      2002-2520 Avenue A, Lubbock, TX 79404
      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.
    114Th St
    Lubbock, TX 79404
    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
    114Th St, Lubbock, TX, 79404
    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!