Current Use by Public Records
- Warehouses
Property Details for 12814 Private Rd
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.82
- Latitude
- 33.4778
