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    Industrial properties

    12102 Geneva Ave, Lubbock, TX 79423

    9,278 SF 1.19 ac lot Built 2022
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9,278 square foot Class A flex space property, built in 2022, presents a compelling investment opportunity in Lubbock, Texas. Located on a 1.19-acre lot (APN R301578) and zoned LI (Light Industrial), this single-story building offers significant potential. The property boasts a strong 9.28% cap rate and a net operating income (NOI) of $129,453, with an asking price of $1,395,000 ($150.36/sq ft). Currently comprised of two leased units, it's ideally suited for multi-tenant occupancy or owner-occupancy. Its prime South Lubbock location and versatile design cater to a variety of industrial and flex space needs. High-quality construction ensures durability and low maintenance costs. This property represents a rare opportunity to acquire a modern, high-performing asset in a thriving Texas market. The property address is 12102 Geneva Ave, Lubbock, TX 79423.

    Property profile
    Verified
    Property type Industrial properties
    Year built 2022
    Total area 9,278 SF
    Lot 1.19 ac (51,836 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Heath Consultants Association / Organization
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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