12102 Geneva Ave Lubbock, TX 79423
- Industrial properties
- 9,278 SF
- 1.19 lot acres
Current Use by Public Records
- Heath Consultants / Association / Organization
Property Details for 12102 Geneva Ave
- Year built
- 2022
- Lot size
- 1.19 lot acres
- Property size
- 9,278 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
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.
Value Estimation
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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
- -101.887
- Latitude
- 33.4844
