1207 Farm To Market Rd 1585 Lubbock, TX 79423
Exceptional investment opportunity in Lubbock, Texas. This property features three buildings totaling 10,750 square feet on a 2.2-acre lot at 1207 East Farm to Market Road 1585 Unit A, Lubbock, TX 79423. The main building boasts 6,000 square feet, including 4,800 square feet of shop space and 1,200 square feet of office/apartment space. A second building offers an additional 4,000 square feet of shop space. A smaller, 750-square-foot building is currently leased month-to-month for $800 per month. The larger buildings, constructed in 2021, are insulated, heated, and air-conditioned. The property is classified as Class A and is currently vacant, excluding the smaller building's tenant. This is a rare opportunity to acquire a high-quality, newer industrial flex space in a desirable Lubbock County location. The asking price is $1,000,000, representing a price per square foot of $11.47. The property is zoned for industrial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.