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Property profile & analytics
OFF-MARKET
Warehouses

1207 Farm To Market Rd 1585 Lubbock, TX 79423

10,750 SF 2.2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Total area 10,750 SF
Lot 2.2 ac (95,832 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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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