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    11010 Slide Rd Lubbock, TX 79424
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    11010 Slide Rd, Lubbock, TX 79424

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    • Shopping centers
    For Lease
    $28 SF/Yr
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    New Shopping Center in Lubbock For Lease
    $28 SF/Yr

    New Shopping Center in Lubbock

    New shopping center in booming south Lubbock near 114th & Slide.

    11010 Slide Rd, Lubbock, TX 79424
    View Listing
    Property ID
    US82-5117810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prime IV Hydration & Wellness - South Lubbock / Alternative Medicine Practice / Spa & Massage Center
    • Woodhouse Spa - Lubbock / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 11010 Slide Rd

    Year built
    2022
    Property type
    Shopping centers
    Property subtype
    Commercial real estate

    Description

    This beautiful, brand-new shopping center is located in booming south Lubbock near the popular corner of 114th & Slide: • This center is directly across the street from the new UMC Health & Wellness Center • Center is anchored by Woodhouse Day Spa & Summer Moon Coffee

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9227621
    Latitude
    33.4937146

    Comparable in this City

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      2,093 SF

      Retail Space Near 98th & Quaker

      Retail space with excellent exposure near major landmarks.
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    • $28 SF/Yr

      New Shopping Center in Lubbock

      Brand-new shopping center in booming south Lubbock near 114th & Slide.
      11010 Slide Rd, Lubbock, TX 79424
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      Retail Center Near Walmart

      Retail spaces available in Lubbock near national retailers.
      6301 82Nd St, Lubbock, TX 79424
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      Retail Center Near Walmart

      30,000 SF retail center in booming southwest Lubbock.
      6301 82Nd St, Lubbock, TX 79424
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      Class A Office Development

      Modern office space in Lubbock's growing south corridor.
      11413 Slide Rd, Lubbock, TX 79424
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      25,560 SF

      Lubbock Retail Center For Sale

      25,560 SF retail center in a high-traffic Lubbock location.
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      Retail Center Development Opportunity

      Retail center site in high-growth South Lubbock corridor.
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      4,667 SF

      New Construction Office Building

      New construction office building in a rapidly growing business corridor.
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      Commercial Retail Property with Warehouse

      Well-maintained commercial property with warehouse, offices, and fenced stackyard.
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      1,800 SF

      Office/Retail Property on 69th Street

      1,800 sq ft office/retail property suitable for various uses.
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      2,200 SF

      Retail Space on Quaker Avenue

      Retail space available for sale on Quaker Avenue.
      11901 Quaker Ave, Lubbock, TX 79424
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    Similar Nearby for Lease

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      1,855 SF

      Lubbock Retail/Office Space Available

      Prime location retail/office space available for immediate occupancy.
      6023 82Nd St, Lubbock, TX 79424
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      2,093 SF

      Retail Space Near 98th & Quaker

      Retail space with excellent exposure near major landmarks.
      4505 98Th St, Lubbock, TX 79424
      View Details
    • $28 SF/Yr

      New Shopping Center in Lubbock

      Brand-new shopping center in booming south Lubbock near 114th & Slide.
      11010 Slide Rd, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      Retail spaces available in Lubbock near national retailers.
      6301 82Nd St, Lubbock, TX 79424
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      Retail Center Near Walmart

      30,000 SF retail center in booming southwest Lubbock.
      6301 82Nd St, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Class A Office Development

      Modern office space in Lubbock's growing south corridor.
      11413 Slide Rd, Lubbock, TX 79424
      View Details
    View Listing
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    Lubbock, TX 79424
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    11010 Slide Rd, Lubbock, TX, 79424
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