Property profile

12105 Indiana Ave Lubbock, TX 79423

FOR SALE
Specialty properties
Property ID
US82-2125283
4,000 SF 1.2 ac lot Built 2013
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,000 square foot medical office building, constructed in 2015, sits on a 1.195-acre lot (52,060 sq ft) in a prime South Lubbock location. The property boasts a Class C rating and is zoned C-3, offering flexibility for various professional uses. Previously utilized as a veterinary clinic, the spacious and adaptable interior allows for customization to suit specific needs. Situated near the intersection of 114th and Indiana Avenue, this high-traffic area benefits from a growing population and proximity to major retailers including Walmart, HEB, Academy, and Chick-fil-A, all within one mile. The property's strategic location is further enhanced by its proximity to Laura Bush Middle School, Hatton Place, and The Gates subdivisions, contributing to its strong visibility and accessibility. Utilities are readily available, with water accessible along the south side and sewer located approximately 345 feet west. Importantly, recent drainage improvements have removed the property from the floodplain. This vacant, NNN lease type property presents a compelling investment opportunity for owner-users seeking a modern, well-located office space in a thriving South Lubbock community. The building meets modern construction standards and offers a contemporary aesthetic, making it an attractive addition to any portfolio. The property's size and location make it ideal for a variety of medical or professional uses.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 2013
Total area 4,000 SF
Lot 1.2 ac (52,060 SF)
APN R301566
UPID US82-2125283

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic

Location

12105 Indiana Ave Lubbock, TX 79423
Lubbock metro Census 10512 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2023
Price N/A
2015
Price N/A
2015
Price N/A
2011
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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