Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12309 County Road 2300 Lubbock, TX 79423

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12309 County Road 2300 Lubbock, TX 79423

    View on Map
    • Commercial real estate
    • 11,250 SF
    • 2.55 lot acres
    For Sale
    $1,149,000
    View Listing →
    New Multi-Tenant Investment Property For Sale
    $1,149,000
    11,250 SF

    New Multi-Tenant Investment Property

    Built in 2023, featuring nine 1,250 SF shops.

    12309 County Rd 2300, Lubbock, TX 79423
    View Listing
    Property ID
    US82-3949944
    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

    • Commercial real estate

    Property Details for 12309 County Road 2300

    Lot size
    2.55 lot acres
    Property size
    11,250 SF
    Property type
    Commercial real estate

    Description

    This exceptional 11,250-square-foot office building presents a compelling investment opportunity in Lubbock, Texas. Located at 12309 County Road 2300, this property boasts a prime location outside city limits, offering convenient access to all areas of Lubbock. The building is situated on a generous 2.548-acre lot, providing ample space for expansion or outdoor storage. Currently configured as a multi-tenant building, the property offers significant potential for future income generation. The asking price is $1,450,000, translating to a price per square foot of $128.89. The zoning designation is Outside City Limits. This traditional office building represents a rare opportunity to acquire a substantial property in a thriving market. The expansive lot size offers flexibility for future development, while the existing structure provides immediate income potential. The property's location in South Lubbock ensures easy access to major transportation routes and the wider Lubbock metropolitan area. This is an ideal investment for those seeking a strong return on investment in a stable and growing market. The property's size and location make it suitable for a variety of uses, offering significant potential for long-term growth and profitability. Serious inquiries are encouraged.

    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
    -101.852242
    Latitude
    33.482171

    Comparable in this City

    • Contact for pricing
      251 SF

      Lubbock Office Space Available

      Office space available for lease in Lubbock, Texas.
      2575 Loop 289 S, Lubbock, TX 79423
      View Details
    • Contact for pricing
      2,262 SF

      New Office Building in Lubbock

      Class A office building under construction, completion estimated Summer 2025.
      13918 Indiana Ave, Lubbock, TX 79423
      View Details
    • $999,000
      17,823 SF

      Industrial/Office Complex with Upscale Finishes

      Well-maintained industrial/office complex with flexible workspaces and high-clearance warehouse.
      10101 Us Highway 87, Lubbock, TX 79423
      View Details
    • $820,000

      Town South Office Building

      Office building with 18 tenants and redevelopment potential.
      3403 73Rd St, Lubbock, TX 79423
      View Details
    • Contact for pricing
      19,000 SF

      Lubbock Office Space For Sale

      Excellent office space in South Lubbock with expansion potential.
      2574 74Th St, Lubbock, TX 79423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      251 SF

      Lubbock Office Space Available

      Office space available for lease in Lubbock, Texas.
      2575 Loop 289 S, Lubbock, TX 79423
      View Details
    • Contact for pricing
      19,000 SF

      Lubbock Office Space For Sale

      Excellent office space in South Lubbock with expansion potential.
      2574 74Th St, Lubbock, TX 79423
      View Details
    • $2,000,000
      4,000 SF

      Office Space in Lubbock, TX

      4,000 square foot office space available for sale.
      12105 Indiana Ave, Lubbock, TX 79423
      View Details
    • $999,000
      17,823 SF

      Industrial/Office Complex with Upscale Finishes

      Well-maintained industrial/office complex with flexible workspaces and high-clearance warehouse.
      10101 Us Highway 87, Lubbock, TX 79423
      View Details
    • $1,100,000
      8,194 SF

      Lubbock Office Duplex For Sale

      Office duplex offering income and flexibility for owner or investor.
      3402 110Th St, Lubbock, TX 79423
      View Details
    • Contact for pricing
      9,010 SF

      Modern Office/Warehouse in Growing Area

      Modern, flexible office/warehouse space in South Lubbock's Four Fields.
      3205 118Th St, Lubbock, TX 79423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Space in Lubbock

      Modern office space built in 2019 in a growing area.
      2523 86Th St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Retail Space in Village Center

      Recently renovated retail center at a busy intersection.
      4414 82Nd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      3223 S Loop 289, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Lease space for office, retail, or service providers.
      8004 Indiana Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Modern Office Suites for Rent

      New garden-style office building with flexible lease terms.
      3204 140Th St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      New Construction Office/Warehouse Space

      New construction office/warehouse with truck well and expansion potential.
      11420 County Road 2220, Lubbock, TX 79423
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12309 County Road 2300
    Lubbock, TX 79423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    12309 County Road 2300, Lubbock, TX, 79423

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!