Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12523 N Fm 1264 Lubbock, TX 79415

    • Land
    • 562.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3815536
    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.

    Current Use by Public Records

    • Land

    Property Details for 12523 N Fm 1264

    Lot size
    562.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.873
    Latitude
    33.726

    Comparable in this City

    • Value Estimation by Request
      8.65 Acres

      5521 County Road 2000

      Land • 8.65 Acres
      5521 County Road 2000, Lubbock, TX 79415
      View Details
    • Value Estimation by Request
      15.81 Acres

      1101 Memphis Ave

      Land • 15.81 Acres
      1101 Memphis Ave, Lubbock, TX 79415
      View Details
    • Value Estimation by Request
      5.94 Acres

      5521 County Road 2000

      Land • 5.94 Acres
      5521 County Road 2000, Lubbock, TX 79415
      View Details
    • Value Estimation by Request
      12.01 Acres

      5521 County Road 2000

      Land • 12.01 Acres
      5521 County Road 2000, Lubbock, TX 79415
      View Details
    • Value Estimation by Request
      12.40 Acres

      2318 University Ave

      Land • 12.40 Acres
      2318 University Ave, Lubbock, TX 79415
      View Details
    • Value Estimation by Request
      5.49 Acres

      Quaker Ave

      Land • 5.49 Acres
      0 Quaker Ave, Lubbock, TX 79415
      View Details

    Similar Nearby for Sale

    • $2,700,000
      Pending

      600 Acres Flexible-Use Land

      600 acres in North Lubbock suitable for agriculture/development.
      5104 County Road 6100, Lubbock, TX 79415
      View Details
    • $299,000
      4.00 Acres

      Lubbock Land with Lake View

      Unique 4-acre property with lake views, ideal for development.
      2610 Cesar E Chavez Dr, Lubbock, TX 79415
      View Details
    • Contact for pricing

      Prime Land Tracts Available

      Land tracts available for sale with subdivision options.
      4101 Adrian St, Lubbock, TX 79415
      View Details
    • $2,198,909

      Land with Office Building

      6.5 acres near downtown with a 5,305 sqft office.
      221 Avenue N, Lubbock, TX 79415
      View Details
    • Contact for pricing

      Lubbock Land For Sale

      25 acres of land available in Lubbock, Texas.
      4101 Adrian St, Lubbock, TX 79415
      View Details
    • $70,000
      10.03 Acres

      Lubbock, TX 10-Acre Land

      10-acre tract of land with I-27 access in Lubbock, TX.
      14013 N County Road 2300, Lubbock, TX 79415
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lubbock Land for Lease

      Land available for lease in Lubbock, Texas.
      2002 N University Ave, Lubbock, TX 79415
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space Near Texas Tech

      Retail space for lease near Texas Tech University.
      1311 University Ave, Lubbock, TX 79415
      View Details
    • $8 SF/Yr

      Prime Retail/Office Space Available

      Remodeled commercial space near Texas Tech, ideal for retail/office.
      309 N University Ave, Lubbock, TX 79415
      View Details
    • Contact for pricing
      2,000 SF

      Retail Spaces Near Texas Tech

      Retail and restaurant spaces available near Texas Tech University.
      413 University Ave, Lubbock, TX 79415
      View Details
    • Contact for pricing

      Light Industrial Retail Property

      Light industrial retail property with showroom and loading dock.
      2316 Clovis Rd, Lubbock, TX 79415
      View Details
    • $8 SF/Yr
      4,175 SF

      Lubbock Commercial Space Near Tech

      Commercial lease space near Texas Tech University, Lubbock, Texas.
      2603 University Ave, Lubbock, TX 79415
      View Details
    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.
    12523 N Fm 1264
    Lubbock, TX 79415
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!