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    12811 Indiana Ave Lubbock, TX 79423

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    12811 Indiana Ave Lubbock, TX 79423

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    • Strip malls
    • 8,000 SF
    • 0.75 lot acres
    For Lease
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    Retail Space Near United Supermarkets For Lease
    Contact for pricing

    Retail Space Near United Supermarkets

    End-cap retail space in a rapidly expanding Lubbock area.

    12811 Indiana Ave, Lubbock, TX 79423
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    Property ID
    US83-0216426
    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

    • Bnails - Non Toxic Nail Salon / Nail Salon
    • Great Clips / Hair Salon
    • HOTWORX - Lubbock, TX (South Indiana) / Gym & Fitness Center

    Property Details for 12811 Indiana Ave

    Year built
    2019
    Lot size
    0.75 lot acres
    Property size
    8,000 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    R329457
    APU
    R329457

    Description

    This exceptional Class A retail space, totaling 2,552 square feet, is situated in a thriving South Lubbock location. Part of a larger, newly constructed (2021) retail center, this end-cap unit benefits from its adjacency to a United Supermarkets. The entire center encompasses 6,904 square feet, divided into four suites. The property boasts ample parking with approximately 600 spaces available for customers and tenants. The building is single-story, offering convenient access and visibility. This outparcel is zoned AC - Auto-Urban Commercial, allowing for a variety of retail or restaurant uses. The address is 12811 Indiana Ave, Lubbock, TX 79423, conveniently located at the intersection of Loop 88 and Indiana Ave, within a rapidly growing residential and retail area. The minimum divisible space is 2,552 square feet, and the maximum contiguous space available is also 2,552 square feet. This presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic in a dynamic market. The property's strategic location and proximity to a major grocery anchor make it an ideal investment for a variety of retail concepts.

    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
    -101.886
    Latitude
    33.478
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,199
    $229,369
    $974,548
    $1,203,917
    -
    $229,369
    $974,548
    $1,203,917

    Comparable in this City

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    • Value Estimation by Request
      6,300 SF

      13404 Indiana Ave

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      18,661 SF

      3402 73rd St

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      3310 82nd St

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      7301 University Ave

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      7301 University Ave, Lubbock, TX 79423-1464
      View Details
    • Value Estimation
      $620,000
      10,890 SF

      12406 Indiana Ave

      SHOPPING CENTER, STRIP CENTER • 10,890 SF
      12406 Indiana Ave, Lubbock, TX 79423-5788
      View Details

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      Lubbock Applebee's NNN Investment Opportunity

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    Similar Nearby for Lease

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      Retail Space in New Center

      Newly constructed retail space available for lease in Lubbock.
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      Retail Space in Melonie Square

      Retail space available in a busy shopping center.
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      Premier Retail Destination in Lubbock

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      New Retail Space in Lubbock

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      Office Space in Kingsgate Center

      Office spaces available in South Lubbock's Kingsgate Shopping Center.
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    Lubbock, TX 79423
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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.

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    12811 Indiana Ave, Lubbock, TX, 79423
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