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

    12902 Indiana Ave Lubbock, TX 79423

    • Commercial land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9032619
    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

    • Commercial land

    Property Details for 12902 Indiana Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    1-acre lot available on the hard corner of Indiana Ave. and the new Loop 88 currently under construction. Convenient access to/from the service road and many surrounding retailers, elementary schools, and residential neighborhoods. Less than 3 miles from Interstate 27.

    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
    -101.887692
    Latitude
    33.47616

    Comparable in this City

    • $440,836
      0.85 Acres

      Retail Land on South University

      Retail tract of land in high-traffic area near restaurants.
      8902 University Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing
      4,000 SF

      Commercial Land Near High-Traffic Area

      Commercial land in a high-growth area, ideal for development.
      12105 Indiana Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing

      2.29 Acres Ready for Development

      2.29 acres for development on 103rd Street.
      3300 103Rd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Lubbock Land Investment Opportunity

      Land for sale in high-growth area near Loop 88.
      14401 Avenue P, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Lubbock Shovel-Ready Commercial Site

      Prime .74-acre site in Lubbock's thriving southern corridor.
      3711 114Th St, Lubbock, TX 79423
      View Details
    • $550,000

      Hard Corner Lot on Loop

      Prime commercial land with high visibility and development potential.
      3723 130Th St, Lubbock, TX 79423
      View Details

    Similar Nearby for Sale

    • $550,000

      Hard Corner Lot on Loop

      Prime development opportunity with high visibility and convenient access.
      3723 130Th St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Lubbock Commercial Land Opportunity

      Prime commercial land with frontage and proximity to future Loop.
      14202 Indiana Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing
      12 SF

      Lubbock Development Tract For Sale

      Hard-corner development tract in rapidly expanding south Lubbock region.
      146th St & Quaker Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Woodrow Road Development Opportunity

      3.929 acres on Woodrow Road near Loop 88.
      3510 Woodrow Rd, Lubbock, TX 79423
      View Details
    • $1,245,420

      Highway 87 Land Tracts

      Land tracts available in growing South Lubbock area.
      17302 Highway 87, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Lubbock Land Ready For Development

      Prime commercial land in growing south Lubbock near Loop 88.
      130 130Th St, Lubbock, TX 79423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Lots for Lease

      Corner commercial lots suitable for retail, restaurant, and QSR.
      114th St & Indiana Ave, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Land available for ground lease, build-to-suit, or purchase.
      122 122Nd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Prime Pad Site Redevelopment Opportunity

      High-traffic location at 82nd & University intersection.
      2514 82Nd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Corner Land Parcel For Lease

      Land parcel at prominent intersection in a growing area.
      130Th St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Premier Retail Destination in Lubbock

      High-traffic retail center with customizable spaces in vibrant community.
      4210 82Nd St, Lubbock, TX 79423
      View Details
    • Contact for pricing

      Office/Warehouse Units Available for Lease

      2,500 sq ft units with office and warehouse space.
      9205 Us Highway 87, Lubbock, TX 79423
      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.
    12902 Indiana Ave
    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

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