Property profile

1331 E 19Th St Lubbock, TX 79403

FOR SALE
Warehouses
Property ID
US83-4184975
21,775 SF 0.82 ac lot Built 1961
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 36,655-square-foot distribution warehouse in Lubbock, Texas, presents a compelling investment opportunity at an asking price of $525,000. Situated on a 1.86-acre lot, this industrial property is zoned Heavy Commercial (HC), offering significant flexibility for various uses. The building boasts four distinct warehouse sections and a substantial office area, catering to diverse operational needs. Convenient access is provided by a dock-high loading area on the south/southwest end and two grade-level doors leading to a fenced stack lot on the east side. Ample off-street parking is available for both employees and customers. The property features high ceilings, enhancing storage and operational efficiency. While the roof requires replacement, this presents a unique opportunity for the buyer to customize the roofing system to their specific requirements. The reduced asking price reflects the need for roof replacement, allowing for significant cost savings and customization. This prime location in Lubbock, Texas, at 1331 E 19th St, zip code 79403, offers excellent accessibility and visibility. Don't miss this chance to acquire a well-positioned distribution center in a thriving Texas market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1961
Total area 21,775 SF
Lot 0.82 ac (35,725 SF)
Zoning code 38
APN R65524
UPID US83-4184975

Cap rate & NOI

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

Location

1331 E 19Th St Lubbock, TX 79403
Lubbock metro Census 1000 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$500k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

38 · Lubbock, TX

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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