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    1717 Idalou Rd Lubbock, TX 79403
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    1717 Idalou Rd, Lubbock, TX 79403

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    • Churches & religious facilities
    • 3,207 SF
    For Sale
    $225,000
    View Listing →
    Church with High Visibility For Sale
    $225,000
    3,207 SF

    Church with High Visibility

    Church with seating for 250, full kitchen, and offices.

    1717 Idalou Rd, Lubbock, TX 79403
    View Listing
    Property ID
    US82-2446611
    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

    • Wesley Memorial Church of God / Church

    Property Details for 1717 Idalou Rd

    Property size
    3,207 SF
    Property type
    Churches & religious facilities
    Property subtype
    Commercial real estate

    Description

    * Church with great visibility * New roof in 2019 * Large restrooms * 3 private offices * Sanctuary can seat up to 250 people * Full kitchen, functional baptistry * Includes additional half acre tract to the east

    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
    -101.8167303
    Latitude
    33.5805226

    Comparable in this City

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      13,417 SF

      Lubbock Specialty Property for Sale

      13,417 SF specialty property on 1.67 acres available for purchase.
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      0.17 Acres

      Commercial Lot in Lubbock, TX

      Commercial lot suitable for various businesses or residential uses.
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      0.35 Acres

      Commercial Lot in Lubbock, TX

      High-visibility commercial lot with highway frontage near Lubbock and Idalou.
      3820 Idalou Rd, Lubbock, TX 79403
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    Similar Nearby for Sale

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      13,417 SF

      Lubbock Specialty Property for Sale

      13,417 SF specialty property on 1.67 acres available for purchase.
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      View Details
    • Contact for pricing
      0.31 Acres

      Lubbock, TX Land For Sale

      Land available in Lubbock, TX.
      802 Walnut Ave, Lubbock, TX 79403
      View Details
    • $195,000
      25,886 SF

      Unique Commercial Property in Lubbock

      Versatile commercial property with multiple wings and flexible spaces.
      1601 Vanda Ave, Lubbock, TX 79403
      View Details
    • Contact for pricing
      5,000 SF

      Commercial Property for Sale

      Commercial property available for sale in Lubbock, Texas.
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    • $4,325,000
      181,800 SF

      Lubbock Industrial Facility on 30 Acres

      181,800 SF industrial facility on 30 acres in Lubbock.
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      36,655 SF

      Distribution Warehouse with Office Space

      Distribution warehouse featuring office area, dock, and fenced lot.
      1331 East 19Th St, Lubbock, TX 79403
      View Details

    Similar Nearby for Lease

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      Parkway Drive Retail or Medical

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      Parkway Shopping Center Retail Opportunity

      Retail spaces available in high-traffic shopping center with flexible leasing.
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      Lubbock Business Park Industrial Facility

      Class A industrial space with warehouse and dock doors.
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      Cross Dock Facility For Sublease

      Cross dock facility with ideal distribution and logistics location.
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      86,665 SF

      Under Construction Class A Industrial

      Class A industrial space available for lease, completion mid-2026.
      202 Loop 289 NE, Lubbock, TX 79403
      View Details
    • $9 SF/Yr
      9,000 SF

      Cross Dock Facility For Sublease

      Cross dock facility with 23 dock spaces for sublease.
      128 E 13Th St, Lubbock, TX 79403
      View Details
    View Listing
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    Lubbock, TX 79403
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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.

    More about this property
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    1717 Idalou Rd, Lubbock, TX, 79403
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