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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2109 N Frankford Ave Lubbock, TX 79416

    • Commercial real estate
    • 11.41 lot acres
    For Sale
    View listing
    $625,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3160646
    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 real estate

    Property Details for 2109 N Frankford Ave

    Lot size
    11.41 lot acres
    Property type
    Commercial real estate
    APN
    R38917

    Description

    This exceptional 11.41-acre industrial land parcel presents a remarkable investment opportunity in Lubbock, Texas. Located at 2109 N Frankford Ave, this property boasts a prime corner location with significant frontage on Frankford Avenue, offering excellent visibility and accessibility. The property is zoned SF-2, providing flexibility for a variety of potential industrial developments. The land includes existing improvements, such as a house and barn, adding potential value or providing temporary on-site accommodations. A well is also present on the property, offering a potential water source. The APN is R38917. This substantial acreage provides ample space for a wide range of industrial projects, making it an ideal site for businesses seeking expansion or new development in a thriving Texas market. The asking price for this strategically located property is $700,000. This is a rare opportunity to acquire a significant land holding in a desirable area of Lubbock County, Texas, with the 79416 zip code. The property's size and location make it a compelling investment for both short-term and long-term growth. Serious inquiries are encouraged.

    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
    -101.9402675
    Latitude
    33.6210968

    Comparable in this City

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      Versatile Office and Warehouse Facility

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    • $999,999
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      Three Warehouse Buildings on 10-Acres

      Three warehouses totaling 19,300 sqft on over 10 acres.
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      Versatile Lubbock Property with Warehouse

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    Similar Nearby for Sale

    • Contact for pricing
      3,700 SF

      Versatile Property with Warehouse Space

      Spacious property with warehouse, flexible usage, near Reese Center.
      910 N County Road 1300, Lubbock, TX 79416
      View Details
    • $1,842,540
      17,548 SF

      Prime Lubbock Industrial Property

      17,548 SF Flex Space - $105/SF
      0 County Road 1350, Lubbock, TX 79416
      View Details
    • $350,000
      8,450 SF

      Versatile Buildings on Large Lot

      Four buildings on 1.48 acres near Clovis Road.
      2309 N Frankford Ave, Lubbock, TX 79416
      View Details
    • $1,995,000
      24,800 SF

      Versatile Office and Warehouse Facility

      24,800 SF office and warehouse with secure yard.
      3900-3908 N Frankford Ave, Lubbock, TX 79416
      View Details
    • $999,999
      19,300 SF

      Three Warehouse Buildings on 10-Acres

      Three warehouses totaling 19,300 sqft on over 10 acres.
      2769 N Frankford Ave, Lubbock, TX 79416
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    • $550,000
      11,400 SF

      Versatile Lubbock Property with Warehouse

      4.625-acre property with office, warehouse, and ag barn.
      510 Valencia Ave, Lubbock, TX 79416
      View Details

    Similar Nearby for Lease

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      Prime Lubbock Commercial Land

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      Prime Lubbock Retail Pad Sites

      Development-ready pads near United Supermarket
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    2109 N Frankford Ave
    Lubbock, TX 79416
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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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