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

    2900 Cr Lubbock, TX 79423

    • Distribution centers
    • 29,140 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6948762
    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

    • Distribution centers

    Property Details for 2900 Cr

    Year built
    2006
    Lot size
    10.00 lot acres
    Property size
    29,140 SF
    Zone code
    27
    Property type
    Distribution centers
    APN
    R150434
    APU
    R150434

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,410,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      Change: -17% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.748
    Latitude
    33.5957
    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
    $15,589
    $75,000
    $1,125,000
    $1,200,000
    -
    $75,000
    $1,125,000
    $1,200,000

    Comparable in this City

    • Value Estimation by Request
      110,000 SF

      9505 Us-87

      Distribution properties • 110,000 SF
      9505 Us-87, Lubbock, TX 79423
      View Details
    • Value Estimation by Request
      9,000 SF

      12814 Private Rd

      Distribution properties • 9,000 SF
      12814 Private Rd, Lubbock, TX 79423
      View Details
    • Value Estimation by Request
      10,750 SF

      1207 Farm To Market Rd 1585

      Distribution properties • 10,750 SF
      1207 Farm To Market Rd 1585, Lubbock, TX 79423
      View Details
    • Value Estimation by Request
      8,104 SF

      3203 118Th St

      Flex space • 8,104 SF
      3203 118Th St, Lubbock, TX 79423
      View Details
    • Value Estimation by Request
      4,000 SF

      1205 Farm To Market Rd

      Distribution properties • 4,000 SF
      1205 Farm To Market Rd, Lubbock, TX 79423
      View Details
    • Value Estimation by Request
      5,811 SF

      14202 Us-87

      Distribution properties • 5,811 SF
      14202 Us-87, Lubbock, TX 79423
      View Details

    Similar Nearby for Sale

    • $765,000
      9,000 SF

      Lubbock Industrial Property Investment

      9,000 SF Warehouse, 1.18% Cap Rate
      12814 Private Rd 2480, Lubbock, TX 79423
      View Details
    • Contact for pricing
      5,828 SF

      Lubbock Industrial Net Lease

      5,828 SF Warehouse, Excellent Tenant
      1627 County Road 7340, Lubbock, TX 79423
      View Details
    • $1,077,000
      5,828 SF

      Lubbock Industrial Investment Opportunity

      Newly built, fully occupied industrial building with long-term lease.
      1627 County Road 7340, Lubbock, TX 79423
      View Details
    • Contact for pricing
      39,970 SF

      Lubbock Warehouse with Office Space

      Warehouse with office, kitchen, and quick Loop 88 access.
      5505 132Nd St, Lubbock, TX 79423
      View Details
    • $875,000
      6,087 SF

      New Construction Warehouse with Offices

      New warehouse with offices, conference room, and overhead doors.
      3207 118Th St, Lubbock, TX 79423
      View Details
    • $225,000
      5,200 SF

      Versatile Industrial Shop/Hangar/Flex Space

      5200 SF property near Lubbock Executive Airpark.
      1813 E Private Road 7330, Lubbock, TX 79423
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      110,000 SF

      Lubbock Warehouse Space Available

      Industrial Units, 1500-2700 sqft
      9505 Us Highway 87, Lubbock, TX 79423
      View Details
    • Contact for pricing
      2,500 SF

      Lubbock Warehouse Space Available

      2,500 sq ft Industrial Warehouse Lease
      9205 Us Highway 87, Lubbock, TX 79423
      View Details
    • $60 SF/Yr

      Lubbock Warehouse/Office Space for Lease

      1,500 sq ft Retail Warehouse in Lubbock, TX
      11609 County Road 2300, Lubbock, TX 79423
      View Details
    • Contact for pricing
      2,500 SF

      Office/Warehouse Units For Lease

      2,500 sq ft office/warehouse units available for lease.
      9205 Us Highway 87, Lubbock, TX 79423
      View Details
    • $12 SF/Yr
      5,200 SF

      Modern Lubbock Office/Warehouse Facility

      Versatile office and warehouse space in South Lubbock.
      3204 118Th St, Lubbock, TX 79423
      View Details
    • $3,200 /Mo
      5,000 SF

      Warehouse with Fenced Stack Yard

      Warehouse featuring offices, breakroom, overhead doors, and fenced stackyard.
      2304 120Th St, 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.
    2900 Cr
    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!