3217 118Th St, Lubbock, TX 79423
This brand-new, Class A, 11,375-square-foot flex space in Lubbock, Texas is ready for immediate occupancy. Located at 3217 118th St, 79423, this single-story building boasts 9,500 square feet of warehouse space, perfect for storage or operations. Three 10' x 14' overhead doors provide easy access for loading and unloading. The office area comprises 6 private offices, two of which are ideally suited for use as conference rooms. A convenient kitchenette/breakroom and two restrooms add to the functionality. The property sits on APN R345256 and is zoned HC (Heavy Commercial), offering versatility for a wide range of businesses. Built in 2024, this property represents a rare opportunity to acquire a modern, efficient space in a thriving Lubbock County location. The asking price is $1,350,000. This turnkey solution eliminates the need for extensive renovations or build-outs, allowing businesses to focus on growth and productivity from day one. Don't miss this chance to secure this exceptional industrial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.