Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4024 Ave A A Lubbock, TX 79404-2806
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4024 Ave A A Lubbock, TX 79404-2806

    View on Map
    • Office buildings
    • 18,680 SF
    • 0.74 lot acres
    Off-Market
    Property ID
    US82-4143127
    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
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 4024 Ave A A

    Year built
    1985
    Lot size
    0.74 lot acres
    Property size
    18,680 SF
    Zone code
    38
    Property type
    Office buildings
    APN
    R89361
    APU
    R89361

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $762,000
      Market price range: $476k - $1.67M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $955,000
      Current use
      WAREHOUSE, STORAGE
      $820,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.836
    Latitude
    33.5565
    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
    $11,618
    $32,068
    $624,182
    $656,250
    -
    $32,068
    $624,182
    $656,250

    Comparable in this City

    • Value Estimation by Request
      1,232 SF

      508 34th St

      OFFICE BUILDING • 1,232 SF
      508 34th St, Lubbock, TX 79404-2218
      View Details
    • Value Estimation
      $1,290,000
      21,130 SF

      3419 Slaton Rd

      OFFICE BUILDING • 21,130 SF
      3419 Slaton Rd, Lubbock, TX 79404-6913
      View Details
    • Value Estimation by Request
      8,338 SF

      2202 Ave E Ave

      OFFICE BUILDING • 8,338 SF
      2202 Ave E Ave, Lubbock, TX 79404-1033
      View Details
    • Value Estimation by Request
      1,500 SF

      514 50th St

      OFFICE BUILDING • 1,500 SF
      514 50th St, Lubbock, TX 79404-3636
      View Details
    • Value Estimation by Request
      7,730 SF

      409 50th St

      OFFICE BUILDING • 7,730 SF
      409 50th St, Lubbock, TX 79404-3633
      View Details
    • Value Estimation by Request
      5,000 SF

      4606 Martin L King Blvd

      OFFICE BUILDING • 5,000 SF
      4606 Martin L King Blvd, Lubbock, TX 79404-4024
      View Details

    Similar Nearby for Sale

    • $669,300
      2,231 SF

      New Freestanding Office Building

      New office building for lease or purchase on West 82nd.
      82Nd St, Lubbock, TX 79404
      View Details
    • $285,000
      5,752 SF

      Revitalized Office Building in Briercroft

      5,752 SF office building in Briercroft Office Park.
      12 58Th St, Lubbock, TX 79404
      View Details
    • Contact for pricing
      2,062 SF

      Modern Office Space in Lubbock

      Modern office space built in 2019 in a growing area.
      2523 86Th St, Lubbock, TX 79404
      View Details
    • $600,000
      6,000 SF

      New Industrial Development in Lubbock

      Customizable office warehouses for sale or lease in South Lubbock.
      901 County Road 7300, Lubbock, TX 79404
      View Details
    • Contact for pricing

      Lubbock Flex Space on Acreage

      6,000 SF flex building on 11.08 acres for sale.
      8801 Fm 3431, Lubbock, TX 79404
      View Details
    • $695,000
      10,980 SF

      Lubbock Warehouse with Office Space

      High-quality warehouse with office in central Lubbock warehouse district.
      4212 Martin L King Blvd, Lubbock, TX 79404
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo
      6,400 SF

      Lubbock Flex Space For Rent

      Flex space with drive-through doors available for rent in Lubbock.
      8509 Ash Ave, Lubbock, TX 79404
      View Details
    • Contact for pricing

      Modern Office Warehouse Space

      2,000 sq ft office/warehouse in Southeast Lubbock.
      11602 County Road 2360, Lubbock, TX 79404
      View Details
    • $10 SF/Yr

      New Industrial Development in Lubbock

      Customizable office warehouses with flexible options for sale or lease.
      10610 County Road 2500, Lubbock, TX 79404
      View Details
    • Contact for pricing

      Office and Industrial Space Available

      Single tenant office and industrial space for lease.
      4414 Avenue A, Lubbock, TX 79404
      View Details
    • $5,750 /Mo

      Versatile Property Near Interstate 27

      Retail, office, and service space with flexible layout.
      321 19Th St, Lubbock, TX 79404
      View Details
    • Contact for pricing

      New Warehouse with Office Space

      New construction warehouse with office and mezzanine storage for lease.
      311 E County Road 7200, Lubbock, TX 79404
      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.
    4024 Ave A A
    Lubbock, TX 79404-2806
    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!