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Property profile & analytics
OFF-MARKET
Warehouses

4212 Frankford Ave Lubbock, TX 79416-9646

12,005 SF 2.04 ac lot Built 2019
Entity Owned 7-yr Hold Free & Clear
Property ID
US83-0230253
Property summary
AI-generated overview

This exceptional Lubbock, Texas industrial property, located at 4212 N Frankford Ave, offers 12,005 square feet of versatile flex and warehouse space on a 2-acre lot. Currently boasting 75% occupancy with three of four units leased, generating immediate income, this property presents a compelling opportunity for both investors and owner-users. The four units comprise a mix of shop and office space; Unit 1 (60x60 shop with 20x20 office) and Unit 4 (60x60 shop with 20x20 office) are currently leased, while Unit 2 (60x60 shop) is vacant and Unit 3 (60x40 shop) is also leased. Each shop features oversized garage doors for convenient access. The property includes a private well and is conveniently located less than a mile from Highway 84, outside city limits, offering reduced regulatory burdens. The substantial lot size allows for future expansion. Priced at $825,000 ($68.72/SF and $206,250 per unit), this property represents a strong investment in Lubbock's dynamic industrial market. The current lease structure is modified, with a multi-tenant occupancy. This is a for-sale-by-owner opportunity.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Total area 12,005 SF
Lot 2.04 ac (88,732 SF)
APN R327871
UPID US83-0230253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • COODY AUTOMOTIVE REPAIR & ACCESSORIES Auto Repair Shop
  • Lubbock Pipe Yard LLC Metal Fabrication Plant Factory
  • Dynasty Fireworks Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lubbock Pipe Yard LLC · 7 yrs held
Lubbock Pipe Yard LLC
since 2018
5 recorded transactions
2020
Price N/A
2020
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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