4212 Frankford Ave Lubbock, TX 79416-9646
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.
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COODY AUTOMOTIVE REPAIR & ACCESSORIES Auto Repair Shop
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Dynasty Fireworks Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.