Back to Search
Property profile & analytics
FOR LEASE
Warehouses
4321 Woodrow Rd Lubbock, TX 79424
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-7195414
For Lease
1 / 2
$15 SF/Yr
4321 Woodrow Rd, Lubbock, TX 79424
View Listing →
Property summary
AI-generated overview
This exceptional 1,250-square-foot creative office space, located at 4321 Woodrow Rd, Lubbock, TX 79424, presents a remarkable opportunity for businesses seeking a prime location. Situated on the corner of Woodrow Road and Quaker, this Class A property boasts a flexible layout ideal for retail, showroom, or office use. Built in 2023, the single-story building features a spacious open floor plan, perfect for customization to suit diverse business needs. Amenities include a private bathroom, a 14-foot overhead door, 110v and 220v power, a walk-in door, and convenient concrete driveways. Ample on-site parking ensures easy access for clients and employees. The property is part of a multi-tenant building, with a maximum of 1,250 contiguous square feet available. This location in the rapidly developing Woodrow/Cooper area offers excellent visibility and accessibility. This is a rare opportunity to secure a high-quality space in a thriving Lubbock County market. The property is zoned for retail, special purpose, and office uses.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
15,750 SF
Lot
10.04 ac (437,342 SF)
Zoning code
19
APN
R54170
UPID
US82-7195414
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
-
Aerial Atmosphere Gym & Fitness Center
-
Salon Sculpt Hair Salon
-
PJ Liquor Beer & Wine (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
RedDirt Precision Ag Agricultural Service
-
Bitcoin ATM Lubbock - Coinhub Crypto Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Synernet INC · 9 yrs held
Synernet INC
since 2017
1 recorded transaction
Zoning & alternative use
19 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$960,000
+25.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$765,000
Current use
RETAIL STORES
$960,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,225
Tax year 2023
Assessed value
$4,400,000
Assessed 2024
Previous assessed
$4,400,000
+0.0% YoY
Effective rate
0.32%
On assessed value
Assessed land
$874,684
Assessed improvement
$3,525,316
Land market value
$874,684
Improvement market value
$3,525,316
Total market value
$4,400,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2022
Heating
NONE
Buildings
4
Total area
15,750 SF
Lot
10.04 ac (437,342 SF)
Zoning code
19
APN
R54170
UPID
US82-7195414
Jurisdiction
LUBBOCK
Zoning & alternative use
19 · Lubbock, TX
Zoning 19 · permitted uses
19 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lubbock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$765,000
RETAIL STORES
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Buildings
4
Lot
10.04 ac
Current owner
From public records · entity-resolved
Synernet INC
Entity
Mailing address
3110 FRANKFORD AVE, LUBBOCK, TX 79407-7847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2017
—
Synernet INC
Odom Vernon L & N G Trust
Warranty Deed
$310,000 · Community Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
