602 Donald Preston Dr Wolfforth, TX 79382-5419
Property Lookup
Property profile & analytics
602 Donald Preston Dr Wolfforth, TX 79382-5419
- Strip malls
- 6,165 SF
- 1.45 lot acres
Property ID
US82-4397544
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.
Location Intelligence
Current Use by Public Records
- Wingstop / Restaurant
- Rise N Shine Donuts / Bakery / Discount Store
- Farmers Insurance - Shawn Vinson / Insurance Agency
- Elotes Siam Foodie Cafe / Restaurant
Property Details for 602 Donald Preston Dr
- Year built
- 2018
- Lot size
- 1.45 lot acres
- Property size
- 6,165 SF
- Zone code
- 16
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- R159309
- APU
- R159309
Description
This exceptional 10,680-square-foot shopping center in Wolfforth, Texas, presents a compelling investment opportunity. Built in 2018, the property boasts 100% occupancy across its six units, generating a strong net operating income (NOI) of $188,724 and an 8.00% cap rate. The asking price is $2,360,000, translating to $220.97 per square foot. The center features a desirable mix of tenants under NNN leases with a weighted average lease term of four years. Each unit averages 1,780 square feet, catering to a broad range of businesses. A key advantage is the property's strategic location directly across from Frenship High School, a 6A high school with over 3,000 students, ensuring high visibility and foot traffic. Furthermore, the center benefits from a drive-thru end cap and additional billboard income streams. Situated on a 1.45-acre lot, the single-story building is part of a rapidly growing area, experiencing significant residential development with new subdivisions and apartment complexes. The property enjoys proximity to numerous national retailers, including Walmart, O'Reilly Auto Parts, Braum's, Tractor Supply Co., Chick-fil-A, Panda Express, McDonald's, United Supermarkets, Domino's Pizza, CVS, and Pet Supplies Plus, solidifying its position within a thriving retail environment. Wolfforth itself has seen remarkable population growth of nearly 40% since 2010, indicating a robust and expanding market. This investment offers a blend of strong current performance and significant future potential in a high-demand location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wolfforth
- County
- Lubbock
- State
- Texas
- Longitude
- -102.007
- Latitude
- 33.5203
- 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
$43,373
$315,000
$1,534,086
$1,849,086
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$315,000
$1,534,086
$1,849,086
