Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6023 County Rd 6700 Lubbock, TX 79403

    • Commercial real estate
    • 1,710 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6569127
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6023 County Rd 6700

    Year built
    1962
    Lot size
    0.96 lot acres
    Property size
    1,710 SF
    Zone code
    27
    Property type
    Commercial real estate
    APN
    R42666
    APU
    R42666

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.74
    Latitude
    33.5787
    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
    $746
    $13,440
    $54,668
    $68,108
    -
    $13,440
    $54,668
    $68,108

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      3418 15th Pl

      COMMERCIAL (GENERAL) • 0.16 Acres
      3418 15th Pl, Lubbock, TX 79403-6104
      View Details
    • Value Estimation by Request
      0.16 Acres

      3412 15th Pl

      COMMERCIAL (GENERAL) • 0.16 Acres
      3412 15th Pl, Lubbock, TX 79403-6104
      View Details
    • Value Estimation by Request
      0.23 Acres

      1501 19th St

      COMMERCIAL (GENERAL) • 0.23 Acres
      1501 19th St, Lubbock, TX 79403-5323
      View Details
    • Value Estimation by Request
      1.96 Acres

      4002 Interstate 27

      COMMERCIAL (GENERAL) • 1.96 Acres
      4002 Interstate 27, Lubbock, TX 79403-1005
      View Details
    • Value Estimation by Request
      0.36 Acres

      305 Quinn St

      COMMERCIAL (GENERAL) • 0.36 Acres
      305 Quinn St, Lubbock, TX 79403-1127
      View Details
    • Value Estimation by Request
      1.00 Acre

      6423 Fm 40

      COMMERCIAL (GENERAL) • 1.00 Acre
      6423 Fm 40, Lubbock, TX 79403-7131
      View Details

    Similar Nearby for Sale

    • $689,904
      3.52 Acres

      Prime Lubbock Commercial Land

      3.52 Acres, I-27 & Regis, High Traffic
      219 Regis St, Lubbock, TX 79403
      View Details
    • Contact for pricing
      280.00 Acres

      Regis Park: 280 Acres Development Land

      Prime Lubbock, TX commercial land; ideal for diverse development.
      0 Regis St, Lubbock, TX 79403
      View Details
    • $412,000
      2.37 Acres

      MLK Blvd Commercial Land Opportunity

      Prime Lubbock, TX commercial land; 2.365 acres.
      0 M.l. King Jr. Blvd, Lubbock, TX 79403
      View Details
    • $1,329,015

      I-27 & Loop 289 Commercial Land

      High-Visibility Lubbock Commercial Lot
      I-27 Frontage Rd, Lubbock, TX 79403
      View Details
    • $164,600
      2.84 Acres

      Lubbock Land: Prime Commercial Acreage

      2.84 Acres, Utilities Available, High Visibility
      2801 Broadway St, Lubbock, TX 79403
      View Details
    • $3,000,000
      19,416 SF

      Parkway Drive Shopping Center

      Lubbock, TX Retail Investment Opportunity
      1824 Parkway Dr, Lubbock, TX 79403
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      70,000 SF

      501 East Hunter Street

      Distribution properties • 70,000 SF
      501 Hunter St, Lubbock, TX 79403
      View Details
    • Contact for pricing
      85,120 SF

      Under Construction Class A Industrial

      Class A industrial space available for lease, completion mid-2026.
      202 Loop 289 NE, Lubbock, TX 79403
      View Details
    • $10 SF/Yr
      19,416 SF

      Parkway Place Office Suites, Lubbock

      Medical/Office Space Available, High Visibility
      1824 Parkway Dr, Lubbock, TX 79403
      View Details
    • $225,000
      5,000 SF

      Retail Building Near Texas Tech

      5,000 SF commercial building near Texas Tech University.
      2133 19Th St, Lubbock, TX 79403
      View Details
    • $9 SF/Yr
      9,000 SF

      Cross Dock Facility For Sublease

      Cross dock facility with 23 dock spaces for sublease.
      128 E 13Th St, Lubbock, TX 79403
      View Details
    • Contact for pricing
      2,022 SF

      Historic Pioneer Hotel Office Suite

      Remodeled office suite in downtown Lubbock's Historic Pioneer Hotel.
      1204 Broadway, Lubbock, TX 79403
      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.
    6023 County Rd 6700
    Lubbock, TX 79403
    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.