Property profile

620 Slaton Rd Lubbock, TX 79404

OFF-MARKET
Industrial properties
Property ID
US82-3165598
24,193 SF 1.54 ac lot Built 1964
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This single-tenant industrial warehouse in Lubbock, TX, boasts 22,430 square feet on 1.5 acres, offering excellent highway frontage on Slaton Road (US 84) with easy access to Loop 289 and US Hwy 87 (TX I-27). The property features a large paved parking lot and a rear stack yard, along with four grade-level doors and one loading dock. The attractive brick and stone exterior, complemented by mature landscaping and double-glass entry doors, creates a professional impression, ideal for office or showroom use. Inside, a newly renovated office space includes a spacious reception area, ten offices, an IT room, a conference room, a mechanical room, and two restrooms equipped with showers. The 13,000-square-foot free-span warehouse is heated, and there's an adjacent 2,430-square-foot shop. The entire building is protected by a fire sprinkler system and benefits from 3-phase electric power. The owner is open to modifying the existing office and warehouse space to suit tenant needs. This move-in ready property presents a compelling opportunity for businesses seeking a well-equipped and strategically located warehouse in Lubbock.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Total area 24,193 SF
Lot 1.54 ac (66,998 SF)
Zoning code 38
APN R45025
UPID US82-3165598

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

620 Slaton Rd Lubbock, TX 79404-5820
Lubbock metro Census 2500 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$443k
Blend (final) Blend
$570k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2017
Price N/A

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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