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Property profile & analytics
FOR SALE
Flex space
707 E Slaton Rd, Lubbock, TX 79404
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2978781
For Sale
1 / 2
$2,100,000
707 E Slaton Rd, Lubbock, TX 79404
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Property summary
AI-generated overview
This exceptional Lubbock, Texas industrial property offers 67,639 square feet of manufacturing space across five buildings situated on a 3.62-acre lot. Zoned LI, this facility is ideally suited for a variety of manufacturing operations. The asking price is $2,100,000, translating to $31.05 per square foot. The property boasts a strategic location on a high-traffic road, providing excellent access to transportation routes and logistics hubs. Three-phase power is available. This versatile space presents significant potential for expansion, with the option to purchase an adjoining property (Buildings F & G, per site plan) for further growth or development opportunities. This prime real estate in Lubbock County, Texas (zip code 79404) represents a rare opportunity to acquire a substantial industrial facility in a thriving location. The address is 707 Slaton Rd, Lubbock, TX.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Total area
34,392 SF
Lot
1.56 ac (68,141 SF)
Zoning code
38
APN
R135712
UPID
US82-2978781
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$640k
Owner & transaction history
Tek Properties II LLC · 13 yrs held
Tek Properties II LLC
since 2012
1 recorded transaction
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$755,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$19 / 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
$12,857
Tax year 2023
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$51,106
Assessed improvement
$548,894
Land market value
$51,106
Improvement market value
$548,894
Total market value
$600,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1964
Heating
NONE
Total area
34,392 SF
Lot
1.56 ac (68,141 SF)
Zoning code
38
APN
R135712
UPID
US82-2978781
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TX
Zoning 38 · permitted uses
38 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$755,000
INDUSTRIAL (GENERAL) Current
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
1964
Heating
NONE
Lot
1.56 ac
Current owner
From public records · entity-resolved
Tek Properties II LLC
Entity
Free & Clear · 13 yrs held
Mailing address
703 E SLATON RD, LUBBOCK, TX 79404-5833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Nov 30, 2012
—
Tek Properties II LLC
Tye,john M III
Warranty Deed
related
—
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.
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