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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7702 Fm 179 Wolfforth, TX 79382-3902

    • Warehouses
    • 217,245 SF
    • 61.96 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6815556
    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

    • Lift Me Up Nutrition / Health Food Restaurant
    • Fanny Rose's Rustic Chic Boutique / Furniture Store / Antique Store
    • Candle Freak by Abby / Candle Store
    • Miss Kates Place, British Bakery / Bakery
    • Heritage Barber / Barber Shop

    Property Details for 7702 Fm 179

    Year built
    2020
    Lot size
    61.96 lot acres
    Property size
    217,245 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R334064
    APU
    R334064

    Description

    This exceptional 1,500 square foot retail space in Wolfforth, Texas, is located at 7702 FM 179, Lubbock County, zip code 79382. The property features a 25x60 foot layout, perfect for a variety of retail uses, including boutiques, cafes, or showrooms. The space includes an inviting glass entry door and a convenient restroom. It's situated minutes from Frenship High School, offering high visibility and access to a strong customer base. The property is available for lease with flexible terms, providing a blank canvas for your business vision. The space offers ample room to create a unique and memorable customer experience. This is a prime opportunity to establish your business in a thriving community, surrounded by other successful ventures. The location provides excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a dynamic and convenient space to launch or expand their business. The property is ready for immediate occupancy, allowing you to quickly establish your presence in the Wolfforth market. Don't miss this chance to secure a fantastic retail space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.014
    Latitude
    33.5253
    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
    $98,990
    $4,487,865
    $2,672,530
    $7,160,395
    -
    $4,487,865
    $2,672,530
    $7,160,395

    Comparable in this City

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      $340,000
      9,869 SF

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      MINI-WAREHOUSE, STORAGE • 9,869 SF
      839 Hwy 144th Rear Rear, Wolfforth, TX 79382
      View Details
    • Value Estimation
      $980,000
      85,490 SF

      7801 Fm 179

      MINI-WAREHOUSE, STORAGE • 85,490 SF
      7801 Fm 179, Wolfforth, TX 79382-3900
      View Details
    • Value Estimation
      $430,000
      16,910 SF

      319 Hwy 62-82

      MINI-WAREHOUSE, STORAGE • 16,910 SF
      319 Hwy 62-82, Wolfforth, TX 79382
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    • Value Estimation
      $960,000
      388,690 SF

      13405 Upland Ave

      MINI-WAREHOUSE, STORAGE • 388,690 SF
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    • Value Estimation
      $515,000
      23,096 SF

      418 Dowden Rd

      MINI-WAREHOUSE, STORAGE • 23,096 SF
      418 Dowden Rd, Wolfforth, TX 79382-5504
      View Details
    • Value Estimation
      $350,000
      10,800 SF

      10618 Private Rd 1310

      MINI-WAREHOUSE, STORAGE • 10,800 SF
      10618 Private Rd 1310, Wolfforth, TX 79382-8017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.07 Acres

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    • $1,585,200
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      Legend Hills: 52 Acres in Wolfforth, TX

      Prime Residential Development Land
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    • Contact for pricing
      121.51 Acres

      Wolfforth Residential Land Development

      121 Acres, Prime Residential Location, Texas
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      Wolfforth, TX Land For Sale

      Residential land in Wolfforth, TX, ideal for building a home.
      17802 County Rd, Wolfforth, TX 79382
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,800 SF

      Wolfforth Industrial Warehouse For Sale

      4,800 SF Warehouse, 1.31 Acres
      11510 Private Rd 7440, Wolfforth, TX 79382
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    • $4,500 /Mo
      4,718 SF

      Wolfforth Warehouse Space Available

      4,718 SF warehouse space for lease in Wolfforth, Texas.
      8312 98Th St, Wolfforth, TX 79382
      View Details
    • $12 SF/Yr
      5,000 SF

      Office/Warehouse Space on Fenced Lot

      5,000 SF office/warehouse on one-acre fenced lot for lease.
      9402 Fm 1585, Wolfforth, TX 79382
      View Details
    • $750 /Mo
      1,000 SF

      Wolfforth Shop or Storage Space

      1000 sqft shop/storage space with bathroom for lease.
      10614 Private Road 1310, Wolfforth, TX 79382
      View Details
    • $1,300 /Mo
      2,000 SF

      Wolfforth Retail or Storage Space

      2000 sqft retail or storage space for lease.
      10614 Private Road 1310, Wolfforth, TX 79382
      View Details
    • $1,800 /Mo
      1,919 SF

      Wolfforth Retail Space Available

      Former convenience store, potential restaurant space for lease in Wolfforth.
      508 5Th St, Wolfforth, TX 79382
      View Details
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    Wolfforth, TX 79382-3902
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    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
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