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

    8351 Upland Ave Lubbock, TX 79424

    • Commercial real estate
    • 10,059 SF
    For Lease
    View listing
    $5,871 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4987358
    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 8351 Upland Ave

    Property size
    10,059 SF
    Property type
    Commercial real estate

    Description

    This single-story, 10,059 square foot executive office building in Lubbock, Texas, is situated on a 0.27-acre lot in Lubbock County. Currently fully vacant, the property offers flexible lease or purchase options. The building features high-end finishes and a contemporary design, creating a sophisticated and professional atmosphere. Units range from 3,350 to 3,356 contiguous square feet, ideal for multiple tenants or a single large occupant. The property boasts excellent visibility and accessibility due to its location on Upland Avenue and includes an attached garage providing ample parking. This prime location offers an exceptional opportunity to elevate your business presence. The building is one of five similar properties available for sale or lease at addresses ranging from 8337 to 8351 Upland Ave, with prices ranging from $880,000 to $900,000. The property's address is 8349 Upland Ave, Lubbock, TX 79424.

    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
    -101.9735889
    Latitude
    33.515916

    Comparable in this City

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      10,000 SF

      Milwaukee Ave Retail Space

      10,000 SF Retail/Office Space in Lubbock, TX
      6703 Milwaukee Ave, Lubbock, TX 79424
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    • $3,000,000
      4,000 SF

      Class A Office Space Available

      Multi-office building with 4,000 SF available for rent.
      6121 79Th St, Lubbock, TX 79424
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    • $3,250 /Mo
      2,018 SF

      Modern Office Space For Sublease

      Modern office space in a professional triplex off 82nd & Upland.
      8353 Upland Ave, Lubbock, TX 79424
      View Details
    • $1,375,410
      2,413 SF

      Versatile Office Duplex For Lease

      Office duplex with flexible leasing options in a prime location.
      6301 79Th St, Lubbock, TX 79424
      View Details
    • $13 SF/Yr
      7,148 SF

      West Loop Warehouse District Flex

      Office/warehouse space in West Loop Warehouse District with freeway access.
      5845 49Th St, Lubbock, TX 79424
      View Details
    • $19 SF/Yr
      2,381 SF

      New Office Suite in Lubbock

      Finished office suite with private offices, reception, and kitchenette.
      6403 107Th St, Lubbock, TX 79424
      View Details

    Similar Nearby for Sale

    • $7,250,000
      6,500 SF

      West Texas Medical Office Sale

      High-yield, credit-rated medical office building.
      7905 Milwaukee Ave, Lubbock, TX 79424
      View Details
    • $563,000

      Luxury Office Building, Lubbock, TX

      High-end finishes, spacious offices, new construction.
      6631 Monticello Ave, Lubbock, TX 79424
      View Details
    • $1,025,000
      2,193 SF

      Prime Lubbock Medical Office Building

      Move-in ready medical or professional office space in Lubbock, TX
      11931 Frankford Ave, Lubbock, TX 79424
      View Details
    • $825,000
      3,358 SF

      Office/Warehouse Space For Sale

      3358 SF office/warehouse located south of 82nd Street.
      8349 Upland Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing
      4,431 SF

      Class A Garden Office Space

      Prime office space in rapidly developing South Lubbock area.
      5422 114Th St, Lubbock, TX 79424
      View Details
    • $1,600,000
      11,424 SF

      Prime Lubbock Medical Office Building

      11,424 SF Medical Office - $1.6M
      4416 74Th St, Lubbock, TX 79424
      View Details

    Similar Nearby for Lease

    • $138 SF/Yr
      4,684 SF

      Prime Lubbock Office & Warehouse

      4,684 SF Office/Warehouse, 20 Parking Spaces
      5929 50Th St, Lubbock, TX 79424
      View Details
    • $15 SF/Yr
      11,436 SF

      66th & Milwaukee Retail/Office Space

      Prime Lubbock Location: 3 Suites Available
      6309 66Th St, Lubbock, TX 79424
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    • $14 SF/Yr
      3,430 SF

      Executive Office Space, Lubbock, TX

      Class A Office Suites Available Now
      7335 82Nd St, Lubbock, TX 79424
      View Details
    • $17 SF/Yr
      10,404 SF

      Prime Executive Office Suites

      Chicago Ave. Office Space Available
      6102 Chicago Ave, Lubbock, TX 79424
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    • $21 SF/Yr
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      New Garden Office Suite Available

      Newly completed office suite for lease at 138th & Quaker.
      13808 Quaker Ave, Lubbock, TX 79424
      View Details
    • $23 SF/Yr
      2,758 SF

      Premier Office and Retail Space

      Class A office and retail space in Lubbock, Texas.
      5107 82Nd St, Lubbock, TX 79424
      View Details
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    Lubbock, TX 79424
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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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