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

    901 66th St Lubbock, TX 79404-5505

    • Warehouses
    • 4,000 SF
    • 2.34 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8200764
    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

    • Sun Gold Foods Inc / Health Food Store

    Property Details for 901 66th St

    Year built
    1982
    Lot size
    2.34 lot acres
    Property size
    4,000 SF
    Zone code
    38
    Property type
    Warehouses
    APN
    R56288
    APU
    R56288

    Description

    This exceptional industrial property, located at 901 E 66th Street in Lubbock, Texas, presents a compelling investment opportunity. The property encompasses 50,472 square feet across two buildings, situated on a 4.788-acre lot within a Light Manufacturing District (M-1) zoning. Built in 1985, this Class B industrial facility is currently vacant and offers significant potential for a variety of uses. The property features four dock-high doors, facilitating efficient loading and unloading of goods. The building's design includes ample office space, providing a functional workspace for administrative staff. The asking price is $3,800,000. The property's substantial size and strategic location in Lubbock, Texas, combined with its existing infrastructure, make it an ideal choice for businesses seeking a well-equipped and strategically located industrial facility. The property's zoning allows for light manufacturing, providing flexibility for various industrial operations. The expansive lot offers potential for future expansion or additional development. This is a rare opportunity to acquire a significant industrial property in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $175,000
      Current use
      RETAIL STORES
      $355,000
      Change: +102% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $350,000
      Change: +101% Conversion: Easy
      COMMERCIAL (GENERAL)
      $265,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $205,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.825
    Latitude
    33.5349
    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
    $1,248
    $30,607
    $39,393
    $70,000
    -
    $30,607
    $39,393
    $70,000

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      313 County Road 7200

      Distribution properties • 10,000 SF
      313 County Road 7200, Lubbock, TX 79404
      View Details
    • Value Estimation
      $660,000
      30,000 SF

      2410 Ave E Ave

      WAREHOUSE, STORAGE • 30,000 SF
      2410 Ave E Ave, Lubbock, TX 79404
      View Details
    • Value Estimation
      $280,000
      2,800 SF

      816 48th St

      WAREHOUSE, STORAGE • 2,800 SF
      816 48th St, Lubbock, TX 79404-3624
      View Details
    • Value Estimation
      $280,000
      2,387 SF

      2205 50th St

      WAREHOUSE, STORAGE • 2,387 SF
      2205 50th St, Lubbock, TX 79404-4125
      View Details
    • Value Estimation
      $280,000
      2,501 SF

      313 82nd St

      WAREHOUSE, STORAGE • 2,501 SF
      313 82nd St, Lubbock, TX 79404-6333
      View Details
    • Value Estimation
      $285,000
      2,250 SF

      611 Slaton Rd

      WAREHOUSE, STORAGE • 2,250 SF
      611 Slaton Rd, Lubbock, TX 79404-5821
      View Details

    Similar Nearby for Sale

    • $625,000
      1,120 SF

      Visible I-27 Interchange Flex Space

      Flex space with high visibility and access on I-27.
      6015 N Interstate 27, Lubbock, TX 79404
      View Details
    • $2,310,143
      31,200 SF

      Lubbock Industrial Investment Opportunity

      Two-building industrial property with stable income in a strong corridor.
      921 E 66Th St, Lubbock, TX 79404
      View Details
    • $600,000
      6,000 SF

      Lubbock Warehouse: $600,000

      6,000 SF Industrial Warehouse, Lubbock, TX
      10610 County Road 2500, Lubbock, TX 79404
      View Details
    • $1,615,750
      32,315 SF

      Lubbock Warehouse Investment Opportunity

      Two-property investment with warehouse, office space, and rail access.
      702 E 34Th St, Lubbock, TX 79404
      View Details
    • $795,000
      10,980 SF

      Lubbock Warehouse-Office with Crane

      High-quality warehouse-office space with overhead crane in central Lubbock.
      4212 Martin L King Blvd, Lubbock, TX 79404
      View Details
    • $199,999

      Warehouse/Former Body Shop For Sale

      Warehouse/former body shop with office, kitchen, and outdoor parking.
      512 E 34Th St, Lubbock, TX 79404
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      3,800 SF

      Lubbock Industrial Park Warehouse Space

      Affordable industrial spaces near Downtown Lubbock with flexible layouts.
      2002-2520 Avenue A, Lubbock, TX 79404
      View Details
    • $4,250 /Mo
      8,500 SF

      Lubbock Warehouse with Dock Door

      8,500 SF warehouse featuring dock and grade-level doors.
      7010 Cedar Ave, Lubbock, TX 79404
      View Details
    • $10 SF/Yr
      6,000 SF

      Lubbock Industrial Warehouse For Sale/Lease

      New Construction, 6,000 sq ft Flex Space
      10610 County Road 2500, Lubbock, TX 79404
      View Details
    • $7 SF/Yr
      27,676 SF

      Industrial Building For Lease

      27,676 SF industrial building with remodeling and new parking.
      410 E 56Th St, Lubbock, TX 79404
      View Details
    • $800 /Mo
      2,100 SF

      Remodeled Warehouse Unit For Lease

      2,100 SF remodeled warehouse unit with office and showroom.
      328 E 40Th St, Lubbock, TX 79404
      View Details
    • $12 SF/Yr
      10,000 SF

      Lubbock Warehouse: 10,000 SF

      New Construction Warehouse for Lease
      313 County Road 7200, Lubbock, TX 79404
      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.
    901 66th St
    Lubbock, TX 79404-5505
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.