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Property profile & analytics
OFF-MARKET
Commercial real estate

918 Wheelock St Lubbock, TX 79403

5,462 SF
Property ID
US82-2121399
Property summary
AI-generated overview

This exceptional investment opportunity presents a package of four single-family homes located in Lubbock, Texas, specifically within the Cypress Grove neighborhood. Each of the four homes boasts three bedrooms, two bathrooms, and a two-car garage, totaling 5,462 square feet of living space. Constructed between 2012 and 2014, these properties offer a blend of newer construction and established rental history. Currently operating at 75% occupancy, this portfolio presents a solid foundation for immediate income generation. The homes are situated conveniently close to Texas Tech University, major medical facilities, and significant commercial development in Northeast Lubbock, ensuring strong tenant demand and potential for future appreciation. The asking price is $675,000, translating to a price per square foot of $123.58. The properties are individually located at 918, 912, 1226, and 1228 Wheelock Street, Lubbock, TX 79403, within Lubbock County. This package offers a compelling opportunity for investors seeking a diversified, income-producing portfolio in a thriving Texas market. The owner-managed history ensures a clear understanding of operational efficiency and rental management practices. The strong rental history, coupled with the potential for rent increases, further enhances the investment appeal. This is a turnkey investment ready for immediate returns.

Property profile
Verified
Property type Commercial real estate
Total area 5,462 SF
UPID US82-2121399
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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