Technical
Financial
Distress signals
Property profile

9205 Hwy 87 Lubbock, TX 79423

OFF-MARKET
Commercial real estate
Property ID
US83-0596763
25,000 SF 2.44 ac lot Built 2016
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500-square-foot warehouse space in Lubbock, Texas, is ideally suited for a variety of businesses. Located at 9205 Hwy 87 in Lubbock County, this multi-tenant property offers one available unit. Each unit boasts a generous layout, featuring approximately 900 square feet of office space and 1,600 square feet of warehouse space. The office area is well-appointed with a reception area, three private offices, a restroom, and a convenient conference room. Productivity is enhanced by central HVAC in the office. The warehouse section includes a substantial 16-foot overhead door for easy loading and unloading of goods. Additional storage is provided by a mezzanine level upstairs in each unit. Situated outside city limits, this property benefits from the absence of zoning restrictions, offering greater flexibility for potential tenants. This is a fantastic opportunity to secure a well-designed and functional warehouse space in a desirable Lubbock location, with the added benefit of ample office space. The property's zip code is 79423.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2016
Total area 25,000 SF
Lot 2.44 ac (106,112 SF)
APN R327904
UPID US83-0596763

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9205 Hwy 87 Lubbock, TX 79423-7242
Lubbock metro Census 10513 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2018
3 recorded transactions
2023
Price N/A
2018
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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