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12301 - 12309 CR 2300 12301 County Road 2300 rd 11,250 SF 44% Leased Industrial Building Lubbock, TX 79423 $1,049,000 ($93.24/SF)
Investment Highlights
- 5 out of the 9 units are used by the Owner, making it easy for the Buyer to use the space or rent it out
- Upon stabilization, the Property will yield an above-market return
- Comes with a 11,210 SF building sitting on 2.548 acres, which offers endless opportunities to increase the NOI
Executive Summary
12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423
2023 built contractor shops (9 x 1,250 SF bay size)
Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI.
Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares.
Purchase Price: $1,049,000
NOI: $67,184.92(44.4% rented & 55.6% owner occupied)
CAP Rate: 6.40% (on actuals); 12.77% upon stabilization
Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion)
Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered.
Zoning: Out-of-city limits (no restrictions)
School District: Lubbock Cooper ISD
Nearest Highway: Interstate 27 and Future Loop 88
2023 built contractor shops (9 x 1,250 SF bay size)
Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI.
Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares.
Purchase Price: $1,049,000
NOI: $67,184.92(44.4% rented & 55.6% owner occupied)
CAP Rate: 6.40% (on actuals); 12.77% upon stabilization
Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion)
Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered.
Zoning: Out-of-city limits (no restrictions)
School District: Lubbock Cooper ISD
Nearest Highway: Interstate 27 and Future Loop 88
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$153,000
|
$13.60
|
| Other Income |
$750
|
$0.07
|
| Vacancy Loss |
$3,000
|
$0.27
|
| Effective Gross Income |
$150,750
|
$13.40
|
| Taxes |
$9,502
|
$0.84
|
| Operating Expenses |
$7,336
|
$0.65
|
| Total Expenses |
$16,838
|
$1.50
|
| Net Operating Income |
$133,912
|
$11.90
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $153,000 |
| Annual Per SF | $13.60 |
| Other Income | |
|---|---|
| Annual | $750 |
| Annual Per SF | $0.07 |
| Vacancy Loss | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.27 |
| Effective Gross Income | |
|---|---|
| Annual | $150,750 |
| Annual Per SF | $13.40 |
| Taxes | |
|---|---|
| Annual | $9,502 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $7,336 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $16,838 |
| Annual Per SF | $1.50 |
| Net Operating Income | |
|---|---|
| Annual | $133,912 |
| Annual Per SF | $11.90 |
Property Facts
Amenities
- 24 Hour Access
- Front Loading
Utilities
- Gas - Natural
- Water - Well
- Sewer - Septic Field
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $63,003 (2025) | |
| Land Assessment | $33,003 (2025) | Annual Taxes | $9,502 ($0.84/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$33,003 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$63,003 (2025)
Annual Taxes
$9,502 ($0.84/SF)
Tax Year
2026
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12301 - 12309 CR 2300 | 12301 County Road 2300 rd
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