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Lubbock Shops at 12309 12309 County Road 2300 11,250 SF 100% Leased Industrial Building Lubbock, TX 79423 $1,290,000 ($114.67/SF) 11.25% Cap Rate
Investment Highlights
- Delivered at 100% leased, if Buyer allows Seller to execute a one-year lease
- Over 2.5 acres of land, allowing a Buyer plenty of room to expand and increase NOI
- Relatively new construction built in 2023
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: $1,290,000
Current NOI: $70,184.92 (4 / 9 tenant-occupied); Post-acquisition NOI: $145,161.76 (Seller executes a 1-year lease)
CAP Rate: 11.25% upon closing
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: $1,290,000
Current NOI: $70,184.92 (4 / 9 tenant-occupied); Post-acquisition NOI: $145,161.76 (Seller executes a 1-year lease)
CAP Rate: 11.25% upon closing
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 |
$162,000
|
$14.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,000
|
$14.40
|
| Taxes |
$9,502
|
$0.84
|
| Operating Expenses |
$7,336
|
$0.65
|
| Total Expenses |
$16,838
|
$1.50
|
| Net Operating Income |
$145,162
|
$12.90
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $14.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $14.40 |
| 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 | $145,162 |
| Annual Per SF | $12.90 |
Property Facts
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Lubbock Shops at 12309 | 12309 County Road 2300