Log In/Sign Up
Your email has been sent.
Lubbock Shops at 12309 12309 County Road 2300 11,250 SF 44% Leased Industrial Building Lubbock, TX 79423 $1,814,682 CAD ($161.31 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$227,890
|
$20.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$227,890
|
$20.26
|
| Taxes |
$13,367
|
$1.19
|
| Operating Expenses |
$10,320
|
$0.92
|
| Total Expenses |
$23,687
|
$2.11
|
| Net Operating Income |
$204,204
|
$18.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $227,890 |
| Annual Per SF | $20.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $227,890 |
| Annual Per SF | $20.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,367 |
| Annual Per SF | $1.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,320 |
| Annual Per SF | $0.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,687 |
| Annual Per SF | $2.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $204,204 |
| Annual Per SF | $18.15 |
Property Facts
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lubbock Shops at 12309 | 12309 County Road 2300
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.