$550,000
Commercial Property for Sale in San Bernardino California 92404
San Bernardino, California
Soft OfferCommercial Property for Sale in Lubbock Texas 79411
2002 Avenue S, Lubbock, Texas 79411
$150,000
$20 / sq ft 12.05% cap rate Listed Jul 17, 2025
7,480 sqft
Building
1976
Built
1
Stories
Class C
Class
About this property
Commercial Property for Sale in Lubbock Texas 79411 is an industrial for sale in Lubbock, Texas, listed at $150,000. Key details: year built 1976, building size 7,480 sqft, stories 1, building class Class C. Listed by Brandon Robinson of Calvary Realty on LoopingCloud and last updated July 17, 2025.
John 14:6: Jesus declared, "I am the path, the reality, and the vitality. No one reaches the Father except through me."
Investment Alert: Smart Drop Self Storage in Lubbock, TX
Calvary Realty proudly presents Smart Drop Self Storage, an exceptional investment opportunity at 2002 Avenue S in Lubbock, Texas. This strategically located facility, just one mile from Texas Tech University within a metro area of over 360,000, is primed for high demand.
Priced at just $150,000 as a foreclosure sale, this 7,480-square-foot facility offers 44 units and an enticing proforma cap rate of 12%. Built in 1976 and expanded in 1985 on 0.31 acres, it boasts gated access, lighting, and Easy Storage management software. Despite its current 11% occupancy, this property represents significant value-add potential. Stabilizing occupancy could easily drive cap rates into double digits, capitalizing on Lubbock's rapid growth, affordability, and a five-mile population of 180,000 residents. Don't miss this chance to acquire a high-yield asset in a thriving market.
Key highlights
- Occupied
- Net Lease Investment
- Price/Unit $3,409.09
- Year Renovated 1985
- Zoning Mini Warehouse
- Pro-Forma Cap Rate 27.10%
- Pro-Forma NOI $40,650
- Class D
- Recent "As Is" Appraisal of $248K
- Priced 40% Below Appraised Value
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1976
- Building Size
- 7,480 sqft
- Stories
- 1
- Building Class
- Class C
- Occupied
- Yes
- Occupancy
- 11%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $18,078
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
12.05%
Cap rate
$18,078
Net operating income
$20
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $150,000 | 12.05% | - | - | - |
Features and amenities
Property Features
- Price/Unit: $3,409.09
- Year Renovated: 1985
- Zoning: Mini Warehouse
- Pro-Forma Cap Rate: 27.10%
- Pro-Forma NOI: $40,650
- Class D
Highlights
- Distressed Asset With Significant Value Add
- Recent "As Is" Appraisal of $248K
- Priced 40% Below Appraised Value
- 1 Mile East of Texas Tech University
- 5 Mile Population of 180K+ Residents
- Strong Population Growth and Density
- High Stabilized Cap Rate
- Priced to Sell at Only $20 Per Square Foot
Location
Address as shown by the lister.
Get directionsAbout this area - Lubbock
- Population
- 5,307
- Housing units
- 2,451
- Land area
- 0.9 sq mi
- County
- Lubbock
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Lubbock Texas 79411?
Commercial Property for Sale in Lubbock Texas 79411 is listed at $150,000. That works out to about $20 per square foot. The stated cap rate is 12.05%.
Where is Commercial Property for Sale in Lubbock Texas 79411 located?
The property is in 2002 Avenue S, Lubbock, Texas 79411, Lubbock County.
What type of property is this?
This is an industrial for sale in the commercial category.
How big is the property?
The building is 7,480 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Brandon Robinson of Calvary Realty listed this property. Use the Request Info button to send a message or call (909) 380-0073.
When was this listing published?
It was published on July 17, 2025 and last updated on July 17, 2025.
Listing information
- Listing ID
- CL-Texas-25920
- Published
- Jul 17, 2025
- Last updated
- Jul 17, 2025
- Views
- 316
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