Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    702 E 34Th St Lubbock, TX 79404

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,615,750

    Two-property investment with warehouse, office space, and rail access.

    Property size:
    32,315 SF

    Property Features for 702 E 34Th St

    General Information

    Size
    32,315 SF

    Building Details

    Year built
    1972

    Source: Joe Magby Agent Joe Magby

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lubbock Warehouse Investment Opportunity

    This two-property investment opportunity in Lubbock, TX, offers an 8.5% CAP rate. The properties are situated on 2 acres along 34th Street and feature expansive warehouse and office space. Fenced yards and easy trucking access are present. Rail access adds logistical value. The property, totaling 32315 square feet, is priced below replacement cost and presents a value-add opportunity with below-market rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lone Star Bearing Bearing Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    West Texas Cotton Warehouse, Lubbock Compress, Downtown Self Storage, Hart Moving & Storage Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.828607
    Latitude
    33.5630445

    Nearby Similar for Sale

    • $650,000

      Multifamily Investment Near Texas Tech

      Four properties near Texas Tech, offering diverse rental opportunities.
      Package Property, Lubbock, TX 79411
      View Details
    • $700,000
      7,768 SF

      Multifamily Property Near Texas Tech

      Multifamily property near Texas Tech, suitable for students and short-term rentals.
      2123 15Th St, Lubbock, TX 79401
      View Details
    • $333,000
      2,832 SF

      Historic Multifamily Property Near Texas Tech

      Six-bedroom property near Texas Tech, featuring unique historic details.
      2323 20Th St, Lubbock, TX 79411
      View Details
    • $415,000

      Lubbock Income-Generating Package Property

      Fully leased properties with strong rental history in desirable Lubbock locations.
      Package Property, Lubbock, TX 79410
      View Details
    • New
      $35,000
      Pending

      Lubbock Duplex Near Texas Tech

      Duplex in Lubbock near Texas Tech, great rental opportunity.
      1512 18Th St, Lubbock, TX 79401
      View Details
    • $385,000
      4,868 SF

      Spacious Duplex with Atriums

      Two units, each with private atrium and two-car garage.
      3313 74Th St, Lubbock, TX 79423
      View Details

    FAQs

    What type of property is this?
    Warehouse - Two-property investment with warehouse, office space, and rail access.
    Where is this warehouse located?
    The property is located at 702 E 34Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,615,750.
    What are key features of this property?
    This property features: - High 8.5% CAP Rate Investment Opportunity; - Below-Market Rents Present Value-Add Opportunity; - Priced Below Replacement Cost
    (806) 200-3244
    Request Owner's contact information
    702 E 34Th St Lubbock, TX 79404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 E 34Th St
    Lubbock, TX 79404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 E 34Th St Lubbock, TX 79404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.