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    407 Mlk Jr Blvd Lubbock, TX

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    For Sale
    $200,000

    Retail building featuring multiple units with flexible layout options.

    Property size:
    6,864 SF
    Lot size:
    0.45 Acres

    Property Features for 407 Mlk Jr Blvd

    General Information

    Size
    6,864 SF
    Lot size
    0.45 Acres

    Source: Westar Commercial Realty Agent Kevin Watt

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

    Overview

    Retail Building with Multiple Units

    The property consists of three units, each measuring 2,288 square feet, in addition to a 1,620-square-foot rental fun-house. The total property size is 6,864 square feet. The location provides convenient access to MLK Jr Boulevard, Parkway, and 5th Street. One of the units is currently leased as a garage. Another unit was formerly used as a barbershop. The south unit features a finished office space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8521082
    Latitude
    33.584646

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    FAQs

    What type of property is this?
    Retail space - Retail building featuring multiple units with flexible layout options.
    Where is this retail space located?
    The property is located at 407 Mlk Jr Blvd Lubbock, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Three units, each 2,288 SF, plus a 1,620 SF rental fun-house, offering diverse income streams and usage possibilities.; - Easy access to MLK, Parkway, and 5th Street, providing excellent connectivity.; - Garage unit is currently leased, ensuring immediate rental income.
    (806) 797-3231
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    407 Mlk Jr Blvd Lubbock, TX
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    Lubbock, TX
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    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
    407 Mlk Jr Blvd Lubbock, TX
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