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    9607 Tx-114 Lubbock, TX 79407

    Sponsored
    For Sale
    $400,000

    1.72-acre lot, 5,000 sq ft metal building.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5,000-square-foot commercial building, situated on a 1.72-acre lot in Lubbock, Texas, presents a unique investment opportunity. Built in 2005, this Class C property is a 50ft x 100ft fully insulated metal building featuring high ceilings and HVAC – a rare combination in Lubbock. Currently configured as a former fireworks retail space, the building offers significant adaptability. Its location outside city limits, yet with prominent frontage along 19th Street (Levelland Highway), across from the Reese Golf Center and Reese Technology Center, provides excellent visibility and accessibility. Priced at $400,000 ($80/sq ft), this property is offered below replacement cost. Potential uses include continued retail operation, or conversion to industrial use through the addition of overhead doors and office space modifications. The single-tenancy building is zoned for commercial use. This property represents a compelling opportunity for investors seeking a versatile and well-located commercial asset in a growing area.

    Property Features for 9607 Tx-114

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,000 SF
    Class
    C
    Lot Size
    74,923 SF

    Building Details

    Year Built
    2005

    HighLights

    • 5,000 SF commercial building on a 1.72‑acre lot in Lubbock, TX.
    • Prominent 19th Street (Levelland Highway) frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -102.0288397182
    Latitude
    33.577203001001

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    FAQs

    What type of property is this?
    Multifamily property - 1.72-acre lot, 5,000 sq ft metal building.
    Where is this multifamily property located?
    The property is located at 9607 Tx-114 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 5,000 SF commercial building on a 1.72-acre lot in Lubbock, TX.; Prominent 19th Street (Levelland Highway) frontage.;
    Request Owner's contact information
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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
    9607 Tx-114 Lubbock, TX 79407
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