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    2221 34Th St Lubbock, TX 79411

    For Sale
    $225,000

    2,570 SF Office, $225K

    Property size:
    2,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 2,570 square foot office building, situated on a 4,116 square foot lot in Lubbock, Texas (79411), presents a compelling investment opportunity for owner-users or investors. Built in 1954 and recently renovated (2022-2023), the property boasts a Neighborhood Commercial (NC) zoning designation. The building currently generates income from two month-to-month executive office tenants. An additional revenue stream is available through the sale of a covered parking lot behind the building, currently leased for approximately $450 per month. Note that the seller does not own the adjacent open parking lot. The property's address is 2221 34th Street, offering excellent street frontage. This is a single-building property located in Lubbock County. The asking price for this turnkey opportunity is $225,000.

    Property Features for 2221 34Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,570 SF

    Building Details

    Year Built
    1954
    Buildings
    1

    HighLights

    • $225,000 asking price.
    • 2,570 square foot office building.
    • Built in 1954, one building on a 4,116 square foot lot.
    • Neighborhood Commercial (NC) zoning.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Richard ... Insurance Agency Brothers Pest Control Pest Control Service The Source Pickers Business Center Farmers Insurance - David ... Insurance Agency Jeter - Pittman Insurance ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8639299
    Latitude
    33.5629857

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    FAQs

    What type of property is this?
    Office Property / Space - 2,570 SF Office, $225K
    Where is this office property / space located?
    The property is located at 2221 34Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price.; 2,570 square foot office building.; Built in 1954, one building on a 4,116 square foot lot.
    (806) 784-3258
    Request Owner's contact information
    2221 34Th St Lubbock, TX 79411
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    Lubbock, TX 79411
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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
    2221 34Th St Lubbock, TX 79411
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