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    302 Avenue O Lubbock, TX 79401

    For Sale
    $350,000

    Lubbock, TX Office Building - $350K

    Property size:
    5,086 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This well-maintained, 5,086 square foot Class C office building at 302 Avenue O in Lubbock, Texas, presents a compelling investment opportunity. Currently 100% occupied with a gross lease, this single-tenant property boasts updated features including fresh exterior paint and new vinyl plank flooring. The interior layout includes versatile office space, a conference room, a reception area, and open warehouse/workspace. The property is zoned IHC and sits on a 0.18-acre lot (APN R102938), offering convenient access to US-82 and Texas Tech University. Its prime location is directly across Marsha Sharp Freeway from the new Buddy Holly Hall of Performing Arts Building, providing excellent visibility and accessibility to I-27. Built in 1965, this building is ideally suited for medical or traditional office use. The property is situated within an Opportunity Zone, offering potential tax advantages. While this building is available for purchase independently, it can also be packaged with an adjacent 7.5 acres of vacant land (not included in this listing's price). The asking price is $350,000, translating to $65.98 per square foot. This represents a strong value proposition for investors seeking a stable, income-producing asset in a desirable Lubbock location.

    Property Features for 302 Avenue O

    General Information

    Property type
    Medical offices
    Square Feet
    5,086 SF
    Class
    C
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1965
    Buildings
    1

    HighLights

    • 5,086 SF Class C office building in Lubbock, TX.
    • 100% occupied with a gross lease; single‑tenant.
    • Updated features include fresh exterior paint and new vinyl plank flooring.
    • Versatile office space, conference room, reception area, and open warehouse/workspace.
    • 0.18‑acre lot (APN R102938), zoned IHC, near US‑82 and Texas Tech University.
    • Excellent visibility across from Buddy Holly Hall, accessible to I‑27.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8527835
    Latitude
    33.5940213

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    FAQs

    What type of property is this?
    Medical office - Lubbock, TX Office Building - $350K
    Where is this medical office located?
    The property is located at 302 Avenue O Lubbock, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 5,086 SF Class C office building in Lubbock, TX.; 100% occupied with a gross lease; single-tenant.; Updated features include fresh exterior paint and new vinyl plank flooring.
    Request Owner's contact information
    302 Avenue O Lubbock, TX 79401
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    Lubbock, TX 79401
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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
    302 Avenue O Lubbock, TX 79401
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