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    FOR SALE
    Commercial real estate

    708 Loop 289 SE, Lubbock, TX 79404

    30,300 SF 1.8 ac lot Built 2016
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US83-4029243
    Property summary
    AI-generated overview

    This exceptional industrial property in Lubbock, Texas, offers a unique opportunity for businesses seeking versatile warehouse space. The property boasts two buildings totaling 30,300 square feet, situated on a 1.8-acre lot with convenient SE Loop 289 frontage. The original 8,300-square-foot building, constructed in 1971 and renovated in 2016, features two offices, a break room, two restrooms, open warehouse space, and two drive-thru bays—one equipped with a floor drain. The second building, a 22,000-square-foot structure built in 2016, offers an open reception/showroom area, an office, a restroom, and ample warehouse space. This newer building is equipped with substantial 2,800 amp 3-phase electrical service, compressed air lines throughout, two ten-ton HVAC units, and four overhead doors. Both buildings are fully fenced and enclosed, providing secure parking and stack yard areas. The property is conveniently located at 708 SE Loop 289, Lubbock, TX 79404, and is zoned Light Industrial (LI), allowing for a variety of industrial uses, including warehousing, distribution, and light assembly. Minimum divisible space is 8,300 square feet, with a maximum contiguous space of 30,300 square feet. Importantly, this property is not located in a flood zone. The City of Lubbock's Unified Development Code, effective October 1, 2023, further clarifies permitted uses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2016
    Total area 30,300 SF
    Lot 1.8 ac (78,310 SF)
    Zoning code 38
    APN R106483
    UPID US83-4029243
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Regency Machine, Inc Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.57M
    Owner & transaction history
    Regency Machine INC · 7 yrs held
    Regency Machine INC
    since 2019
    7 recorded transactions
    2020
    2019
    2017
    2016
    2015
    2007
    2005
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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