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    4416 74Th St Lubbock, TX 79424

    Sponsored
    For Sale
    $1,600,000

    11,424 SF Medical Office - $1.6M

    Property size:
    11,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,424-square-foot medical office building, located at 4416 74th Street in Lubbock, Texas, presents a compelling investment opportunity. Built in 1984 and extensively renovated in 2016, the property boasts a single-story design offering ample space for a variety of medical practices. The asking price is $1,600,000, translating to a price per square foot of $140.06. The building underwent a complete remodel in 2016, ensuring modern and efficient layouts. Furthermore, a new roof was installed in 2022, demonstrating a commitment to ongoing maintenance and upgrades. Situated in Lubbock County, Texas, with a zip code of 79424, this property benefits from a convenient location within the city of Lubbock. The property's single-story configuration provides easy accessibility and functionality. Detailed information regarding the property's layout and specifications is available upon request. This turnkey medical office building represents a rare opportunity to acquire a well-maintained and updated property in a thriving Texas market. Don't miss this chance to own a valuable asset in a high-demand sector.

    Property Features for 4416 74Th St

    General Information

    Property type
    Medical offices
    Square Feet
    11,424 SF

    Building Details

    Year Built/Renovated
    1984/2016
    Buildings
    1
    Stories
    1

    HighLights

    • 11,424 SF medical office building in Lubbock, TX, asking $1,600,000 ($140.06/SF).
    • Completely remodeled in 2016 with a new roof in 2022.
    • Single‑story building at 4416 74th Street, Lubbock, TX 79424.
    • Turnkey property in a high‑demand market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lubbock Insulation Insulation Contractor TAJ Hospitality Management Property Management Company Wisdom and Truth Wellness Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9081545
    Latitude
    33.5275612

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    FAQs

    What type of property is this?
    Medical office - 11,424 SF Medical Office - $1.6M
    Where is this medical office located?
    The property is located at 4416 74Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 11,424 SF medical office building in Lubbock, TX, asking $1,600,000 ($140.06/SF).; Completely remodeled in 2016 with a new roof in 2022.; Single-story building at 4416 74th Street, Lubbock, TX 79424.
    Request Owner's contact information
    4416 74Th St Lubbock, TX 79424
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    Lubbock, TX 79424
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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
    4416 74Th St Lubbock, TX 79424
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