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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

407 M.l. King Jr. Blvd Lubbock, TX 79403

6,864 SF Built 1964
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-unit executive office building located at 407 M.L.K. Jr. Boulevard in Lubbock, Texas, 79403. The property, situated on a 19,561 square foot lot (APN R83112), boasts a total building size of 6,864 square feet and features three units, each offering 2,288 square feet of net rentable space. An additional 1,620 square feet is designated as a rentable "fun-house," adding versatility to the property's income potential. Built in 1964, the building is zoned C4 and benefits from convenient access to MLK Boulevard, Parkway, and 5th Street. One unit is currently leased as a garage, another was previously a barbershop, and a third unit offers nicely finished-out office space. This property presents a unique blend of existing income and potential for further development or lease customization, making it an attractive investment in a thriving Lubbock location. The asking price is $200,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1964
Total area 6,864 SF
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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