407 M.l. King Jr. Blvd Lubbock, TX 79403
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.