3807 34Th St Lubbock, TX 79410
- Commercial real estate
- 2,841 SF
- 0.20 lot acres
Current Use by Public Records
- Vernon's Signature Audio / Glass Repair Service / Home Cinema Installation
Property Details for 3807 34Th St
- Year built
- 1966
- Lot size
- 0.20 lot acres
- Property size
- 2,841 SF
- Zone code
- 38
- Property type
- Commercial real estate
- APN
- R121098
- APU
- R121098
Description
This freestanding, 5,230 square foot retail building, located at 3807 34th Street in Lubbock, Texas, is offered at $499,900. Built in 1966 and renovated in 1990, the property sits on an 8,519 square foot lot and is zoned NC (Neighborhood Commercial). Currently operating at 100% occupancy as a single-tenant auto shop, the building features approximately 2,830 square feet of flexible showroom and office space, plus shop/warehouse space including a two-car bay with overhead doors. The layout includes two offices and two showroom areas. A recent roof replacement enhances the property's value. The high traffic counts on 34th Street make this an ideal location for a variety of businesses, including automotive repair or service, stereo or audio shops, furniture or mattress showrooms, appliance sales and repair, and similar ventures. The property is a Net Lease (NNN) with no remaining lease term. This presents a unique opportunity for owner-occupancy or investment. The building's features and location offer significant potential for continued success or adaptation to new business needs. The asking price per square foot is $95.58.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $395,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $455,000
- Mixed-Use
- $465,000
- Hospitality
- $510,000
- Educational
- $405,000
- Residential Income
- $430,000
- Energy
- $375,000
- Income-Based Land
- $420,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.897
- Latitude
- 33.563
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA