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    1719 Buddy Holly Ave Lubbock, TX 79401

    • Warehouses
    • 8,710 SF
    • 0.15 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimation
    Location Intelligence
    Property ID
    US83-4190248
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Depot District / Tourist Attraction
    • Bentley Arrow / Craft Store

    Property Details for 1719 Buddy Holly Ave

    Year built
    1957
    Lot size
    0.15 lot acres
    Property size
    8,710 SF
    Zone code
    38
    Property type
    Warehouses
    APN
    R126464
    APU
    R126464

    Description

    This exceptional 13,000 square foot, two-story freestanding building in Lubbock, Texas presents a unique investment opportunity. Previously a successful nightclub and restaurant, this versatile property boasts 12,818 square feet of net rentable space and offers immense potential for various uses, including retail, restaurants, event venues, or service-based businesses. The building features a distinctive wrap-around upper balcony, a spacious lower patio area, and a fully equipped commercial kitchen. Large overhead doors seamlessly connect the interior to the vibrant nightlife of the Depot District. The upper floor provides open views of the lower level, creating a dynamic atmosphere. Located on Buddy Holly Avenue in the heart of the Depot District, this high-visibility corner property enjoys close proximity to popular attractions like the Triple J Chophouse and Cactus Theater, as well as convenient access to I-27 and Marsha Sharp Freeway, and minutes from Texas Tech. The current tenant's lease expires December 31, 2024, offering flexible lease terms. This property's historical charm, adaptable layout, and prime location make it an ideal investment for those seeking a prominent and dynamic space in Lubbock's thriving market. The property's APN is R126464. The asking price is $1,400,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $415,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $355,000
      Mixed-Use
      $355,000
      Hospitality
      $365,000
      Educational
      $430,000
      Residential Income
      $395,000
      Energy
      $395,000
      Income-Based Land
      $435,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.844
    Latitude
    33.5792
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,747
    $13,000
    $430,321
    $443,321
    -
    $13,000
    $430,321
    $443,321

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    1719 Buddy Holly Ave
    Lubbock, TX 79401
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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
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