12804 County Road 2500Lubbock, TX 79404

  • Office properties
  • 3,840 SF
For Sale
$450,000 View listing

Property Details for 12804 County Road 2500

Year built
2008
Lot size
0.96 AC
Property size (Sq ft)
3,840 SF
Property type
Office properties
Property subtype
Office buildings
APN
R163129
APU
R163129

Description

This exceptional 4,000-square-foot flex space in Lubbock, Texas, presents a unique owner-user opportunity. Located at 12804 County Rd 2500, this single-story, 2008-built building sits on a spacious 41,730-square-foot lot, offering ample room for expansion or outdoor storage. The property boasts a fenced laydown yard, adding significant value for businesses requiring outdoor space. Inside, the well-appointed space includes a convenient conference room, a fully equipped kitchen, three private offices, a welcoming reception area, and three bathrooms. Over 3,000 square feet of the building is climate-controlled, ensuring year-round comfort. The property is zoned for real commercial use, providing flexibility for a variety of businesses. Priced at $450,000 ($112.50 per square foot), the seller is open to owner financing, making this an attractive investment opportunity for qualified buyers. This versatile property is ideal for businesses seeking a blend of office and warehouse space with convenient amenities and outdoor storage. Don't miss this chance to own a prime piece of Lubbock commercial real estate.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $569,698
    6.5%
    $525,875
    7%
    $488,313
  • Comparable approach

    Method
    Valuation
    Relative Method
    $342,590
    Geo Method
    $462,029
  • Alternative Use

    Use
    Valuation
    Residential
    $652,085
    Hospitality
    $597,307
    Educational
    $496,952
    Medical
    $514,043
    Retail
    $773,036
12804 County Road 2500, Lubbock, Texas
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Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.4778
Longitude
-101.819
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
$4,880
$20,000
$305,000
$325,000
-
$20,000
$305,000
$325,000

FAQs

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