7008 Salem Ave Lubbock, TX 79424
- Office buildings
- 10,640 SF
- 0.72 lot acres
Current Use by Public Records
- Mc Dougal Construction / Apartment Rental Agency
- Heartland Solar / Solar Energy Company
- ConversionEngine / Marketing Agency
- Beacon Investigations & Polygraph, LLC / Private Investigator / Polygraph Service
- Verintegra Security & Investigations / Security Guard Service
Property Details for 7008 Salem Ave
- Year built
- 1986
- Lot size
- 0.72 lot acres
- Property size
- 10,640 SF
- Zone code
- 38
- Property type
- Office buildings
- APN
- R119633
- APU
- R119633
Description
This exceptional Lubbock, Texas property, located at 7008 Salem Ave, offers a unique blend of executive office suites and flexible coworking spaces. The 11,040 square foot building, situated on a 0.72-acre lot (APN R119633), boasts a Class D designation and underwent a significant renovation in 2017, enhancing its appeal and functionality. Built in 1986, the two-story structure provides ample space for various business needs. Currently, 10,000 square feet are available for lease, with options ranging from a minimum of 100 square feet to a maximum contiguous space of 1,000 square feet, catering to businesses of all sizes. The property features 58 parking spaces, ensuring convenient access for tenants and their clients. Its multiple tenancy structure allows for a diverse and vibrant community of professionals. This prime location in Lubbock County, Texas (zip code 79424), offers easy access to major transportation routes and local amenities. The property is ideal for businesses seeking a modern, well-maintained workspace in a thriving Texas city. Inquire today to explore the leasing opportunities and secure your ideal office space within this versatile and well-equipped building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $535,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $520,000
- Mixed-Use
- $530,000
- Hospitality
- $575,000
- Educational
- $620,000
- Residential Income
- $465,000
- Energy
- $640,000
- Income-Based Land
- $555,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.911
- Latitude
- 33.5294
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
