12516 Chicago Ave Lubbock, TX 79424-6451
Property profile & analytics
12516 Chicago Ave Lubbock, TX 79424-6451
- Warehouses
- 9,900 SF
- 1.51 lot acres
Property ID
US82-3820850
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.
Location Intelligence
Current Use by Public Records
- Agri-Tech Irrigation / Agricultural Service
Property Details for 12516 Chicago Ave
- Year built
- 2011
- Lot size
- 1.51 lot acres
- Property size
- 9,900 SF
- Zone code
- 19
- Property type
- Warehouses
- APN
- R68969
- APU
- R68969
Description
This exceptional 9,900-square-foot warehouse, situated on a generous 1.51-acre lot at 12516 Chicago Ave, presents a compelling investment opportunity. The property boasts a well-designed layout, including a functional office area complete with a reception area, four private offices, and a convenient breakroom. Two bathrooms are provided, one within the office space and another in the warehouse itself. The warehouse itself features impressive 25-foot ceiling height at its center, ensuring ample vertical space for storage or operations. The building is fully insulated, providing energy efficiency. Four overhead doors facilitate easy loading and unloading, complemented by a large, fenced-in stack lot for secure outdoor storage. The property's location within city limits offers convenient access to infrastructure and services. The property is currently serviced by a well and septic system. The owner's relocation is the impetus for this sale, presenting a unique chance to acquire a well-maintained and strategically located industrial property. This property is ready for immediate occupancy and offers significant potential for a variety of businesses.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $350,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $739,000
Market price range: $292k - $739k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $520,000 Current use
- AUTO REPAIR, GARAGE
- $870,000 Change: +67% Conversion: Easy
- COMMERCIAL (GENERAL)
- $645,000 Change: +24% Conversion: Difficult
- RETAIL STORES
- $435,000 Change: -16% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.931
- Latitude
- 33.4801
- 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
$12,841
$78,931
$616,999
$695,930
-
$78,931
$616,999
$695,930
