Technical
Financial
Distress signals
Property profile

1610 Buddy Holly Ave Lubbock, TX 79401

OFF-MARKET
Other commercial real estate
Property ID
US82-4735757
2,262 SF 0.07 ac lot Built 1950
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 2,000 square foot freestanding building is ideally located on Buddy Holly Avenue in Lubbock, Texas, within the Depot District. Currently configured as a spa, the property features a reception area, three private offices, a kitchen, a bathroom, and substantial rear storage space. The storage area offers significant potential for expansion, allowing for conversion into additional office space to meet specific business needs. The building is equipped with a comprehensive security system, including a monitored alarm, a remote-access camera system, data connections in all areas, and a video intercom. Its convenient location provides easy access to downtown Lubbock, Interstate 27, Marsha Sharp Freeway, Texas Tech University, and the Medical District. The property's versatile layout and modern amenities make it suitable for a variety of service-oriented businesses, office users, or those seeking a smaller, efficient workspace. The single-tenant occupancy offers flexibility and control. This is a prime opportunity to acquire a well-maintained and strategically positioned commercial property in a thriving Texas city. Lubbock County location offers a strong business environment.

Property profile

Verified
Property type Other commercial real estate
Use group OFFICE BUILDING
Year built 1950
Total area 2,262 SF
Lot 0.07 ac (3,250 SF)
Zoning code 38
APN R122963
UPID US82-4735757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

1610 Buddy Holly Ave Lubbock, TX 79401-5133
Lubbock metro Census 700 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2015
$76,143

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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