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Property profile & analytics

1615 Texas Ave Lubbock, TX 79401-5140

  • Flex space
  • 20,342 SF
  • 0.60 lot acres
OFF-MARKET
Value Estimation
$690,000
Location Intelligence
Property ID
US83-3782109
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

  • McPherson Cellars Winery / Winery / Event Venue

Property Details for 1615 Texas Ave

Year built
1957
Lot size
0.60 lot acres
Property size
20,342 SF
Zone code
38
Property type
Flex space
APN
R122782
APU
R122782

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $670,000
  • CAP approach

    CAP return
    Estimation
    6%
    $760,000
    6.5%
    $760,000
    7%
    $700,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $665,000
    Geo Method
    $805,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $865,000
    Retail
    $700,000
    Mixed-Use
    $740,000
    Hospitality
    $755,000
    Educational
    $895,000
    Residential Income
    $760,000
    Energy
    $830,000
    Income-Based Land
    $905,000
    Food Service
    $690,000

Location Insight

  • Map
  • Local Demand
City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.845
Latitude
33.5803
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
$19,504
$52,000
$1,043,534
$1,095,534
-
$52,000
$1,043,534
$1,095,534
More about this property
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