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Property summary
This exceptional 4,400 square foot commercial property in Lubbock, Texas, presents a unique investment opportunity. Situated on a 1.35-acre lot, the property boasts a well-maintained office space and a substantial warehouse, offering diverse business possibilities. The office area features six individual offices, a convenient breakroom, and three restrooms. A spacious entry/lobby area is ideal for use as a showroom or customer waiting area. The warehouse component includes four bays, each equipped with large overhead doors and automatic openers, ensuring efficient loading and unloading. Six covered parking spaces are available, along with ample open parking on a fully concreted surface. The entire property is meticulously landscaped and features an irrigation system. Security is enhanced by a fully fenced perimeter with gated access for both the office and the adjacent stackyard. The existing infrastructure provides a solid foundation for a variety of businesses, and the additional land offers potential for future expansion. The property is priced at $699,000 and offers a compelling combination of office, warehouse, and outdoor storage space, all within a secure and well-maintained environment. This is a rare opportunity to acquire a versatile commercial property in a desirable Lubbock location.
Property profile
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Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lubbock market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 38 in Lubbock, TX.
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