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Property profile & analytics

2213 University Ave Lubbock, TX 79410-1651

  • Retail space
  • 4,453 SF
  • 0.16 lot acres
OFF-MARKET
Last Sale
Mar 20, 2024
Value Estimations
$370,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-3743676
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

  • Retail space

Property Details for 2213 University Ave

Year built
1960
Lot size
0.16 lot acres
Property size
4,453 SF
Zone code
38
Property type
Retail space
APN
R46506
APU
R46506

Description

This exceptional retail opportunity is situated on bustling University Avenue in Lubbock County, boasting unparalleled visibility and accessibility. With over 21,000 vehicles passing daily, this location ensures maximum exposure for your business. The property offers a total of 4,148 square feet, with a minimum divisible space of 1,398 square feet and a maximum of 2,750 square feet, providing flexibility for various business needs. The lot size is a generous 6,900 square feet. The building features modern amenities including two ADA-compliant restrooms, recently updated electrical systems, and a new HVAC system, ensuring a comfortable and efficient environment for tenants and customers. The landlord is open to negotiating tenant improvements, offering further customization options. This prime location benefits from its proximity to Texas Tech University, a major institution with over 40,000 students, and the Lubbock Medical District, guaranteeing a large and diverse customer base. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving area. Multiple tenancy options are available.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $295,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $448,000
    Market price range: $181k - $517k
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $350,000
    Current use
    OFFICE BUILDING
    $480,000
    Change: +38% Conversion: Easy
    COMMERCIAL (GENERAL)
    $445,000
    Change: +27% Conversion: Easy
    AUTO REPAIR, GARAGE
    $390,000
    Change: +12% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.87
Latitude
33.5735
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
$4,807
$27,600
$290,795
$318,395
-
$27,600
$290,795
$318,395
More about this property
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