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Property profile & analytics
FOR SALE
Retail space
2221 34Th St Lubbock, TX 79411
Individually Owned
21-yr Hold
Free & Clear
Property ID
US82-4725921
For Sale
1 / 24
Contact for pricing
2221 34Th St, Lubbock, TX 79411
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Property summary
AI-generated overview
This 2,570 square foot office building, situated on a 4,116 square foot lot in Lubbock, Texas (79411), presents a compelling investment opportunity for owner-users or investors. Built in 1954 and recently renovated (2022-2023), the property boasts a Neighborhood Commercial (NC) zoning designation. The building currently generates income from two month-to-month executive office tenants. An additional revenue stream is available through the sale of a covered parking lot behind the building, currently leased for approximately $450 per month. Note that the seller does not own the adjacent open parking lot. The property's address is 2221 34th Street, offering excellent street frontage. This is a single-building property located in Lubbock County. The asking price for this turnkey opportunity is $225,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
2,570 SF
Lot
0.09 ac (4,111 SF)
Zoning code
38
APN
R39155
UPID
US82-4725921
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Farmers Insurance - Richard Sutton Insurance Agency
-
Brothers Pest Control Garden Center
-
The Source Pickers Business Service Center Corporate Office
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Farmers Insurance - David Jeter Insurance Agency
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Jeter - Pittman Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David C Jeter · 21 yrs held
David C Jeter
since 2005
2 recorded transactions
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lubbock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lubbock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,859
Tax year 2023
Assessed value
$110,000
Assessed 2024
Previous assessed
$100,000
+10.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$10,278
Assessed improvement
$99,722
Land market value
$10,278
Improvement market value
$99,722
Total market value
$110,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1954
Heating
NONE
Total area
2,570 SF
Lot
0.09 ac (4,111 SF)
Zoning code
38
APN
R39155
UPID
US82-4725921
Jurisdiction
LUBBOCK
Zoning & alternative use
38 · Lubbock, TXZoning 38 · permitted uses
38 · Lubbock, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
David C Jeter
Individual
Free & Clear · 21 yrs held
Mailing address
2221 34TH ST, LUBBOCK, TX 79411-1700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2005
—
David C Jeter
Jeter,david C & Karen S
Quit Claim Deed
related
—
—
—
David C Jeter
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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