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Property profile & analytics

2405 114th St Lubbock, TX 79423-7215

  • Office buildings
  • 5,000 SF
  • 0.62 lot acres
OFF-MARKET
Last Sale
Apr 22, 2021
Value Estimations
$280,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-2647795
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

  • Texas AirSystems / Hvac Contractor
  • Che Inc / Construction

Property Details for 2405 114th St

Year built
1984
Lot size
0.62 lot acres
Property size
5,000 SF
Zone code
19
Property type
Office buildings
APN
R47017
APU
R47017

Description

This exceptional Class A office building, located at 2405 114th St in Lubbock, Texas, presents a unique investment opportunity. The property boasts a total of 9,950 square feet, encompassing 6,750 square feet of meticulously renovated office space and 3,200 square feet of warehouse space. The modern office area features a blend of private offices, open workspaces, a spacious conference room, a well-equipped break room, restrooms, and substantial storage. A state-of-the-art HVAC system ensures year-round comfort. The warehouse component is strategically designed with two 14-foot and one 12-foot overhead doors, facilitating efficient loading and unloading. High-speed fiber internet connectivity is a key feature. Situated on a 0.62-acre lot outside city limits, the property includes attractive landscaping and operates on a well and septic system. Built in 1984 and extensively renovated in 2020, this dual-building property is zoned for its current use and is offered at an asking price of $2,250,000 ($226.13 per square foot). The property is currently vacant, presenting immediate occupancy potential for a wide range of businesses. The property's location in Lubbock County, Texas, offers easy access to major transportation routes and amenities. This is a turnkey opportunity for an investor seeking a high-quality, well-maintained commercial property in a desirable location. The APN is R47017.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $310,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $246,000
    Market price range: $230k - $714k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $505,000
    Current use
    RESTAURANT
    $510,000
    Change: +1% Conversion: Moderate
    COMMERCIAL (GENERAL)
    $465,000
    Change: -8% Conversion: Easy
    AUTO REPAIR, GARAGE
    $440,000
    Change: -13% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.868
Latitude
33.4903
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
$3,386
$81,009
$225,071
$306,080
-
$81,009
$225,071
$306,080
More about this property
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