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2429 34Th St Lubbock, TX 79411

Strip malls Google Maps
3,360 SF 0.14 ac lot Built 1951
Entity Owned 13-yr Hold Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US82-4522641

Property summary

AI-generated overview

This exceptional 1700-square-foot executive office space, located at 2429 34th Street in Lubbock, Texas, presents a fantastic opportunity for businesses seeking a versatile and conveniently located property. The single-tenant space is classified as retail/office and boasts a flexible layout ideal for a variety of professional uses. Features include a dedicated office room and substantial storage or warehouse space, perfect for inventory or equipment. Large front windows provide excellent natural light and enhance the professional aesthetic. The property's location in central Lubbock offers easy access to major thoroughfares, including University Avenue and Interstate 27, ensuring convenient commutes for employees and clients. Ample on-site parking is also available, eliminating parking hassles. This property in Lubbock County, Texas (zip code 79411) is situated at 33.5629629 latitude and -101.8694398 longitude. The space is ready for immediate occupancy and represents a compelling opportunity to establish or expand your business in a thriving Lubbock location. This single-tenant property offers a unique blend of office and storage space, making it suitable for a range of businesses needing both professional office space and additional storage capacity. The strategic location and ample parking make this property a highly desirable option for businesses seeking a prominent presence in Lubbock.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1951
Total area 3,360 SF
Lot 0.14 ac (6,048 SF)
Zoning code 38
APN R67348
UPID US82-4522641

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2013
7 recorded transactions
2013
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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