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2862 34th St Lubbock, TX 79410-3524

OFF-MARKET Strip malls Google Maps
14,166 SF 0.36 ac lot Built 1946
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US82-2100743

Property summary

AI-generated overview

This exceptional investment opportunity presents a 14,166 square foot retail shopping center in Lubbock, Texas, boasting 100% occupancy. The property features two tenants, including a Dollar General that serves as a regional training center, ensuring strong, long-term revenue generation. Built in 1956, this single-story, 1-building center sits on a 15,600 square foot lot and is zoned F1 - Real Commercial. The current Net Operating Income (NOI) stands at $38,050, reflecting a stabilized investment with significant upside potential. Leases are modified gross, with tenants responsible for utilities. Below-market rents offer immediate value-add opportunities for the savvy investor. This property presents a rare chance to acquire a cash-flowing, multi-tenant retail center anchored by a national brand in a prime Lubbock location. The property consists of two units, offering flexibility and diversification. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1946
Total area 14,166 SF
Lot 0.36 ac (15,600 SF)
Zoning code 38
APN R54117
UPID US82-2100743

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Bank Credit Union

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2017
3 recorded transactions
2020
Price N/A
2017
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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