Technical
Financial
Distress signals
Property profile

2901 Loop 289 SE Lubbock, TX 79404

FOR SALE
Office buildings
Property ID
US82-3520223
6,400 SF 3.91 ac lot Built 1969
Individually Owned Free & Clear
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2901 Loop 289 SE, Lubbock, TX 79404 For Sale
Contact for pricing 6,400 SF
2901 Loop 289 SE, Lubbock, TX 79404
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Property summary

AI-generated overview

This exceptional 15-acre commercial and industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Strategically located at 2901 & 3001 SE Loop 289, this property boasts significant frontage on both 66th Street and the Loop access road, ensuring excellent visibility and accessibility. Zoned for heavy manufacturing, the site is ready for immediate development. Utilities are readily available upon platting, simplifying the construction process. The land itself is notably level, eliminating costly grading expenses. Further enhancing its appeal, this property is conveniently situated outside of any designated flood zones. Adding to its desirability is the existing Guava Avenue frontage, featuring a paved street. The asking price for this prime industrial land is $800,000, representing a significant value proposition given its size, location, and zoning. This is an ideal location for businesses seeking a large, well-situated plot in a thriving Texas market. The property's features make it suitable for a wide range of industrial and commercial uses. Don't miss this chance to acquire a substantial piece of Lubbock real estate. The address is 2901 & 3001 SE Loop 289, Lubbock, TX 79404.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 6,400 SF
Lot 3.91 ac (170,215 SF)
Zoning code 38
APN R27582
UPID US82-3520223

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
  • Waste Management Facility Hazardous Waste Disposal

Location

2901 Loop 289 SE Lubbock, TX 79404
Lubbock metro Census 10203 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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