307 Frankford Ave Lubbock, TX 79416-1531
Property profile & analytics
307 Frankford Ave Lubbock, TX 79416-1531
- Office buildings
- 3,300 SF
- 0.43 lot acres
Property ID
US82-2883944
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.
Location Intelligence
Current Use by Public Records
- Lamb Sleep Center / Medical Clinic
Property Details for 307 Frankford Ave
- Year built
- 2000
- Lot size
- 0.43 lot acres
- Property size
- 3,300 SF
- Zone code
- 38
- Property type
- Office buildings
- APN
- R154823
- APU
- R154823
Description
This exceptional 3,300 square foot medical office building presents a compelling investment opportunity in Lubbock, Texas. Located at 307 Frankford Ave, in North Lubbock, near the intersection of 4th and Frankford, this single-tenant Class B property boasts a prime location. Built in 2000 and extensively renovated in 2023, the building is ideally suited for its current use as a sleep center. The property features ample parking with 23 spaces available for patients and staff. The 0.43-acre lot provides ample space for future expansion or outdoor amenities. The asking price is $400,000, translating to $121.21 per square foot. This is a NNN lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the owner's operational expenses. The single-tenant occupancy ensures a streamlined management process and predictable income stream. This turnkey investment is ready for an immediate return, offering a rare opportunity to acquire a well-maintained, recently renovated medical office building in a thriving Lubbock neighborhood. The property's strategic location and recent renovations make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. This is a truly exceptional opportunity to own a piece of Lubbock's growing healthcare sector.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.939
- Latitude
- 33.5939
- 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
$6,860
$74,496
$340,151
$414,647
-
$74,496
$340,151
$414,647
