3309 101st St Lubbock, TX 79423-4047
- Office buildings
- 12,300 SF
- 1.37 lot acres
Current Use by Public Records
- Interim Healthcare Foundation / Association / Organization
- Action Behavior Centers - ABA Therapy for Autism / Pediatrician
- Treehouse Children's Academy / Daycare Center
- Playhouse / Training Center / Tutoring Service
Property Details for 3309 101st St
- Year built
- 2003
- Lot size
- 1.37 lot acres
- Property size
- 12,300 SF
- Property type
- Office buildings
- APN
- R174874
- APU
- R174874
Description
This exceptional investment opportunity presents a 12,881 square foot, multi-tenant retail property in Lubbock, Texas, currently housing Action Behavior Centers and Treehouse Children's Academy. Built in 2003, this property sits on a 1.37-acre lot and boasts 100% occupancy with two tenants. The strong financial performance is highlighted by a 7.50% cap rate and a Net Operating Income (NOI) of $309,775. The asking price is $4,130,000. Both tenants benefit from annual rent increases and corporate guarantees, providing significant stability and future growth potential. Action Behavior Centers, a leading provider of ABA therapy, is experiencing substantial expansion, projecting over 300 locations across six states by the end of 2024. This rapid growth is further supported by a private equity firm acquisition in 2022, valuing the company at $840 million. The property's strategic location enjoys high visibility to over 22,733 vehicles daily and benefits from a strong demographic profile, including a population of 167,052 residents within a five-mile radius and an average household income exceeding $117,043 within one mile. The surrounding area is experiencing robust growth, with projected population and household increases of approximately 10% by 2028. The property's proximity to major retailers like Big Lots, Kohl's, and Dollar Tree further enhances its appeal and accessibility. This is a rare opportunity to acquire a high-performing, multi-tenant property in a thriving market with significant long-term growth potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,757,000
Market price range: $566k - $1.76M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,245,000 Current use
- RESTAURANT
- $1,255,000 Change: +1% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,145,000 Change: -8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,080,000 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
- -101.887
- Latitude
- 33.5018
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
