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Property profile & analytics
FOR SALE
Commercial real estate

3807 34Th St Lubbock, TX 79410

2,841 SF 0.2 ac lot Built 1966
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US82-3615504
Property summary
AI-generated overview

This freestanding, 5,230 square foot retail building, located at 3807 34th Street in Lubbock, Texas, is offered at $499,900. Built in 1966 and renovated in 1990, the property sits on an 8,519 square foot lot and is zoned NC (Neighborhood Commercial). Currently operating at 100% occupancy as a single-tenant auto shop, the building features approximately 2,830 square feet of flexible showroom and office space, plus shop/warehouse space including a two-car bay with overhead doors. The layout includes two offices and two showroom areas. A recent roof replacement enhances the property's value. The high traffic counts on 34th Street make this an ideal location for a variety of businesses, including automotive repair or service, stereo or audio shops, furniture or mattress showrooms, appliance sales and repair, and similar ventures. The property is a Net Lease (NNN) with no remaining lease term. This presents a unique opportunity for owner-occupancy or investment. The building's features and location offer significant potential for continued success or adaptation to new business needs. The asking price per square foot is $95.58.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Total area 2,841 SF
Lot 0.2 ac (8,519 SF)
Zoning code 38
APN R121098
UPID US82-3615504
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vernon's Signature Audio Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Steven L Vernon · 20 yrs held
Steven L Vernon
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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