Property profile

4015 34Th St Lubbock, TX 79413

FOR SALE
Retail space
Property ID
US82-4751244
20,333 SF 0.93 ac lot Built 1973
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a glass-front commercial building with 26,833 square feet of warehouse/showroom space (total building area stated as 20,333 square feet) and 269 feet of frontage on historic 34th Street. The facility is zoned for commercial use and includes air-conditioning and heating across both the showroom and warehouse areas, supported by three newer rooftop HVAC units. Loading and unloading are facilitated by overhead doors located at the front, side, and rear of the building. Electrical systems include a multi-panel 200-amp service, and the warehouse area has heavy-duty storage racks. The interior layout features a showroom floor and warehouse, with three enclosed offices located behind a large reception/check-out desk, along with flexible additional rooms that can function as conference or training space or as added storage; a show kitchen with installed appliances is also included. The property includes an installed, fully wired security system with DVR and associated hardware. The grounds provide parking for over 30 vehicles. The building includes a configuration that can support subdivision, subject to a workable floor plan.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Total area 20,333 SF
Lot 0.93 ac (40,300 SF)
Zoning code 38
APN R88528
UPID US82-4751244

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
  • Home Appliance Store
  • Carpet & Flooring Store Hardware & Home Improvement

Location

4015 34Th St Lubbock, TX 79413
Lubbock metro Census 1905 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$610k

Owner & transaction history

Zoning & alternative use

38 · Lubbock, TX
Top alternative use upside
Office building $2.2M +37.7%
Commercial (general) $2.0M +26.5%
Auto repair, garage $1.8M +11.9%

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?”
More about this property
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