Property profile

5310 Englewood Ave Lubbock, TX 79424

OFF-MARKET
Commercial real estate
Property ID
US82-3602108
56,934 SF 2 ac lot Built 2004
Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 73-key hotel presents a compelling investment opportunity in Lubbock, Texas. Located at 5310 Englewood Ave, Lubbock, TX 79424, this three-story property boasts 139,833 square feet situated on a 2-acre lot. Built in 2004, the hotel offers a contemporary design and ample parking with a ratio of 0.86 spaces per 1000 square feet. The asking price is $5,999,000, representing a price per key of approximately $82,192. This established hotel is strategically positioned in a high-growth area of Lubbock, offering significant potential for return on investment. The property's size and location make it an attractive option for both seasoned investors and those seeking to enter the hospitality market. The building class is C. This turnkey operation provides immediate income potential and the opportunity to capitalize on the thriving Lubbock market. Detailed financial information and operational data are available upon request. Don't miss this chance to acquire a well-established hotel in a dynamic Texas city.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2004
Total area 56,934 SF
Lot 2 ac (87,120 SF)
APN R304439
UPID US82-3602108

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
  • Electric Vehicle Charging Station
  • University
  • Hotel & Motel

Location

5310 Englewood Ave Lubbock, TX 79424-1163
Lubbock metro Census 1715 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.03M
Blend (final) Blend
$1.50M

Owner & transaction history

since 2004
7 recorded transactions
2016
Price N/A
2016
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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