7010 Cedar Ave Lubbock, TX 79404-5808
- Distribution centers
- 19,500 SF
- 2.00 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 7010 Cedar Ave
- Year built
- 1979
- Lot size
- 2.00 lot acres
- Property size
- 19,500 SF
- Zone code
- 38
- Property type
- Distribution centers
- APN
- R55488
- APU
- R55488
Description
This exceptional 8,500-square-foot warehouse, situated on approximately one acre of land in Lubbock County, Texas, presents a compelling investment opportunity. The property boasts a single-tenant occupancy, simplifying management and maximizing rental income potential. The warehouse features one dock-high door and three drive-in doors, ensuring efficient loading and unloading operations. Internal improvements include three dedicated office areas, providing ample space for administrative functions. The property's location at 7010 Cedar Ave, Lubbock, TX 79404, offers convenient access to major transportation routes, enhancing its logistical advantages. The building's single-story design optimizes space utilization and minimizes operational costs. This property is classified as industrial and is ideal for a variety of businesses requiring substantial storage and operational space. The combination of its size, location, and features makes this warehouse a highly attractive option for businesses seeking a functional and strategically located facility in the thriving Lubbock market. The property is zoned for industrial use and is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $535,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $540,000
- Mixed-Use
- $590,000
- Hospitality
- $645,000
- Educational
- $575,000
- Residential Income
- $550,000
- Energy
- $625,000
- Income-Based Land
- $595,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.833
- Latitude
- 33.5313
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA