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Property profile & analytics
OFF-MARKET Estimated value $5,190,000
Auto shops

702 Loop 289 Lubbock, TX 79416-4200

205,567 SF 34.16 ac lot Built 1995
Entity Owned Free & Clear
Property ID
US82-3258739
Property summary
AI-generated overview

This exceptional 10.467-acre industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Strategically located on the south side of Northeast Loop 289, this property offers unparalleled access to major transportation arteries, including Loop 289 and Interstate 27, ensuring seamless logistics and efficient distribution. The property is zoned Light Industrial (LI), providing flexibility for a wide range of industrial development projects. The land is uniquely divided into two sections, each offering distinct advantages for development. Significant frontage along Loop 289 provides exceptional visibility and accessibility. The asking price for this prime industrial land is $975,000. This location in Lubbock County, Texas, zip code 79403, presents a rare chance to acquire a substantial tract of land ideally suited for various industrial uses. The property's convenient location and zoning make it an attractive prospect for businesses seeking a strategic foothold in a thriving market. Detailed site plans and further information are available upon request. Don't miss this chance to secure this valuable asset in a rapidly growing area.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1995
Total area 205,567 SF
Lot 34.16 ac (1,487,798 SF)
Zoning code 38
APN R140046
UPID US82-3258739
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
  • Walmart teles Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.19M
Owner & transaction history
WAL-MART REAL EST
WAL-MART REAL EST
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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