Technical
Financial
Distress signals
Property profile

702 Loop 289 Lubbock, TX 79416

OFF-MARKET
Auto shops
Property ID
US82-3258739
205,567 SF 34.16 ac lot Built 1995
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

702 Loop 289 Lubbock, TX 79416-4200
Lubbock metro Census 408 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
by Request
Blend (final) Blend
$5.19M

Owner & transaction history

Zoning & alternative use

38 · Lubbock, TX

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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