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Property profile & analytics
OFF-MARKET
Warehouses

710 Loop 289 Lubbock, TX 79404

7,500 SF 0.45 ac lot Built 1971
Trust Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-4227019
Property summary
AI-generated overview

This exceptional 0.92-acre lot presents a unique investment opportunity in Lubbock, Texas. Strategically located at 710 N Loop 289, this property boasts convenient access to both N Loop 289 and I-27, ensuring excellent connectivity to the surrounding area. The land is zoned for mixed commercial and residential use, offering unparalleled flexibility for a wide range of development projects. Whether you envision constructing a new home or establishing a commercial venture, this property provides a blank canvas for your vision. The asking price is $99,000, and owner financing is available, making this an attractive proposition for both investors and developers. The land's value is $2.45 per square foot. This prime location in Lubbock County, Texas (zip code 79403) offers a rare chance to build your future. The property's versatility and prime location make it an ideal choice for those seeking a lucrative investment or a unique development opportunity. Don't miss this chance to acquire a piece of Lubbock's thriving real estate market. The latitude and longitude coordinates are 33.619184 and -101.843211 respectively.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1971
Total area 7,500 SF
Lot 0.45 ac (19,724 SF)
Zoning code 38
APN R106509
UPID US83-4227019
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nix,janell K Trust · 10 yrs held
Nix,janell K Trust
since 2016
3 recorded transactions
2016
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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