1502 36Th StLubbock, TX 79404

Property Details for 1502 36Th St

Year built

1963

Lot size

0.89 AC

Property size (Sq ft)

34,582 SF

Zone code

38

Property type

Office buildings

APN

R34137

APU

R34137

Description

This Lubbock, Texas industrial property, located at 1502 E 36th St, 79404, offers 34,582 square feet of versatile space ideal for distribution, flex, or warehouse operations. Priced at $1,900,000 ($60/SF), this Class B building sits on a .9 to 1.1-acre lot zoned M-1. The property boasts 5 dock-high doors, providing efficient loading and unloading capabilities. Furthermore, it includes a convenient rail spur with two elevated receiving docks, enhancing logistical efficiency. The warehouse features a 17-foot ceiling height and is equipped with a comprehensive fire suppression system. Internally, a firewall with two sliding fireproof doors divides the 31,000 square foot warehouse space equally. An additional 3,000 square feet of office space is also included. The property enjoys excellent access to major transportation arteries, including easy access off East 34th Street and MLK Blvd, and proximity to I-27, ensuring seamless distribution and accessibility. Currently vacant, this property presents a significant opportunity for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,130,547

  6.5%

  $4,735,890

  7%

  $4,397,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,085,276

  Geo Method

  $4,160,906

• Alternative Use

  Use

  Valuation

  Residential

  $5,872,503

  Hospitality

  $5,379,181

  Educational

  $4,475,416

  Medical

  $4,629,332

  Retail

  $6,961,758

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5612

Longitude

-101.819

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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