5402 4Th StLubbock, TX 79416

Property Details for 5402 4Th St

Year built

1982

Property size (Sq ft)

2,344 SF

Zone code

38

Property type

Turn key restaurants

APN

R95650

APU

R95650

Description

This exceptional 19,000 square foot medical office space is ideally situated in Suite B of the North Point Center, a thriving retail hub in Northwest Lubbock, Texas. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking ample space and high visibility. Located at 5402 4th Street, zip code 79416, this Class C retail and office space benefits from its strategic placement within a major retail center anchored by established businesses such as Big Lots and TruFit Athletic Clubs. This high-traffic location ensures significant daily exposure to potential patients and clients. The property's convenient access and prominent position along 4th Street, a thoroughfare with a daily traffic count of 23,258 vehicles, guarantees excellent visibility and accessibility. The building offers an in-line retail suite configuration, providing a readily adaptable space for a variety of medical uses. This single-tenant property presents a rare opportunity to establish or expand a medical practice in a dynamic and well-established commercial center. The property is classified as a Class C building and is categorized as a retail and office space with a medical office subtype. The address is verified as 5402 4th St, Lubbock, TX 79416.

• CAP approach

  CAP return

  Valuation

  6%

  $511,197

  6.5%

  $471,874

  7%

  $438,169

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,990

  Geo Method

  $710,716

• Alternative Use

  Use

  Valuation

  Residential

  $398,044

  Hospitality

  $364,606

  Educational

  $303,348

  Medical

  $313,780

  Retail

  $471,874

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5937

Longitude

-101.925

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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