5220 75Th StLubbock, TX 79424

Property Details for 5220 75Th St

Year built

1987

Lot size

0.34 AC

Property size (Sq ft)

2,990 SF

Zone code

38

Property type

Commercial real estate

APN

R131060

APU

R131060

Description

This freestanding Class B office building, situated on a 14,814 sq ft lot in South Lubbock, presents a compelling investment opportunity. Built in 1987, the 2,990 sq ft building is ideally suited for a variety of professional and medical uses. Currently configured as a daycare, the adaptable floor plan includes nine individual offices, a spacious open work area, multiple restrooms, a kitchen, and ample storage. The property boasts a large fenced outdoor area, offering potential for expansion or additional parking. Its prime location, one block west of Slide Road on 75th Street, places it within a high-density area near other office buildings, multi-family residences, and single-family homes in Lubbock, Texas, zip code 79424. The asking price is $527,360. This property offers significant potential for return on investment due to its versatile layout, desirable location, and ample outdoor space. The building's existing infrastructure provides a solid foundation for immediate occupancy or future renovations to suit specific business needs. The property's location within a thriving community ensures high visibility and accessibility for clients and employees. This is an exceptional opportunity to acquire a well-maintained, versatile commercial property in a rapidly growing area of Lubbock.

• CAP approach

  CAP return

  Valuation

  6%

  $502,739

  6.5%

  $464,067

  7%

  $430,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $266,757

  Geo Method

  $359,757

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $880,051

  Retail / Commercial

  $457,861

  Mixed-Use / Specialty

  $461,411

  Hospitality / Lodging

  $345,269

  Office

  $464,067

  Institutional / Educational

  $481,533

  Residential Income

  $563,394

  Multifamily

  $646,978

  Automotive / Energy

  $412,743

  Parking / Income-Based Land

  $137,313

  Restaurant / Food Service

  $251,042

  Healthcare / Senior Housing

  $467,854

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5263

Longitude

-101.925

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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