3315 81St StLubbock, TX 79423

Property Details for 3315 81St St

Year built

1982

Lot size

0.47 AC

Property size (Sq ft)

7,738 SF

Zone code

38

Property type

Office buildings

APN

R135426

APU

R135426

Description

This exceptional Lubbock, Texas office property, Spring Park, offers a variety of flexible spaces ideal for businesses of all sizes. Located at 3315 81st Street, near the intersection of 82nd Street and Indiana Avenue, this single-story, Class B building boasts 7,580 total square feet. Built in 1982 and extensively renovated in 2018, the property is zoned NC (Neighborhood Commercial) within Lubbock County. The building comprises one suite, offering multiple tenancy options. Individual spaces range from a minimum of 674 square feet to a maximum contiguous space of 924 square feet, with one currently available space ranging from 293 to 924 square feet. The property is well-suited for executive offices and traditional office setups, catering to diverse professional needs. Its convenient South Lubbock location provides easy access to major thoroughfares and surrounding amenities. This is a fantastic opportunity to secure prime office space in a well-maintained and updated building. The property's single-story design offers convenient accessibility, while the recent renovations ensure a modern and efficient workspace. Don't miss this chance to establish your business in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,301,070

  6.5%

  $1,200,990

  7%

  $1,115,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $690,355

  Geo Method

  $931,036

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,277,540

  Retail / Commercial

  $1,184,930

  Mixed-Use / Specialty

  $1,194,110

  Hospitality / Lodging

  $893,541

  Institutional / Educational

  $1,246,190

  Residential Income

  $1,458,040

  Multifamily

  $1,674,350

  Automotive / Energy

  $1,068,160

  Parking / Income-Based Land

  $355,361

  Restaurant / Food Service

  $649,686

  Healthcare / Senior Housing

  $1,210,790

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5207

Longitude

-101.887

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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