4010 82Nd StLubbock, TX 79423

Property Details for 4010 82Nd St

Year built

1989

Lot size

2.41 AC

Property size (Sq ft)

31,686 SF

Zone code

38

Property type

Office buildings

APN

R113863

APU

R113863

Description

This exceptional two-story, free-standing executive office building, located in Lubbock County at the intersection of 82nd Street and Quaker Avenue, offers a prime opportunity for businesses seeking flexible and high-visibility space. The Kingsgate Professional Building, part of the Kingsgate Shopping Center development, boasts a total of 30,118 square feet, with 15,993 square feet currently vacant. Units range from a minimum of 333 square feet to a maximum contiguous space of 6,582 square feet, catering to a variety of business needs. The building's strategic location within the shopping center ensures high daytime traffic and convenient access to numerous amenities, enhancing employee convenience and attracting clients. Constructed in 1989, the building sits on a 2.41-acre lot, providing ample parking and potential for future expansion. The property offers multiple tenancy options, making it ideal for both established businesses and startups. Its prominent location on 82nd Street guarantees excellent visibility and accessibility, making it an attractive option for businesses seeking to establish a strong presence in South Lubbock. The available space presents a unique opportunity to secure a well-located, versatile office space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,700,900

  6.5%

  $4,339,292

  7%

  $4,029,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,826,905

  Geo Method

  $3,812,460

• Alternative Use

  Use

  Valuation

  Residential

  $5,380,722

  Hospitality

  $4,928,712

  Educational

  $4,100,631

  Medical

  $4,241,658

  Retail

  $6,378,759

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5206

Longitude

-101.901

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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