5113 Loop 289Lubbock, TX 79424

  • Hospitality properties
  • 37,167 SF
Off market
$2,500,000 Estimated

Property Details for 5113 Loop 289

Year built
1995
Lot size
1.32 AC
Property size (Sq ft)
37,167 SF
Zone code
38
Property type
Hospitality properties
Property subtype
Hotels
APN
R128561
APU
R128561

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,263,047
    6.5%
    $5,781,274
    7%
    $5,368,326
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,792,364
    Geo Method
    $10,509,044
  • Alternative Use

    Use
    Valuation
    Residential
    $6,311,472
    Hospitality
    $5,781,274
    Educational
    $4,809,952
    Medical
    $4,975,374
    Retail
    $7,482,148
5113 Loop 289, Lubbock, Texas

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5333
Longitude
-101.919
CBSA code
31180
CBSA name
LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,471
$402,458
$2,097,542
$2,500,000
-
$402,458
$2,097,542
$2,500,000

FAQs

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