Last 24 Hours
$308,726
NAL Estimated Property Value1416 Avenue Q, Lubbock, TX, 79401
Off Market
Commercial
— Beds
— Bath
4,400 Sq Ft
Built in 1960Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size8,113 sqft
Building Information
Year Built1960
Land Information
APNR136212
Lot Number4
SubdivisionOverton
Land UseCommercial
Legal DescriptionOVERTON BLK 9 L 4
Census Tract000607
Assessed Land Value$24,338
Assessed Improvement Value$284,388
Assessment Year2025
About this property
Majority open showroom with 1 private office along with additional rooms which could be converted into office space, file rooms etc ~ Multi-functional space ~ 2 restrooms ~ Large parking lot in at the rear of building ~ 2 HVAC units
Investor Tools
$308,726
Estimated Property Value
$113,826Estimated Mortgage Balance
$194,900Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,852 /month
Positive
Cash Flow Estimate:
$617 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$596/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,606
$308,726
2025
$24,338
$284,388
$308,726
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,606
$308,726
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aimbank
Open End Mortgage / Open End With Future Advance Clause
$130,550
No
First
Nov 22, 2019
Nov 2029
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,826
$194,900
63%
37%
$783/mo
12.4%