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$40,000

NAL Estimated Property Value

15706 Loop 493, Lubbock, TX, 79423

$52,000 ARVInfo
Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,058 Sq Ft
price_per_sqft$65.37 / sqft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCeramic Tile

Exterior

Lot Size4 acres

Land Information

APNR57208
Lot Number10
Land UseOther / Unknown
Legal DescriptionBLK E SEC 20 AB 1423 TR 1E ACS: 4
Census Tract010512
Assessed Land Value$40,000
Assessment Year2025

About this property

$50,000 Price Reduction! Great opportunity and endless potential with this property located adjacent to Lubbock Cooper High School, just off Woodrow Road and US Hwy 87 outside of Lubbock City Limits. Situated on just under .5 acre lot and formerly used as a church, the building offers just over 3000sqft, large open reception, spacious kitchen area, two bathrooms, and a large parking area/stack yard bordered by a 7 ft metal fence and gated entry. Whether you are looking for a church, office, storage, or shop space, this property offers flexibility and potential to finish out to fit your needs. All at a fantastic price!

Investor Tools

Property Icon
$40,000
Estimated Property Value
$129,751Estimated Mortgage Balance
$40,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$52,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$17/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$40,000
2025
$40,000
N/A
$40,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$40,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$140,250
No
First
May 27, 2022
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,751
N/A
0%
324%
$841/mo

City: Lubbock

15706 Loop 493 | Property Details | No Agent List