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$273,725

NAL Estimated Property Value

1706 23rd St, Lubbock, TX, 79411

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths5,420 Sq Ft
price_per_sqft$46.13 / sqft
Year BuiltBuilt in 1953

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size25,760 sqft

Building Information

Year Built1953
Roof Type105

Land Information

APNR110666
Lot Number24
SubdivisionMccrummen 2nd
Land UseCommercial
Legal DescriptionMCCRUMMEN 2ND BLK 14 L 23-26
Census Tract001402
Assessed Land Value$77,280
Assessed Improvement Value$196,445
Assessment Year2025

About this property

Unique opportunity in the previous historic church currently used for offices with hard wood floors, four office suites, conference area with full kitchen, centrally located with easy access to downtown, and 24 parking spots with approximately 5420 square feet.

Investor Tools

Property Icon
$273,725
Estimated Property Value
$160,974Estimated Mortgage Balance
$112,751Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,642 /month
Positive
Cash Flow Estimate:
$547 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,249
$273,725
2025
$77,280
$196,445
$273,725
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,249
$273,725

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank & Trust Co
Commercial
$174,000
No
First
May 20, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,974
$112,751
41%
59%
$1,044/mo

City: Lubbock

1706 23rd St | Property Details | No Agent List