$525,000
201 Ne Loop 289, Lubbock, TX, 79403
On Market
Commercial
Highlights
Interior
FlooringCarpet, Concrete, Tile
Exterior
Lot Size22,500 sqft
Building Information
Year Built1983
Land Information
APNR87126
Lot Number40
SubdivisionCroslin Industrial
Land UseIndustrial
Legal DescriptionCROSLIN INDUSTRIAL L 4
Census Tract000100
Assessed Land Value$11,250
Assessed Improvement Value$119,226
Assessment Year2025
About this property
Great office with warehouse and stack yard, offering many business possibilities. All with secured gated access. Office has 6 individual office spaces, breakroom and 3 restrooms. Entry/Lobby could be a nice showroom or customer seating area. Warehouse has 4 bays with large overhead doors and automatic openers. 6 covered parking spaces and plenty of open parking spaces (full concrete). The property is meticulously landscaped with irrigation. Office and stackyard are fully fenced with gated access. Additional land could be expanded upon, if needed.
Investor Tools
$151,870Estimated Mortgage Balance
$130,476Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,550
$130,476
2025
$11,250
$119,226
$130,476
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,550
$130,476
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$200,000
No
First
Apr 30, 2015
Apr 2025
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,870
N/A
0%
116%
$1,200/mo
