Last 24 Hours
$795,000
3201 116th St, Lubbock, TX, 79423
On Market
Commercial
— Beds
— Bath
2,510 Sq Ft
Unimproved Land
Built in 1986Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size11.57 acres
Building Information
Year Built1986
Land Information
APNR94007
Land UseIndustrial
Legal DescriptionBLK E2 SEC 21 AB 270 TR A1 ACS: 11.569
Census Tract010512
Assessed Land Value$50,395
Assessment Year2025
About this property
2.22 Per square foot. Motivated seller for this long time former golf driving range at 116th and Indiana. 29.95 acres of ready for development land in south Lubbock.
Investor Tools
$0Estimated Mortgage Balance
$50,395Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,809
$50,395
2025
$50,395
N/A
$50,395
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,809
$50,395
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$50,395
100%
0%
$0/mo
12.4%