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$975,000

NAL Estimated Property Value

406 F M 1585, Lubbock, TX, 79423

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths10 Sq Ft
price_per_sqft$97,500 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Vinyl

About this property

Future Loop 88 frontage and acquisition by TXDOT. 2,430 square foot house with 3 bedrooms, 2 bathrooms, an office, and 2 car garage. Really nice clean home with office or 4th bedroom. Home is currently leased @ $1525 per month. 5 bay metal building (4 open bays, one enclosed with door). 5 Acres. Currently has 13 RV spots @ $420 each. Small Livestock pens. Endless opportunities. See attached TXDOT acquisition map. TXDOT will purchase house and frontage acreage in near future. Near 100% occupancy at all times. Tenants pay electricity. Water provided to tenants via a water well.

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$0Estimated Mortgage Balance
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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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