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$380,000

NAL Estimated Property Value

4701 S Loop 289 4703, Lubbock, TX, 79424

$494,000 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths19,025 Sq Ft
OfficeOffice
price_per_sqft$120.89 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size13,926 sqft

Building Information

Year Built1985

Land Information

APNR47559
Lot Number40
SubdivisionFurr Wolf
Land UseCommercial
Legal DescriptionFURR WOLF BLK 6 L 4
Census Tract001804
Assessed Land Value$118,371
Assessed Improvement Value$261,629
Assessment Year2025

About this property

This well-maintained 19,025 sf building on Lubbock's South Loop is for sale below the appraised "as-is" value of $2,330,000. Renovated in 2018, this property would make an excellent owner-occupied office or investment property once backfilled at market rental rates. The property has excellent visibility and access from the loop, which sees over 60,000 vehicles per day. The property is zoned "C-2" and can accommodate a variety of office or retail uses. It is located outside of the FEMA flood zone. The owner currently occupies 15,000 sf of the property and will require a leaseback of 6 to 12 months after closing. The 4,000 sf unit is leased through July 2024. Financial information is available upon request. The 15,000 sf unit is also available for lease at $15.00/sf/yr + NNN.

Investor Tools

Property Icon
$380,000
Estimated Property Value
$174,313Estimated Mortgage Balance
$205,687Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$494,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,070
$380,000
2025
$118,371
$261,629
$380,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,070
$380,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Fha
$218,886
Yes
First
Sep 29, 2016
Oct 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,313
$205,687
54%
46%
$1,313/mo

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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4701 S Loop 289 4703 | Property Details | No Agent List