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$323,031

500 N University Ave, Lubbock, TX, 79415

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths13,916 Sq Ft
IndustrialIndustrial
price_per_sqft$28.38 / sqft
Year BuiltBuilt in 1959

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size4.90 acres

Building Information

Year Built1959
Garage Spaces12800

Land Information

APNR57251
Lot Number20
SubdivisionMcwhorter
Land UseIndustrial
Legal DescriptionROBERTS-MCWHORTER BLK 87 S/PT OF L 1
Census Tract000201
Assessed Land Value$106,735
Assessed Improvement Value$216,296
Assessment Year2025

About this property

Exceptional commercial-industrial property in an ideal location of Lubbock! Boasting over 12,000 sqft of cinder block construction, this space is designed for durability and functionality, making it perfect for various industrial needs. Property is priced accordingly for the improvements needed to make this a great asset. Key Features: 14' Ground Level Overhead Doors: Easy access from University Ave for loading and unloading operations with spacious access points Expansive Land Area: Nearly 5 acres of fenced land provide ample space for outdoor storage, parking, or future expansion projects Strategic Location: Benefit from the property's strategic location with swift and easy access to both Loop 289 and I-27, ensuring seamless transportation and logistics for your business Multi-Tenant Potential: Property presents an excellent opportunity for multi-tenant occupancy, allowing you to maximize your investment Zoned for Success: The property is zoned for heavy commercial

Investor Tools

Property Icon
$323,031
Estimated Property Value
$0Estimated Mortgage Balance
$323,031Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$623/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,864
$323,031
2025
$106,735
$216,296
$323,031
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,864
$323,031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$323,031
100%
0%
$0/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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500 N University Ave | Property Details | No Agent List