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$298,000

NAL Estimated Property Value

5515 134th St, Lubbock, TX, 79424

$307,589 ARVInfo
Off MarketInfo
Baths1 Bath
Baths1,440 Sq Ft
price_per_sqft$206.94 / sqft
Year BuiltBuilt in 1994

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available

Exterior

Lot Size5 acres

Building Information

Year Built1994
Garage Spaces720

Land Information

APNR86320
SubdivisionFrankford Farms South
Land UseResidential
Legal DescriptionFRANKFORD FARMS SOUTH TR 7
Census Tract010422
Assessed Land Value$55,000
Assessed Improvement Value$96,961
Assessment Year2025

About this property

Nice 5 Acre Tract, Currently Zoned Residential, Potential for commercial development with commercial Shop rentals across the street to the North. Easy access off of loop 88 and Chicago. 1500 sq ft building that was previously operated as dog grooming and kennel business. There are also 2 mobile homes and 2 septic systems.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$0Estimated Mortgage Balance
$298,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$307,588
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$246/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,465
$111,617
2025
$55,000
$96,961
$151,961
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,465
$111,617

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$298,000
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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5515 134th St | Property Details | No Agent List