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$343,350

7007 Salem Park Drive, Lubbock, TX, 79424

Off MarketInfo
LeaseInfo
CommercialInfo
Baths0 Bath
Baths2,025 Sq Ft
OfficeOffice
price_per_sqft$1.48 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Wood

Exterior

Lot Size8,050 sqft

Building Information

Year Built1999

Land Information

APNR119219
Lot Number30
SubdivisionFurr Wolf
Land UseCommercial
Legal DescriptionFURR WOLF BLK 7 L 31 THRU 44
Census Tract001804
Assessed Land Value$28,175
Assessed Improvement Value$315,175
Assessment Year2025

About this property

Top-notch commercial office building in South Lubbock conveniently located with quick access to Loop 289 and a range of nearby amenities. With 2,025 square feet of space, ample parking and a high end design - this building is sure to impress staff and customers alike. Inside, you will find ample space for your business needs with 3 offices, meeting rooms, and common areas designed to promote productivity and collaboration. Whether you're an established business looking to expand or a startup looking for the perfect home, this commercial office building is the ideal choice for your business. Contact us today to learn more and schedule a tour of this premier Lubbock office space.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$663/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,235
$343,350
2025
$28,175
$315,175
$343,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,235
$343,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plainscapital Bank
Commercial
$294,000
No
First
May 4, 2023
May 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$991,902
N/A
0%
289%
$6,095/mo

Learn About the Market: Opportunity in Texas

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Explore

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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7007 Salem Park Drive | Property Details | No Agent List