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Days57Days on Market
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$750,000

7409 Marsha Sharp, Lubbock, TX, 79407

On MarketInfo
Baths0 Bath
Baths1,575 Sq Ft

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available

Exterior

Lot Size1.80 acres

Building Information

Year Built1945
Roof Type112
Garage Spaces600

Land Information

APNR130737
Land UseResidential
Legal DescriptionBLK AK SEC 31 AB 243 TR 5 ACS: 1.798 (LESS BLDG ONLY)
Census Tract010412
Assessed Land Value$18,000
Assessed Improvement Value$136,489
Assessment Year2025

About this property

Prime 1.8-Acre Commercial Lot on Hwy 62-82 Frontage in Southwest Lubbock across from Marsha Sharp Located in a thriving development area near the brand new Grace Surgical Hospital, this 1.8-acre parcel offers outstanding potential for various commercial uses. Ideal for industrial offices, general businesses, restaurants, or any high-traffic commercial project, this property benefits from excellent visibility and accessibility for vehicles exiting the highway. Key Features: 1.8 acres of prime commercial land Direct frontage on Hwy 62-82 High-traffic location in a popular development area, 2 wells and 2 septic tanks on the property Beautifully lined with pine trees All items on the land will be cleared, except for the home, red barn, and chicken coop, making it ready for your development needs. Don't miss this opportunity to secure a prime location for your next commercial venture!

Investor Tools

$0Estimated Mortgage Balance
$269,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Henry Gomez

WTX Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$643
$154,489
2025
$18,000
$136,489
$154,489
No

Tax History

Year
Tax Paid
Assessed Value
2024
$643
$154,489

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$269,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
6.4%

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.

Explore Texas Explore This Area
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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7409 Marsha Sharp | Property Details | No Agent List