Last 24 Hours
$285,029
NAL Estimated Property Value8402 Avenue P, Lubbock, TX, 79423
Off Market
Commercial
— Beds
— Bath
7,832 Sq Ft
Built in 1989Highlights
Interior
Bedrooms —
Bathrooms —FlooringConcrete
Exterior
Lot Size13,249 sqft
Building Information
Year Built1989
Land Information
APNR69703
SubdivisionRhoades Heights
Land UseIndustrial
Legal DescriptionRHOADES HTS TR C
Census Tract010506
Assessed Land Value$13,249
Assessed Improvement Value$271,780
Assessment Year2025
About this property
If you are looking for some warehouse space along with some offices and a yard to park some vehicles or store items, this may be what you are looking for. There are 6 offices and a reception area, small kitchen along with 2 bathrooms. 3 different areas of storage. One are is 33x40 and the other 2 are 40x60. There are 3 overhead doors but 2 that are functional, has a small stockyard with front parking spaces. Located at 84th and Ave P makes it very accessible to HWY 87.
Investor Tools
$285,029
Estimated Property Value
$127,437Estimated Mortgage Balance
$157,592Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,176
$285,029
2025
$13,249
$271,780
$285,029
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,176
$285,029
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust Co
Commercial
$159,600
No
First
Oct 29, 2016
Dec 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,437
$157,592
55%
45%
$957/mo
12.4%