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$285,029

NAL Estimated Property Value

8402 Avenue P, Lubbock, TX, 79423

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths7,832 Sq Ft
Year BuiltBuilt in 1989

Highlights

Interior

Bathrooms 0Bathrooms 0
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

Property Icon
$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

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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

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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8402 Avenue P | Property Details | No Agent List