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$7,252,494

NAL Estimated Property Value

8901 US Highway 87, Lubbock, TX, 79423

Off MarketInfo
Baths0 Bath
Baths205,150 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size23.43 acres

Building Information

Year Built2007

Land Information

APNR63584
Lot Number200
Land UseIndustrial
Legal DescriptionBLK E SEC 8 AB 492 TR B ACS: 23.43
Census Tract010513
Assessed Land Value$306,183
Assessed Improvement Value$6,946,311
Assessment Year2025

About this property

+/- 3.7 acres of commercial land for sale just off HWY 87 / I27 and 84th st. Access road frontage and prime for development.

Investor Tools

Property Icon
$7,252,494
Estimated Property Value
$73,194Estimated Mortgage Balance
$7,179,300Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$43,515 /month
Positive
Cash Flow Estimate:
$14,505 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$11,155/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$97,603
$7,252,494
2025
$306,183
$6,946,311
$7,252,494
No

Tax History

Year
Tax Paid
Assessed Value
2024
$97,603
$7,252,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Shere Ray Reed
Commercial
$100,000
No
First
Apr 1, 2014
Aug 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,194
$7,179,300
98%
1%
$600/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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8901 US Highway 87 | Property Details | No Agent List