Last 24 Hours
$772,784
NAL Estimated Property Value905 Avenue K, Lubbock, TX, 79401
Off Market
Commercial
2 Beds
2 Bath
7,242 Sq Ft
$110.45 / sqft
Built in 1941Highlights
Interior
Bedrooms 2
Bathrooms 2FlooringConcrete, Wood
Exterior
Lot Size9,757 sqft
Building Information
Year Built1941
Land Information
APNR102392
Lot Number20
SubdivisionOriginal Town Lubbock
Land UseCommercial
Legal DescriptionORIG T LUBBOCK BLK 86 L 2-4
Census Tract000700
Assessed Land Value$19,500
Assessed Improvement Value$753,284
Assessment Year2025
About this property
Modern, industrial style space located in the growing downtown area. Open and bright 2 story office space has a full kitchen, stainless steel appliances and gas range. 2 full bathrooms with granite countertops and separate tub and shower stalls. 4 office cubicles, meeting rooms and large common area. The outdoor courtyard provides a quiet atmosphere that leads to a balcony using the metal spiral staircase. This space can also be a residential downtown loft. Plenty of storage throughout.
Investor Tools
$772,784
Estimated Property Value
$515,097Estimated Mortgage Balance
$257,687Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,491/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,033
$772,784
2025
$19,500
$753,284
$772,784
No
Tax History
Year
Tax Paid
Assessed Value
2024
$14,033
$772,784
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Peoples Bank
Unknown
$657,400
No
First
Mar 30, 2016
Oct 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$515,097
$257,687
33%
67%
$3,942/mo
12.4%