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702 E 34th St 32,315 SF Industrial Building Lubbock, TX 79404 $1,565,750 ($48.45/SF) 8.77% Cap Rate
Executive Summary
Two-property investment opportunity offering an 8.77% CAP rate in Lubbock, TX. Situated on 2 acres along 34th Street, the sites feature expansive warehouse and office space, fenced yards, and easy trucking access. Rail access adds additional logistical value. Value-add opportunity with below-market rents. Property is priced below replacement cost, creating strong upside potential.
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Property Facts
| Price | $1,565,750 | Rentable Building Area | 32,315 SF |
| Price Per SF | $48.45 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 8.77% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.33 AC |
| Price | $1,565,750 |
| Price Per SF | $48.45 |
| Sale Type | Investment |
| Cap Rate | 8.77% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.33 AC |
| Rentable Building Area | 32,315 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 0.31/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
1 1
Property Taxes
| Parcel Number | R74716 | Improvements Assessment | $181,401 |
| Land Assessment | $28,865 | Total Assessment | $210,266 |
Property Taxes
Parcel Number
R74716
Land Assessment
$28,865
Improvements Assessment
$181,401
Total Assessment
$210,266
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702 E 34th St
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