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Lubbock Inn 910 Avenue Q 25 Room Hotel Lubbock, TX 79401 $1,200,000 ($48,000/Room) 13% Cap Rate
Investment Highlights
- Existing hotel asset with value-add potential
- Two-story layout with efficient floorplates
- Centrally located near downtown and Texas Tech
- Reinforced concrete construction with wet sprinklers
- Surface parking with easy guest access
- Flexible repositioning or renovation opportunity
Executive Summary
Lubbock Inn presents an excellent value-add hospitality opportunity in the heart of Lubbock, offering strong fundamentals and flexible repositioning potential. Built in 1961 and situated on Avenue Q, the property benefits from steady traffic volumes, proximity to local employers, and easy access to downtown and Texas Tech University. With reinforced concrete construction, wet fire sprinklers, and two-story design, the building provides a solid foundation for renovation, rebranding, or continued operation as an affordable lodging option. The property includes surface parking, a functional layout, and a typical floorplate suited for efficient guest circulation. Investors seeking an entry-level hospitality asset or a redevelopment opportunity will appreciate the strategic location, existing infrastructure, and potential to enhance revenue through improved management or capital upgrades. This site is well positioned for long-term performance within Lubbock’s stable and demand-driven hospitality market.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$28.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,000
|
$28.38
|
| Taxes |
$10,000
|
$0.95
|
| Operating Expenses |
$140,000
|
$13.25
|
| Total Expenses |
$150,000
|
$14.19
|
| Net Operating Income |
$150,000
|
$14.19
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $28.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $28.38 |
| Taxes | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $0.95 |
| Operating Expenses | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $13.25 |
| Total Expenses | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $14.19 |
| Net Operating Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $14.19 |
Property Facts
| Price | $1,200,000 | Lot Size | 0.39 AC |
| Price Per Room | $48,000 | Building Size | 10,570 SF |
| Sale Type | Investment | No. Rooms | 25 |
| Cap Rate | 13% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1961 |
| Property Type | Hospitality | Parking Ratio | 2.84/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | Hotel Commercial - Hotel - Commercial | ||
| Price | $1,200,000 |
| Price Per Room | $48,000 |
| Sale Type | Investment |
| Cap Rate | 13% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,570 SF |
| No. Rooms | 25 |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.84/1,000 SF |
| Corridor | Exterior |
| Zoning | Hotel Commercial - Hotel - Commercial |
Amenities
- Room Service
- Wheelchair Accessible
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
About 910 AVENUE Q , LUBBOCK, TX 79401
Nice Clean Hotel. Great downtown location. Close to Texas Tech. Close to M.S Freeway and Interstate I-27.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $55.00 | - |
1 1
Property Taxes
| Parcel Number | R65337 | Total Assessment | $750,000 (2025) |
| Land Assessment | $132,752 (2025) | Annual Taxes | $10,000 ($0.95/SF) |
| Improvements Assessment | $617,248 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R65337
Land Assessment
$132,752 (2025)
Improvements Assessment
$617,248 (2025)
Total Assessment
$750,000 (2025)
Annual Taxes
$10,000 ($0.95/SF)
Tax Year
2024
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Presented by
Aarya Hospitality LLC
Lubbock Inn | 910 Avenue Q
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