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16706 Texas 493 Loop
Lubbock, TX 79423
Asking Price
Contact for price
Asset Type
Residential Mixed-use
Class
Class B
What's Special
Commerical Development Land | 12.53 Acres in Lubbock, TX <p>• Recently Appraised for $1,500,000 (Appraisal Available Upon Request)</p><p>• $88,244 Median Household Income - 5-Mile Radius* (Yardi)</p><p>• 1,300’ of Direct Frontage off Highway-87 with 17,000 Vehicles Passing Per Day</p><p>• Access to A-Rated Cooper ISD Schools (Niche)</p><p>• Positioned Outside City Limits (OCL) with Flexible Development Potential</p><p>• Strong Demand Drivers from Texas Tech University, University Medical</p><p>Center, Covenant Health & Medical District Employment</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
