Storefront Building with Sales
For Sale
$95,000
404 Austin Street, Levelland, TX 79336
COMMERCIAL - Levelland, TX
Property Size625 SF
Lot Size0.16 Acres
Price / SF$152
Days on Market49
Property Features for 404 Austin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Lot features
City Lot, Rectangular Lot
Elementary school
South
Middle school
Levelland
High school
Levelland
Elementary school district
Levelland ISD
Middle school district
Levelland ISD
High school district
Levelland ISD
Subdivision
Hockley County
Standard status
Active
APN
4953
Size
625 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Ot Levelland, Block 131, Lot 5
Tax Annual Amount
1092
Legal Description
Ot Levelland, Block 131, Lot 5
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
office area
bathroom
sales counter
Building Details
Floors in Building
1
Building materials
Brick Veneer
Roof type
Metal
Listing Agency:
Stueart Real Estate, LLC
(806) 893-1188
Listed By:
Michael Stueart · License #0729206
(806) 893-1188
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 12 at 1:06AM
MLS# 202608735
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 625-square-foot storefront property includes a dedicated office area, bathroom, and sales counter within a compact commercial layout. Brick veneer construction and a metal roof define the building’s exterior, while public water and public sewer serve the property.
The parcel encompasses 0.16 acres at 404 Austin Street in Levelland, Texas. Its combination of retail-oriented space, office functionality, and customer service area provides a straightforward physical setup for an owner-user or operator seeking a small commercial location.
The parcel encompasses 0.16 acres at 404 Austin Street in Levelland, Texas. Its combination of retail-oriented space, office functionality, and customer service area provides a straightforward physical setup for an owner-user or operator seeking a small commercial location.
Key Highlights
- 625 square feet of storefront space
- 0.16‑acre parcel at 404 Austin Street
- Office area, bathroom, and sales counter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$169,320
$169.3K
Cap Rate 7%
$120,943
$120.9K
Cap Rate 9%
$94,067
$94.1K
Market Conditions
NOI Build-Up for 625 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.8K $20.52/SF
− Vacancy
−$731 −$1.17/SF
EGI
$12.1K $19.35/SF
− OpEx
−$3.6K −$5.81/SF
NOI
$8.5K $13.55/SF
Area
Hockley County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$169,320
Cap Rate 7%
$120,943
Cap Rate 9%
$94,067
Alternative Uses
Best Use
Retail
$120.9K
$105.8K – $141.1K
NOI $8,466 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.01M
$6.13M – $8.18M
NOI $490,502 @ 7.0% cap · market cap 516.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 77%
Shops & Services 23%
Higginbotham Bartlett
Home Improvements & Furnishings
3,046 visits/mo
0.2 miles
Gebo's
Home Improvements & Furnishings
1,848 visits/mo
0.5 miles
AutoZone
Shops & Services
1,020 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
433 visits/mo
0.4 miles
Demographics for 79336, TX
15,953
Population
6,584
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
482.8 sq mi
ZIP Area
33
Density / Sq Mi
$52,724
Median Household Income
$34,213
Median Earnings
$803
Median Rent
$124,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lou Dee's Floral — 614 Ave H, Levelland, TX 79336
- Sugarbee's Gift & Floral — 802 College Ave, Levelland, TX 79336
Frequently Asked Questions
What type of property is this?
Storefront property - Compact retail space with an office, restroom, and customer-facing sales area.
Where is this storefront property located?
The property is located at 404 Austin Street Levelland, TX.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 625 square feet of storefront space; 0.16‑acre parcel at 404 Austin Street; Office area, bathroom, and sales counter
