Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4901 Memphis Avenue Lubbock, TX 79413

    View on Map
    Claim this Listing
    For Lease
    $1,600/Mo $5 SF/Yr (calc)

    COMMERCIAL - Lubbock, TX

    Type:Retail
    Property size:
    3,694 SF
    Lot size:
    0.31 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 30 at 6:06 pm

    Property Features for 4901 Memphis Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    C-2
    Standard status
    Active
    APN
    R103582
    Size
    3,694 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Description
    Murryhill N90'of L 204B
    Tax Annual Amount
    2833

    Building Details

    Year built
    1969
    Floors in Building
    1

    We can help!

    Listing Contact
    Jarrett Thornton

    Listing agent Jarrett Thornton License #0726551

    Listing office Jarrett Thornton 4630 50th St, Ste 618, Lubbock, TX

    Listing date Jan 26, 2026

    MLS# 202601168

    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.

    Overview

    Lubbock Retail/Office Space Available

    This commercial property in Lubbock, Texas, offers a central location suitable for retail or office use. Situated within eyesight of the 50th & Memphis intersection, the property provides high visibility and accessibility. The available space encompasses 3,694 square feet and is located on a 0.31-acre lot. Zoned C-2, the property is suitable for a variety of commercial uses. This location presents a great value for businesses seeking an affordable space in a central area of Lubbock.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fish Pro’s Aquarium ... (Bike/Boat/Book/etc) Store Fins & Things LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.895989
    Latitude
    33.550086

    Nearby Similar for Lease

    • $9,850/Mo

      Move-in Ready Lubbock Office Space

      3,292 SF office space with operatory spaces for rent.
      6102 82nd Street unit: 12, Lubbock, TX 79424
      View Details
    • $23,595 SF/Yr

      Lubbock Commercial Opportunity on Upland

      Prime commercial property in a rapidly growing Lubbock corridor.
      8312 Upland Avenue, Lubbock, TX 79424
      View Details
    • $1,995/Mo

      Functional Industrial Office Space

      Versatile 2,260 SF industrial office with warehouse and gated lot.
      719 Buddy Holly Avenue, Lubbock, TX 79401
      View Details
    • $12 SF/Yr

      Modern Lubbock Office/Warehouse Facility

      Versatile office and warehouse space in South Lubbock.
      3204 118th Street, Lubbock, TX 79423
      View Details
    • $3,869/Mo

      Move-in Ready Southwest Lubbock Office

      Modern office space with upgrades and convenient access in Lubbock.
      6403 107th Street unit: 100, Lubbock, TX 79424
      View Details
    • $2,600/Mo

      New Class A Office Space

      Premium office spaces in high-traffic Lubbock location, built in 2025.
      206 Slide Road, Lubbock, TX 79416
      View Details
    • $1,000/Mo

      Lubbock Office Suite For Rent

      Office suite for rent in Lubbock, Texas. 600 square feet.
      4630 50th Street unit: 400, Lubbock, TX 79414
      View Details
    • $1,100/Mo

      Lubbock Office Space For Rent

      Office space available in Lubbock, all utilities included.
      4630 50th Street unit: 110, Lubbock, TX 79414
      View Details
    • $1,100/Mo

      High-Traffic Retail Space Available

      Vacant retail space with high traffic in central Lubbock.
      2902 50th Street, Lubbock, TX 79413
      View Details
    • $1,600/Mo

      Downtown Lubbock Shell Space Available

      Shell space in Downtown Lubbock, ready for improvements to fit needs.
      1412 Texas Avenue, Lubbock, TX 79401
      View Details
    • $800/Mo

      Medical/Wellness Suite in Medical District

      Premier medical/wellness suites in the heart of the Medical District.
      3411 20th Street, Lubbock, TX 79410
      View Details
    • $2,150/Mo

      Downtown Lubbock Open Concept Space

      2,720 SF flexible space in the heart of downtown.
      1416 Texas Avenue, Lubbock, TX 79401
      View Details

    FAQs

    What type of property is this?
    Retail space - Central Lubbock retail or office space with high visibility.
    Where is this retail space located?
    The property is located at 4901 Memphis Avenue Lubbock, TX.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Central Lubbock location.; High visibility near 50th & Memphis intersection.; Suitable for retail, office, or similar businesses.
    (806) 781-6740
    We can help!
    Listing Contact
    Jarrett Thornton
    Real Estate License ID: 0726551
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!