Restaurant Building with
6313 19th Street Lubbock, TX 79407
For Sale
$250,000
COMMERCIAL - Lubbock, TX
Property Size1,850 SF
Lot Size0.21 Acres
Price / SF$135.14
Days on Market502
Property Features for 6313 19th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- R38021
- Size
- 1,850 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- West End Pl Anx Blk 2 W55'of 4
- Tax Annual Amount
- 2363
Utilities
- Heating system
- Central
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1954
Listing Agency:
Steadfast Realty, LLC
(806) 451-4767
Listed By:
Jim Archer · License #0693553
(806) 786-4407
Added: Mar 10, 2025
Changed: Jun 29
Last Checked: Jul 24 at 10:06PM
MLS# 202551493
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 commercial property in Lubbock, Texas, presents an opportunity for restauranteurs or entrepreneurs. The building, formerly Lillie's Place, is equipped for immediate use and features a double drive-through and a dining room. The property is located in a rapidly growing area of Lubbock County, with high daily traffic of over 20,000 vehicles. The building has a total area of 1850 square feet and is situated on a 0.21-acre lot. The roof and AC were replaced in 2017, and the water heater was replaced in 2020.
Key Highlights
- Double drive‑through plus dining room setup for business operations
- Roof replaced in 2017; AC replaced in 2017; water heater replaced in 2020
- Central heating and central air with ceiling fans
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $16.20 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $27.9k | $15.07 |
| − OpEx | −$7.0k | −$3.77 |
| NOI | $20.9k | $11.30 |
1,850 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$298.6K
$261.3K – $348.4K
NOI $20,904 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.4K
$408.1K – $544.1K
NOI $32,647 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lillie's Place
Restaurant
FAQs
What type of property is this?
Drive through restaurant - Turn-key restaurant opportunity in a high-traffic Lubbock location.
Where is this drive through restaurant located?
The property is located at 6313 19th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Double drive‑through plus dining room setup for business operations; Roof replaced in 2017; AC replaced in 2017; water heater replaced in 2020; Central heating and central air with ceiling fans
