Retail Building on Slide
For Sale
Contact for pricing
10310 Slide Rd, Lubbock, TX 79424
High-visibility commercial building suitable for retail or office tenants.
Property Size10,450 SF
Price / SF$267.94
Days on Market222
Property Features for 10310 Slide Rd
General Information
Standard status
Active
Size
10,450 SF
Property subtype
Industrial, Office, Retail
Zoning
HC - Heavy Commercial
Building Details
Year Built
2009
Year Renovated
2025
Buildings
1
Stories
1
Listing Agency:
KW Commercial Lubbock
(806) 392-0578
Listed By:
Jeremy Steen · License #TX 685530
Source:
Crexi
Added: Jan 13
Changed: Aug 23
Last Checked: Aug 14 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Lubbock
Investment Insights
Based on property information with market context.
This 10,450 square foot commercial building offers visibility and accessibility along Slide Road. The property is divisible into suites starting at 1,500 square feet, providing flexibility for retail or office tenants. The location benefits from foot traffic and consumer draw, surrounded by a mix of national and regional businesses including Sonic Drive-In, UMC Health and Wellness Center, Torchy’s Tacos, Sherwin-Williams, Summer Moon Coffee, Woodhouse Spa, Jersey Mike’s, and The Plaza Restaurant. The building is suitable for retail, professional office, or service-oriented users seeking a presence in a thriving area. Existing parking is ample with additional parking available to the east.
Key Highlights
- Exceptional visibility and accessibility on Slide Road.
- Divisible into suites starting at 1,500 square feet.
- Located in a thriving area with a strong mix of national and regional businesses.
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
$137,548
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
4.91%
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%
$2,750,960
$2.8M
Cap Rate 7%
$1,964,971
$2.0M
Cap Rate 9%
$1,528,311
$1.5M
Market Conditions
NOI Build-Up for 10,450 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
$244.5K $23.40/SF
− Vacancy
−$24.5K −$2.34/SF
EGI
$220.1K $21.06/SF
− OpEx
−$82.5K −$7.90/SF
NOI
$137.5K $13.16/SF
Area
Lubbock, TX
Vacancy
10.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
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%
$2,750,960
Cap Rate 7%
$1,964,971
Cap Rate 9%
$1,528,311
Alternative Uses
Best Use
Mixed Use
$1.96M
$1.72M – $2.29M
NOI $137,548 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.31M – $3.07M
NOI $184,413 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility commercial building suitable for retail or office tenants.
Where is this mixed-use property located?
The property is located at 10310 Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Exceptional visibility and accessibility on Slide Road.; Divisible into suites starting at 1,500 square feet.; Located in a thriving area with a strong mix of national and regional businesses.
