Retail Building in High-Traffic
1102 Ave Q Lubbock, TX 79401
1102 Ave Q, Lubbock, TX, 79401
$2,400,000
For Sale
$2,400,000
9,984 SF retail building on 0.92-acre lot for sale.
Property Size9,984 SF
Lot Size0.92 Acres
Price / SF$240.38
Days on Market109
Property Features for 1102 Ave Q
General Information
- Standard status
- Active
- Size
- 9,984 SF
- Lot size
- 0.92 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2013
Listing Agency
Coldwell Banker Commercial Capital Advisors
(806) 793-0888
Listed by
Alex Eberhardt
(806) 793-0888
Source
Cbcworldwide
Added: Mar 31 Checked: Apr 3 at 12:18 pm
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
The property at 1102 Avenue Q, Lubbock, TX, presents a commercial opportunity with a 9,984 square-foot retail building. Constructed in 2013, the building was formerly occupied by Advance Auto Parts. The property is situated on a 0.92-acre lot, providing visibility and accessibility in a high-traffic area.
Key Highlights
- High‑traffic location with excellent visibility and accessibility
- Spacious 0.92‑acre lot
- Building size: 9,984 square feet
Local Financial Insights For 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 | $149.8k | $15.00 |
| − Vacancy | −$12.0k | −$1.20 |
| EGI | $137.8k | $13.80 |
| − OpEx | −$41.3k | −$4.14 |
| NOI | $96.4k | $9.66 |
9,984 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,445 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,190 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 9,984 SF retail building on 0.92-acre lot for sale.
Where is this retail space located?
The property is located at 1102 Ave Q Lubbock, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility and accessibility; Spacious 0.92‑acre lot; Building size: 9,984 square feet
