Retail Property with Ample
117 University Ave Lubbock, TX 79415
117 University Ave, Lubbock, TX, 79415
Contact for pricing
For Sale
Contact for pricing
For sale retail property with ample parking and proximity to Texas Tech and Jones AT&T Stadium.
Property Size2,130 SF
Price / SF$223
Days on Market107
Property Features for 117 University Ave
General Information
- Standard status
- Active
- Size
- 2,130 SF
- Property subtype
- RETAIL
Listing agency
Exit Realty of Lubbock
(806) 535-3827
Listed by
Tracy Thomason · License #0696579
(806) 535-3827
Source
Moodyscre
Added: Apr 8 Updated: Jul 21 at 3:06PM Checked: Jul 21 at 3:06PM
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 Exit Realty of Lubbock
Investment Insights
Based on property information with market context.
This retail property is offered for sale and totals 2,130 square feet. The site is described as just under 1 acre and includes ample parking to support convenient customer access.
The property is located at 117 University Ave in Lubbock, Texas, with public remarks noting excellent proximity to Texas Tech and the Jones AT&T Stadium. Buyers can view the existing setup in person to assess the layout and retail fit for their intended concept.
The property is located at 117 University Ave in Lubbock, Texas, with public remarks noting excellent proximity to Texas Tech and the Jones AT&T Stadium. Buyers can view the existing setup in person to assess the layout and retail fit for their intended concept.
Key Highlights
- Retail property for sale in Lubbock
- Located just under 1 acre
- Ample parking on site
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 | $32.0k | $15.00 |
| − Vacancy | −$2.6k | −$1.20 |
| EGI | $29.4k | $13.80 |
| − OpEx | −$8.8k | −$4.14 |
| NOI | $20.6k | $9.66 |
2,130 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$293.9K
$257.2K – $342.9K
NOI $20,576 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.0K
$469.9K – $626.5K
NOI $37,589 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tommy's Famous Burgers
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail property with ample parking and proximity to Texas Tech and Jones AT&T Stadium.
Where is this retail space located?
The property is located at 117 University Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Retail property for sale in Lubbock; Located just under 1 acre; Ample parking on site
