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    4505 82Nd St Lubbock, TX 79424

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    For Sale
    $3,868,212

    Fully leased 7-unit retail/office property in Lubbock, Texas.

    Property size:
    18,100 SF
    Lot size:
    1.47 Acres

    Property Features for 4505 82Nd St

    General Information

    Size
    18,100 SF
    Lot size
    1.47 Acres

    Source: McDougal, REALTORS Agent Ethan Quisenberry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Alhambra Strip Center

    The Alhambra Strip Center is a fully-leased, 7-unit retail/office property located on 82nd Street, between Slide and Quaker in Lubbock, Texas. The property is situated on the highly visible and trafficked 82nd Street. The property offers a 7% CAP rate. The property has a diverse tenant mix. The surrounding neighborhood is a blend of residential and commercial developments. The property is well-positioned in a high-demand area with 100% occupancy and tenants in place. The property size is 18100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Imperium Risk Consultant Ismael Mike Cortinez ... Certified Public Accountant Lubbock Infusion Therapy Medical Clinic Taryn Mathews Optometrist Clint Gregg Ophthalmologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.909327
    Latitude
    33.51942

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    FAQs

    What type of property is this?
    Strip mall - Fully leased 7-unit retail/office property in Lubbock, Texas.
    Where is this strip mall located?
    The property is located at 4505 82Nd St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $3,868,212.
    What are key features of this property?
    This property features: - Fully-leased, 7-unit retail/office property.; - Offers an attractive 7% CAP rate.; - 100% occupancy with tenants in place.
    (806) 317-0234
    Request Owner's contact information
    4505 82Nd St Lubbock, TX 79424
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    Lubbock, TX 79424
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    Realmo Value Estimation

    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.

    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.

    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
    4505 82Nd St Lubbock, TX 79424
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