Historic Retail or Office
1213 Crickets Ave Lubbock, TX 79401
For Sale
Contact for pricing
Fully renovated storefront building offers flexible retail or office space with modern amenities and an outdoor patio.
Property Size6,500 SF
Price / SF$168.46
Days on Market294
Property Features for 1213 Crickets Ave
General Information
Standard status
Active
Size
6,500 SF
Property subtype
RETAIL
Listing Agency:
McDougal, REALTORS
(806) 317-0234
Listed By:
Ethan Quisenberry · License #0758039
(806) 317-0234
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Jul 27
Last Checked: Jul 29 at 2:41PM
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 McDougal, REALTORS
Investment Insights
Based on property information with market context.
Known as “The Famous Building,” this fully renovated downtown property at 1213 Crickets Ave offers approximately 6,500 square feet of versatile retail or office space. The interior includes a wide-open main area, modern restrooms, a breakroom, a conference room, and flexible space toward the rear, allowing multiple layouts within the same footprint.
A key feature is a private, fenced ±2,900 square foot patio/outdoor area. The patio is accessible through both a standard door and a glass-paned roll-up door, supporting direct indoor-outdoor use for events, creative applications, or expanded workspace.
The building is positioned for visibility just off Broadway, with easy access to I-27 and US 62/82, making it suitable for a range of small business and office uses that benefit from a recognizable, renovated setting.
A key feature is a private, fenced ±2,900 square foot patio/outdoor area. The patio is accessible through both a standard door and a glass-paned roll-up door, supporting direct indoor-outdoor use for events, creative applications, or expanded workspace.
The building is positioned for visibility just off Broadway, with easy access to I-27 and US 62/82, making it suitable for a range of small business and office uses that benefit from a recognizable, renovated setting.
Key Highlights
- Fully renovated landmark building at 1213 Crickets Ave offers approx. 6,500 SF of versatile retail or office space
- Wide‑open main area plus flexible rear space, conference room, and breakroom
- Updated interior includes modern restrooms
Financial Insights For Office B
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 | $136.5k | $21.00 |
| − Vacancy | −$23.2k | −$3.57 |
| EGI | $113.3k | $17.43 |
| − OpEx | −$28.3k | −$4.36 |
| NOI | $85.0k | $13.07 |
6,500 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.42M
NOI $84,971 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$897.0K
$784.9K – $1.05M
NOI $62,790 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,707 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated storefront building offers flexible retail or office space with modern amenities and an outdoor patio.
Where is this retail space located?
The property is located at 1213 Crickets Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Fully renovated landmark building at 1213 Crickets Ave offers approx. 6,500 SF of versatile retail or office space; Wide‑open main area plus flexible rear space, conference room, and breakroom; Updated interior includes modern restrooms
