Automotive Car Lot and
5621 Frankford Ave Lubbock, TX 79424
5621 Frankford Ave, Lubbock, TX, 79424
$1,590,000
For Sale
$1,590,000
Well-equipped car lot on Frankford Avenue with a 4,328 SF showroom, 9 private offices, and a garage.
Property Size4,328 SF
Lot Size0.87 Acres
Price / SF$367.38
Days on Market50
Property Features for 5621 Frankford Ave
General Information
- Standard status
- Active
- Size
- 4,328 SF
- Lot size
- 0.87 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
WestMark Commercial
(806) 776-2833
Listed by
Karen Higgins, CCIM · License #TX #0331521-B
Source
Westmarkcommercial
Added: Jun 2 Updated: Jul 20 at 7:01PM Checked: Jul 21 at 4:02AM
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 WestMark Commercial
Investment Insights
Based on property information with market context.
This well-equipped car lot is designed for automotive sales and related operations, featuring ample outdoor space for vehicle display, inventory staging, and customer parking. On-site improvements include a 4,328 SF commercial building with a spacious showroom intended for vehicle presentation and customer experience.
The office component includes 9 private offices for sales, management, and administrative staff. A garage with 2 overhead doors supports service, detailing, or additional storage as needed.
Located on high-traffic Frankford Avenue in Lubbock, the property’s size and built improvements make it practical for an automotive-focused business that needs both display space and dedicated indoor work areas.
The office component includes 9 private offices for sales, management, and administrative staff. A garage with 2 overhead doors supports service, detailing, or additional storage as needed.
Located on high-traffic Frankford Avenue in Lubbock, the property’s size and built improvements make it practical for an automotive-focused business that needs both display space and dedicated indoor work areas.
Key Highlights
- Well‑equipped car lot on high‑traffic Frankford Avenue in Lubbock
- 0.87‑acre lot for vehicle display, inventory, and customer parking
- 4,328 SF commercial building with a showroom suited for vehicle display
Local Financial Insights For Industrial
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 | $75.3k | $17.40 |
| − Vacancy | −$5.6k | −$1.31 |
| EGI | $69.7k | $16.10 |
| − OpEx | −$20.9k | −$4.83 |
| NOI | $48.8k | $11.27 |
4,328 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.09M
$954.7K – $1.27M
NOI $76,377 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fiesta Motors
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Marazzi Sales Service Center — 5703 Genoa Ave, Lubbock, TX 79424
- Jacob's Rock — 5909 50th St #6, Lubbock, TX 79424
- Daltile, Marazzi Sales Service Center — 5703 Genoa Ave, Lubbock, TX 79424
- Casey Carpet One — 5902 TX-327 Spur, Lubbock, TX 79424
- Bob Mills Furniture — 6000 TX-327 Spur, Lubbock, TX 79424
FAQs
What type of property is this?
Showroom - Well-equipped car lot on Frankford Avenue with a 4,328 SF showroom, 9 private offices, and a garage.
Where is this showroom located?
The property is located at 5621 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Well‑equipped car lot on high‑traffic Frankford Avenue in Lubbock; 0.87‑acre lot for vehicle display, inventory, and customer parking; 4,328 SF commercial building with a showroom suited for vehicle display
