General Retail and Mixed-Use
For Sale
Contact for pricing
1211 19th St, Lubbock, TX 79401
For sale retail property on 1.67 acres, totaling about 13,417 SF, zoned General (MU-3).
Property Size13,417 SF
Lot Size1.67 Acres
Price / SF$119.25
Days on Market729
Property Features for 1211 19th St
General Information
Standard status
Active
Size
13,417 SF
Lot size
1.67 Acres
Property subtype
RETAIL
Zoning
MU-3
Listing Agency:
Bill Young Real Estate
(806) 470-8318
Listed By:
William Young
(806) 470-8318
Source:
Moodyscre
Added: Aug 12, 2024
Changed: Aug 8
Last Checked: Aug 9 at 1:28PM
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 Bill Young Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail property includes a total building size of approximately 13,417 SF on 1.67 acres of land. The site is zoned General (MU-3), offering flexibility for appropriate retail and mixed-use development under the applicable zoning designation.
The property is located at 1211 19th St in Lubbock, Texas. Financing may be available through IBC Bank for a qualified buyer.
The available information does not describe the building’s interior layout or current tenancy, so due diligence is recommended to confirm existing conditions and suitability for a specific retail use.
The property is located at 1211 19th St in Lubbock, Texas. Financing may be available through IBC Bank for a qualified buyer.
The available information does not describe the building’s interior layout or current tenancy, so due diligence is recommended to confirm existing conditions and suitability for a specific retail use.
Key Highlights
- Retail property for sale on 1.67 acres
- Building size approx. 13,417 SF +/-
- Zoned General (MU‑3)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,160
$2.6M
Cap Rate 7%
$1,851,543
$1.9M
Cap Rate 9%
$1,440,089
$1.4M
Market Conditions
NOI Build-Up for 13,417 SF
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.
Gross rent
$201.3K $15.00/SF
− Vacancy
−$16.1K −$1.20/SF
EGI
$185.2K $13.80/SF
− OpEx
−$55.5K −$4.14/SF
NOI
$129.6K $9.66/SF
Area
Lubbock, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,592,160
Cap Rate 7%
$1,851,543
Cap Rate 9%
$1,440,089
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,608 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,772 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 34%
Electronics 2%
Whataburger
Dining
13,752 visits/mo
0.1 miles
Discount Tire Store
Shops & Services
4,491 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
4,175 visits/mo
0.5 miles
Pizza Hut
Dining
2,784 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
546 visits/mo
0.0 miles
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale retail property on 1.67 acres, totaling about 13,417 SF, zoned General (MU-3).
Where is this retail space located?
The property is located at 1211 19th St Lubbock, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Retail property for sale on 1.67 acres; Building size approx. 13,417 SF +/-; Zoned General (MU‑3)
