Fully Leased Shopping
For Sale
$1,594,612
4801 Frankford Avenue, Lubbock, TX 79424
Two buildings provide a combined retail offering that is fully occupied.
Property Size11,000 SF
Price / SF$144.96
Days on Market8
Property Features for 4801 Frankford Avenue
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Retail
Zoning
HeavyCommercial(HC)
Occupancy
100%
Net Operating Income
$127,569
Building Details
Building Size
11,000 SF
Year Built
1972
Buildings
2
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Judson Eddins · License #846549
(806) 773-6340
Source:
Cbcworldwide
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 8:32AM
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
The shopping center at 4801 Frankford Avenue in Lubbock consists of two buildings totaling 11,000 square feet. Built in 1972, the property is fully leased and carries Heavy Commercial (HC) zoning.
Key Highlights
- Two buildings totaling 11,000 square feet
- Fully leased property
- Built in 1972; zoned Heavy Commercial (HC)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,260
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,125,200
$2.1M
Cap Rate 7%
$1,518,000
$1.5M
Cap Rate 9%
$1,180,667
$1.2M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$165.0K $15.00/SF
− Vacancy
−$13.2K −$1.20/SF
EGI
$151.8K $13.80/SF
− OpEx
−$45.5K −$4.14/SF
NOI
$106.3K $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 Rate 5%
$2,125,200
Cap Rate 7%
$1,518,000
Cap Rate 9%
$1,180,667
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,260 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,119 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two buildings provide a combined retail offering that is fully occupied.
Where is this shopping center located?
The property is located at 4801 Frankford Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $1,594,612.
What are key features of this property?
This property features: Two buildings totaling 11,000 square feet; Fully leased property; Built in 1972; zoned Heavy Commercial (HC)
