Retail Center on High-Traffic
207 College Ave, Levelland, TX 79336
For Sale
Contact for pricing
Two-tenant retail center on Levelland's major retail corridor.
Property Size4,200 SF
Price / SF$165.48
Days on Market287
Property Features for 207 College Ave
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Building Details
Tenancy
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Jesse Rincones · License TX #710224
(806) 784-3292
Source:
Crexi
Added: Jan 30
Changed: Oct 30
Last Checked: Nov 12 at 7:47AM
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
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Investment Insights
Based on property information with market context.
This retail property is located at the intersection of College Avenue and Cypress Street, offering visibility in one of Levelland’s commercial corridors. The property is situated three blocks south of Highway 114. The location is surrounded by national and regional retailers, including Sonic, HTeaO, Dickey’s BBQ, Starbucks, KFC, Slim Chickens, and Wendy’s. The two-tenant retail center is located along College Ave in Levelland, TX. The center features a national brand in Total Wireless and Cosmic Smoke, a regional operator with over 10 locations in the area. The property size is 4,200 square feet and is located on a hard corner with over 12,000 vehicles per day on College Ave. The end cap has a drive-thru.
Key Highlights
- High‑traffic location at the intersection of College Avenue and Cypress Street with exceptional visibility.
- Strong co‑tenancy with surrounding national and regional retailers (Sonic, Starbucks, etc.).
- 7% Cap Rate with staggered leases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,890
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,800
$1.1M
Cap Rate 7%
$812,714
$812.7K
Cap Rate 9%
$632,111
$632.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$86.2K $20.52/SF
− Vacancy
−$4.9K −$1.17/SF
EGI
$81.3K $19.35/SF
− OpEx
−$24.4K −$5.81/SF
NOI
$56.9K $13.55/SF
Area
Hockley County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,800
Cap Rate 7%
$812,714
Cap Rate 9%
$632,111
Alternative Uses
Best Use
Retail
$812.7K
$711.1K – $948.2K
NOI $56,890 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,277 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 42%
Groceries 13%
Hotels & Casinos 1%
United Supermarkets
Groceries
20,265 visits/mo
0.2 miles
McDonald's
Dining
18,787 visits/mo
0.3 miles
Murphy USA
Shops & Services
18,260 visits/mo
0.5 miles
Starbucks
Dining
8,789 visits/mo
0.4 miles
Taqueria Guadalajara
Dining
8,682 visits/mo
0.2 miles
Demographics for 79336, TX
15,953
Population
6,584
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
482.8 sq mi
ZIP Area
33
Density / Sq Mi
$52,724
Median Household Income
$34,213
Median Earnings
$803
Median Rent
$124,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two-tenant retail center on Levelland's major retail corridor.
Where is this retail space located?
The property is located at 207 College Ave Levelland, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of College Avenue and Cypress Street with exceptional visibility.; Strong co‑tenancy with surrounding national and regional retailers (Sonic, Starbucks, etc.).; 7% Cap Rate with staggered leases.
