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    Retail Center on High-Traffic Corner Title is generated by Realmo AI

    207 College Ave, Levelland, TX 79336

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    Two-tenant retail center on Levelland's major retail corridor.

    Type:Retail
    Property size:
    4,200 SF
    Price / SF:
    $170/SF
    Added:
    Jan 30, 2026
    Days on Market:
    148
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 207 College Ave

    General Information

    Standard status
    Active
    Size
    4,200 SF
    Property subtype
    Retail

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    Jesse Rincones
    Jesse Rincones

    Listing office Coldwell Banker Commercial Capital Advisors

    Listing date Jan 30, 2026

    Source Crexi

    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

    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.
    • Located on a hard corner with high daily traffic (+12,000 VPD on College Ave).
    • End cap unit features a drive‑thru.
    • Tenanted by a national brand (Total Wireless) and a successful regional operator (Cosmic Smoke).

    Overview

    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.

    Local Financial Insights For Retail

    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 $86.2k $20.52
    − Vacancy −$4.9k −$1.17
    EGI $81.3k $19.35
    − OpEx −$24.4k −$5.81
    NOI $56.9k $13.55
    4,200 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $812.7K
    $711.1K – $948.2K (±1% cap)
    NOI $56,890 @ 7.0% cap · market cap 7.93%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $47.09M
    $41.20M – $54.94M (±1% cap)
    NOI $3,296,175 @ 7.0% cap · market cap 459.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cosmic smoke (Bike/Boat/Book/etc) Store Tobacco And Vape (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Levelland
    County
    Hockley
    State
    Texas
    Longitude
    -102.367209
    Latitude
    33.590928

    FAQs

    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 $717,000.
    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.
    (806) 784-3292 Call to check price and availability
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