Storefront Property with Drive-Up
For Sale
$250,000
3303 Idalou Road, Lubbock, TX 79403
Commercial Sale, Lubbock, TX
Property Size1,800 SF
Lot Size1.40 Acres
Price / SF$138.89
Days on Market524
Property Features for 3303 Idalou Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking features
Carport, Driveway
Lot features
Corner Lot, Corners Marked, Paved, Pie Shaped Lot, Level
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Directions
GPS
Subdivision
1
Standard status
Active
APN
R133442
Size
1,800 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Description
Lockartt Blk 1
Tax Annual Amount
833
Legal Description
Lockartt Blk 1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Amenities
drive-up windows
ample parking
Building Details
Year built
1956
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Block
Roof type
Metal
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Melinda Whitfill · License #0721552
(806) 928-2611
Added: May 28, 2025
Changed: Oct 27
Last Checked: Nov 2 at 1:06PM
MLS# 202555371
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This NC-zoned storefront property provides 1,800 square feet of commercial space on a 1.4-acre site. The building was constructed in 1956 with block construction, a metal roof, and a combination of tile and concrete flooring. Drive-up windows support customer-facing operations, while the interior offers room for a customized layout.
The property includes driveway and carport parking. Public water and public sewer are available, providing established utility connections for the site.
The property includes driveway and carport parking. Public water and public sewer are available, providing established utility connections for the site.
Key Highlights
- 1,800‑square‑foot commercial building on 1.4 acres
- NC zoning supports the property’s commercial classification
- Drive‑up windows for customer‑facing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,339
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,780
$406.8K
Cap Rate 7%
$290,557
$290.6K
Cap Rate 9%
$225,989
$226.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$27.1K $15.07/SF
− OpEx
−$6.8K −$3.77/SF
NOI
$20.3K $11.30/SF
Area
Lubbock, TX
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,780
Cap Rate 7%
$290,557
Cap Rate 9%
$225,989
Alternative Uses
Best Use
Specialty Retail
$290.6K
$254.2K – $339.0K
NOI $20,339 @ 7.0% cap · market cap 8.14%
Second Best
Retail
$248.4K
$217.4K – $289.8K
NOI $17,388 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - NC-zoned commercial building with flexible interior space, on-site parking, and public water and sewer service.
Where is this storefront property located?
The property is located at 3303 Idalou Road Lubbock, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,800‑square‑foot commercial building on 1.4 acres; NC zoning supports the property’s commercial classification; Drive‑up windows for customer‑facing operations
