Flexible Storefront Retail
For Sale
$550,000
3319 82nd St, Lubbock, TX 79423
Open-plan retail space near a signalized intersection with prominent corridor exposure and adaptable occupancy options.
Property Size4,400 SF
Price / SF$125
Days on Market93
Property Features for 3319 82nd St
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Retail - Street Retail
Additional Details
Corner Location
Yes
Building Details
Building Size
4,400 SF
Year Built
1976
Listing Agency:
NAI WheelHouse
Listed By:
Levi Murphy · License ##840467
(806) 773-6590
Source:
Commercialcafe
Added: Aug 2
Changed: Nov 1
Last Checked: Nov 1 at 2:38AM
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 NAI WheelHouse
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Investment Insights
Based on property information with market context.
This 4,400-square-foot storefront retail property at 3319 82nd Street offers an open interior that can function as one larger space or be separated for multiple occupants. The building dates to 1976 and is configured for flexible retail or service-oriented use. Tenant improvement assistance is available for customization, as stated in the property information.
Positioned just off the signalized intersection of 82nd Street and Indiana Avenue, the property benefits from direct exposure to a corridor carrying more than 20,000 vehicles per day. Traffic at the nearby intersection exceeds 50,000 vehicles per day, supporting strong drive-by awareness and convenient access. The Lubbock, Texas location places the storefront along an established commercial route.
Positioned just off the signalized intersection of 82nd Street and Indiana Avenue, the property benefits from direct exposure to a corridor carrying more than 20,000 vehicles per day. Traffic at the nearby intersection exceeds 50,000 vehicles per day, supporting strong drive-by awareness and convenient access. The Lubbock, Texas location places the storefront along an established commercial route.
Key Highlights
- 4,400 SF storefront retail building
- Open‑plan layout can be used as one space or divided for multiple users
- More than 20,000 vehicles per day pass directly by the site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,504
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,080
$850.1K
Cap Rate 7%
$607,200
$607.2K
Cap Rate 9%
$472,267
$472.3K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$66.0K $15.00/SF
− Vacancy
−$5.3K −$1.20/SF
EGI
$60.7K $13.80/SF
− OpEx
−$18.2K −$4.14/SF
NOI
$42.5K $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%
$850,080
Cap Rate 7%
$607,200
Cap Rate 9%
$472,267
Alternative Uses
Best Use
Retail
$607.2K
$531.3K – $708.4K
NOI $42,504 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.6K – $1.29M
NOI $77,648 @ 7.0% cap · market cap 14.12%
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
657
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 39%
Electronics 3%
Taco Villa
Dining
25,051 visits/mo
0.2 miles
Dollar General
Shops & Services
8,658 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
7,197 visits/mo
0.0 miles
Scooter's Coffee
Dining
6,163 visits/mo
0.2 miles
Conoco
Shops & Services
3,942 visits/mo
0.1 miles
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan retail space near a signalized intersection with prominent corridor exposure and adaptable occupancy options.
Where is this storefront property located?
The property is located at 3319 82nd St Lubbock, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,400 SF storefront retail building; Open‑plan layout can be used as one space or divided for multiple users; More than 20,000 vehicles per day pass directly by the site
