Flexible Storefront Retail
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For Sale
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3319 82nd Street, 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 Market7
Property Features for 3319 82nd Street
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Year Built
1976
Listing Agency:
NAI Wheelhouse
(806) 773-6590
Listed By:
Levi Murphy · License #840467
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 8:10AM
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
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 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 | $66.0k | $15.00 |
| − Vacancy | −$5.3k | −$1.20 |
| EGI | $60.7k | $13.80 |
| − OpEx | −$18.2k | −$4.14 |
| NOI | $42.5k | $9.66 |
4,400 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
139k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 38%
Home Improvements & Furnishings 14%
Hotels & Casinos 1%
Tractor Supply Co.
Home Improvements & Furnishings
19,656 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
19,423 visits/mo
0.4 miles
SONIC Drive In
Dining
17,823 visits/mo
0.1 miles
Phillips 66
Shops & Services
17,232 visits/mo
0.3 miles
United Express Fuel
Shops & Services
12,580 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 Street 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
