Automotive Service
For Sale
$1,295,000
3405 Interstate 27, Lubbock, TX 79404
Commercial Sale, Lubbock, TX
Property Size3,725 SF
Lot Size0.72 Acres
Price / SF$347.65
Days on Market51
Property Features for 3405 Interstate 27
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
IHC
Parking
16
Parking features
Carport, Covered, Driveway, Alley
Security features
Security System
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Near Public Transit, Rectangular Lot
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Directions
On the southeast corner of I-27. Take the 34th Street exit and go east and you are there.
Subdivision
2
Standard status
Active
APN
R63389
Size
3,725 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
Calvert L 1 Thru 3 Less Pt To Row
Tax Annual Amount
3125
Legal Description
Calvert L 1 Thru 3 Less Pt To Row
Utilities
Utilities
Natural Gas Available
Cooling system
Multi Units, Electric
Water source
Public
Building Details
Year built
1971
Building materials
Aluminum Siding, Block, Board & Batten Siding, Metal Siding
Roof type
Composition
Listing Agency:
Exit Realty of Lubbock
Listed By:
Charles Camp · License #0505552
(806) 771-3900
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 23 at 4:06AM
MLS# 202612316
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 automotive-oriented commercial property includes a 3,725-square-foot building on 0.72 acres at 3405 Interstate 27 in Lubbock. Constructed in 1971, the building combines aluminum, block, board-and-batten, and metal siding, with composition roofing and multiple electric cooling units. The site also offers driveway, carport, alley, and covered parking features, along with an accessible approach ramp.
Natural gas is available, and the property is served by public water. Its Interstate 27 address provides a direct transportation setting for an automotive service or retail operation. Property showings are available by appointment through the listing agent.
Natural gas is available, and the property is served by public water. Its Interstate 27 address provides a direct transportation setting for an automotive service or retail operation. Property showings are available by appointment through the listing agent.
Key Highlights
- 3,725‑square‑foot building on 0.72 acres
- IHC zoning supports the property's commercial automotive orientation
- Located at 3405 Interstate 27 in Lubbock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,968
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,360
$839.4K
Cap Rate 7%
$599,543
$599.5K
Cap Rate 9%
$466,311
$466.3K
Market Conditions
NOI Build-Up for 3,725 SF
Gross rent
$64.8K $17.40/SF
− Vacancy
−$4.9K −$1.31/SF
EGI
$60.0K $16.10/SF
− OpEx
−$18.0K −$4.83/SF
NOI
$42.0K $11.27/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,360
Cap Rate 7%
$599,543
Cap Rate 9%
$466,311
Alternative Uses
Best Use
Industrial
$599.5K
$524.6K – $699.5K
NOI $41,968 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$514.1K
$449.8K – $599.7K
NOI $35,984 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Home Improvements & Furnishings 25%
Apparel 8%
Dining 3%
Harbor Freight Tools
Home Improvements & Furnishings
13,053 visits/mo
0.2 miles
Stripes
Shops & Services
11,859 visits/mo
0.1 miles
Phillips 66
Shops & Services
10,983 visits/mo
0.1 miles
Dollar General
Shops & Services
5,865 visits/mo
0.2 miles
Goodwill
Apparel
4,310 visits/mo
0.1 miles
Demographics for 79404, TX
9,956
Population
4,289
Households
2.3
Avg Household Size
38
Median Age
13%
College-Educated
73%
High-School Grad
28.5 sq mi
ZIP Area
349
Density / Sq Mi
$48,642
Median Household Income
$30,654
Median Earnings
$958
Median Rent
$86,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Martin's Auto Sales — 4412 Avenue Q, Lubbock, TX 79412
- Danny's Paint and Body — 4207 Avenue Q, Lubbock, TX 79412
- Crest Tires — 4303 Avenue Q, Lubbock, TX 79412
- Diesel Fuel Systems — 4311 I-27, Lubbock, TX 79404
- King's Tire Warehouse inc — 4301, I-27, Lubbock, TX 79404
Frequently Asked Questions
What type of property is this?
Auto shop - IHC-zoned property with covered parking, public water, and an accessible ramp approach.
Where is this auto shop located?
The property is located at 3405 Interstate 27 Lubbock, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,725‑square‑foot building on 0.72 acres; IHC zoning supports the property's commercial automotive orientation; Located at 3405 Interstate 27 in Lubbock
