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4119 Marsha Sharp Fwy, Lubbock, TX 79407
Retail space
Property Size3,621 SF
Price / SF$151.89
Days on Market309
Property Features for 4119 Marsha Sharp Fwy
General Information
Standard status
Active
Size
3,621 SF
Property subtype
Office, Retail
Zoning
Heavy Commercial (HC)
Investment Type
Owner/User
Building Details
Year Built
1984
Buildings
1
Stories
4
Listing Agency:
McDougal Realtors
Listed By:
Carrigan Williams · License #TX 773761
(806) 797-3162
Source:
Crexi
Added: Dec 2, 2025
Changed: Sep 11
Last Checked: Oct 7 at 1:04PM
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 McDougal Realtors
Investment Insights
Based on property information with market context.
Key Highlights
- Exceptional visibility and accessibility on highly traveled Marsha Sharp Freeway.
- High traffic counts due to proximity to UMC and Covenant Medical Centers.
- Conveniently located near Texas Tech University, offering access to student, faculty, and game‑day markets.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,979
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,580
$699.6K
Cap Rate 7%
$499,700
$499.7K
Cap Rate 9%
$388,656
$388.7K
Market Conditions
NOI Build-Up for 3,621 SF
Gross rent
$54.3K $15.00/SF
− Vacancy
−$4.3K −$1.20/SF
EGI
$50.0K $13.80/SF
− OpEx
−$15.0K −$4.14/SF
NOI
$35.0K $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%
$699,580
Cap Rate 7%
$499,700
Cap Rate 9%
$388,656
Alternative Uses
Best Use
Retail
$499.7K
$437.2K – $583.0K
NOI $34,979 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$912.9K
$798.8K – $1.07M
NOI $63,901 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
204k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 23%
Dining 17%
Beauty & Spa 4%
Market Street
Groceries
101,047 visits/mo
0.1 miles
United Express Fuel
Shops & Services
31,686 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,778 visits/mo
0.4 miles
Starbucks
Dining
9,805 visits/mo
0.2 miles
Schlotzsky's
Dining
7,284 visits/mo
0.5 miles
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this retail space located?
The property is located at 4119 Marsha Sharp Fwy 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: Exceptional visibility and accessibility on highly traveled Marsha Sharp Freeway.; High traffic counts due to proximity to UMC and Covenant Medical Centers.; Conveniently located near Texas Tech University, offering access to student, faculty, and game‑day markets.
