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4119 Marsha Sharp Fwy, Lubbock, TX 79407

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For Sale

Contact for pricing

Retail space

Type:Office, Retail

Property size:

3,621 SF

Price / SF:

$151/SF

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.
Ideal location for retail, service, or specialty businesses.
Strong frontage on Marsha Sharp Freeway.
Located in central Lubbock.

We can help!

Contact an agent

Carrigan Williams

For Sale

Contact for pricing

Retail space

Type:Office, Retail

Property size:

3,621 SF

Price / SF:

$151/SF

Added:: Dec 2, 2025
Days on Market:: 217
Last Refresh:: Jul 5 at 9:29 am

Property Features for 4119 Marsha Sharp Fwy

General Information

Standard status: Active
Size: 3,621 SF
Property subtype: Office, Retail

Building Details

Year Built: 1984

We can help!

Contact an agent

Carrigan Williams

Listing office McDougal Realtors

Listing date Dec 2, 2025

Source Crexi

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

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.
Ideal location for retail, service, or specialty businesses.
Strong frontage on Marsha Sharp Freeway.
Located in central Lubbock.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.3k	$15.00
− Vacancy	−$4.3k	−$1.20
EGI	$50.0k	$13.80
− OpEx	−$15.0k	−$4.14
NOI	$35.0k	$9.66

3,621 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$499.7K

$437.2K – $583.0K (±1% cap)

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 (±1% cap)

NOI $63,901 @ 7.0% cap · market cap 11.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Otto's Granary (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Lubbock
County: Lubbock
State: Texas
Longitude: -101.9027218
Latitude: 33.5757837

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For sale
Retail space
TX
Lubbock
79407
4119 Marsha Sharp Fwy

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.