Retail Space with Strong Freeway
For Sale
Contact for pricing
4119 Marsha Sharp Fwy, Lubbock, TX 79410
Retail space positioned along Marsha Sharp Freeway with visibility and access in a high-traffic corridor near major employers and schools.
Property Size3,621 SF
Price / SF$151.89
Days on Market241
Property Features for 4119 Marsha Sharp Fwy
General Information
Standard status
Active
Size
3,621 SF
Property subtype
RETAIL
Listing Agency:
McDougal, REALTORS
(806) 215-7023
Listed By:
Carrigan Williams · License #773761
(806) 215-7023
Source:
Moodyscre
Added: Dec 1, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:41AM
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.
This for-sale retail space offers a total of 3,621 square feet and is positioned for visibility and access along Marsha Sharp Freeway. The property is described as having strong frontage and is marketed as an accessible location for daily retail activity.
Public remarks indicate the site is minutes from UMC and Covenant Medical Centers, and near Texas Tech University. That proximity supports a consistent flow of visitors associated with healthcare and a university environment.
The property is presented as suitable for a range of retail, service, or specialty uses, with an emphasis on establishing a storefront in a central Lubbock corridor.
Public remarks indicate the site is minutes from UMC and Covenant Medical Centers, and near Texas Tech University. That proximity supports a consistent flow of visitors associated with healthcare and a university environment.
The property is presented as suitable for a range of retail, service, or specialty uses, with an emphasis on establishing a storefront in a central Lubbock corridor.
Key Highlights
- 3,621 SF retail space positioned along Marsha Sharp Freeway in a high‑traffic corridor.
- Excellent frontage and visibility along Marsha Sharp Fwy.
- Just minutes from UMC and Covenant Medical Centers, with daily traffic from medical professionals and visitors.
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 | $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
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
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 79410, TX
8,615
Population
4,736
Households
1.8
Avg Household Size
29
Median Age
47%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
3,590
Density / Sq Mi
$48,350
Median Household Income
$29,637
Median Earnings
$1,315
Median Rent
$211,300
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?
Retail space - Retail space positioned along Marsha Sharp Freeway with visibility and access in a high-traffic corridor near major employers and schools.
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: 3,621 SF retail space positioned along Marsha Sharp Freeway in a high‑traffic corridor.; Excellent frontage and visibility along Marsha Sharp Fwy.; Just minutes from UMC and Covenant Medical Centers, with daily traffic from medical professionals and visitors.
