Second-Generation Restaurant
For Sale
Contact for pricing
4950 S Loop 289, Lubbock, TX 79414
Large-format restaurant space is zoned Auto Urban Commercial and offers an existing 2nd generation buildout for a new operator.
Property Size7,042 SF
Price / SF$353.59
Days on Market195
Property Features for 4950 S Loop 289
General Information
Standard status
Active
Size
7,042 SF
Property subtype
RETAIL
Zoning
Auto Urban Commercial
Additional Details
Traffic Count
70,000 vehicles/day
Listing Agency:
Keller Williams Commercial Lubbock
(806) 392-0578
Listed By:
Jeremy Steen · License #685530
(806) 392-0578
Source:
Moodyscre
Added: Jan 16
Changed: Jul 29
Last Checked: Jul 29 at 5:28AM
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 Keller Williams Commercial Lubbock
Investment Insights
Based on property information with market context.
4950 S. Loop 289 is a 7,042-square-foot commercial property currently configured as a second-generation restaurant. The existing restaurant layout and infrastructure can support a new operator looking to reduce build-out time.
The property is positioned along a busy commercial corridor with visibility and access. Public remarks note traffic counts reaching up to 70,000 vehicles per day on Loop 289.
Zoned Auto Urban Commercial, the property is set up for restaurant use, including concepts such as a restaurant, bar and grill, or high-volume casual dining.
The property is positioned along a busy commercial corridor with visibility and access. Public remarks note traffic counts reaching up to 70,000 vehicles per day on Loop 289.
Zoned Auto Urban Commercial, the property is set up for restaurant use, including concepts such as a restaurant, bar and grill, or high-volume casual dining.
Key Highlights
- 7,042 SF property along Loop 289 in Lubbock
- Zoned Auto Urban Commercial
- Currently configured as a 2nd generation restaurant buildout with existing infrastructure
Financial Insights For Specialty 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 | $114.1k | $16.20 |
| − Vacancy | −$8.0k | −$1.13 |
| EGI | $106.1k | $15.07 |
| − OpEx | −$26.5k | −$3.77 |
| NOI | $79.6k | $11.30 |
7,042 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.14M
$994.6K – $1.33M
NOI $79,571 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,272 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
70,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
395k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 29%
Apparel 18%
Groceries 9%
Hobby Lobby
Shops & Services
90,802 visits/mo
0.4 miles
Chick-fil-A
Dining
42,941 visits/mo
0.3 miles
Spec's
Groceries
36,554 visits/mo
0.4 miles
Old Navy
Apparel
25,982 visits/mo
0.1 miles
Ross Dress for Less
Apparel
24,416 visits/mo
0.1 miles
Demographics for 79414, TX
17,537
Population
9,219
Households
1.9
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,480
Density / Sq Mi
$49,637
Median Household Income
$32,127
Median Earnings
$1,100
Median Rent
$150,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Furs — 6001 Slide Rd, Lubbock, TX 79414
- Hayashi Buffet — 5608 Slide Rd, Lubbock, TX 79414
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Large-format restaurant space is zoned Auto Urban Commercial and offers an existing 2nd generation buildout for a new operator.
Where is this conventional restaurant located?
The property is located at 4950 S Loop 289 Lubbock, TX.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 7,042 SF property along Loop 289 in Lubbock; Zoned Auto Urban Commercial; Currently configured as a 2nd generation restaurant buildout with existing infrastructure
