NNN Retail
5026 Frankford Ave, Lubbock, TX 79424
For Sale
Contact for pricing
The property is identified with Ashley HomeStore in Lubbock, Texas.
Property Size56,923 SF
Price / SF$242.43
Days on Market16
Property Features for 5026 Frankford Ave
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License TX SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 10 at 7:19AM
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 Cushman & Wakefield - Phoenix, Arizona
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property in Lubbock is associated with the Ashley HomeStore name. The reported building area is 56,923 square feet, with a 6.50% cap rate.
Key Highlights
- 56,923‑square‑foot retail property
- 6.50% cap rate
- Associated with the Ashley HomeStore name
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$549,876
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,997,520
$11.0M
Cap Rate 7%
$7,855,371
$7.9M
Cap Rate 9%
$6,109,733
$6.1M
Market Conditions
NOI Build-Up for 56,923 SF
Gross rent
$853.8K $15.00/SF
− Vacancy
−$68.3K −$1.20/SF
EGI
$785.5K $13.80/SF
− OpEx
−$235.7K −$4.14/SF
NOI
$549.9K $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%
$10,997,520
Cap Rate 7%
$7,855,371
Cap Rate 9%
$6,109,733
Alternative Uses
Best Use
Retail
$7.86M
$6.87M – $9.16M
NOI $549,876 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.35M
$12.56M – $16.74M
NOI $1,004,532 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 100%
Cinemark Southwest Lubbock Movies 16 and XD
Leisure
13,625 visits/mo
0.5 miles
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for NNN properties in Lubbock, TX
Properties on Market for NNN properties in Lubbock
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The property is identified with Ashley HomeStore in Lubbock, Texas.
Where is this nnn property located?
The property is located at 5026 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $13,799,644.
What are key features of this property?
This property features: 56,923‑square‑foot retail property; 6.50% cap rate; Associated with the Ashley HomeStore name
