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5302 Slide Rd, Lubbock, TX 79414
Retail center with four leased suites, two vacancies, and approved architectural renovations planned for the frontage.
Property Size7,210 SF
Price / SF$180.17
Days on Market499
Property Features for 5302 Slide Rd
General Information
Standard status
Active
Size
7,210 SF
Property subtype
RETAIL
Occupancy
67%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
The Powell Group
Listed By:
David Powell, CCIM · License #0257988
(806) 239-0804
Source:
Moodyscre
Added: Jun 5, 2025
Changed: Oct 5
Last Checked: Oct 14 at 9:04PM
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 The Powell Group
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Investment Insights
Based on property information with market context.
This 7,210-square-foot shopping center contains six suites, with four currently leased and two available. The multi-tenant layout provides existing occupancy alongside approved architectural renovations intended to improve the property's frontage and tenant presentation. The center is positioned along Slide Road in Lubbock, just north of South Plains Mall and near Loop 289.
The surrounding retail environment includes Bubba’s 33, Uncle Julio’s, The Cheesecake Factory, Raising Cane’s, Texas Roadhouse, and an adjacent Dutch Bros. The property is suited to retail, service, and professional tenancy based on the uses identified for the center.
The surrounding retail environment includes Bubba’s 33, Uncle Julio’s, The Cheesecake Factory, Raising Cane’s, Texas Roadhouse, and an adjacent Dutch Bros. The property is suited to retail, service, and professional tenancy based on the uses identified for the center.
Key Highlights
- 7,210 SF multi‑tenant shopping center
- 4 of 6 suites leased, representing 67% occupancy
- Two suites currently available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,649
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,980
$1.4M
Cap Rate 7%
$994,986
$995.0K
Cap Rate 9%
$773,878
$773.9K
Market Conditions
NOI Build-Up for 7,210 SF
Gross rent
$108.2K $15.00/SF
− Vacancy
−$8.7K −$1.20/SF
EGI
$99.5K $13.80/SF
− OpEx
−$29.8K −$4.14/SF
NOI
$69.6K $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%
$1,392,980
Cap Rate 7%
$994,986
Cap Rate 9%
$773,878
Alternative Uses
Best Use
Retail
$995.0K
$870.6K – $1.16M
NOI $69,649 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,236 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
67%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
33k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Apparel 16%
SONIC Drive In
Dining
19,518 visits/mo
0.3 miles
Denny's
Dining
8,548 visits/mo
0.4 miles
Once Upon A Child
Apparel
5,300 visits/mo
0.5 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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with four leased suites, two vacancies, and approved architectural renovations planned for the frontage.
Where is this shopping center located?
The property is located at 5302 Slide Rd Lubbock, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 7,210 SF multi‑tenant shopping center; 4 of 6 suites leased, representing 67% occupancy; Two suites currently available for lease‑up
