Auto Dealership
5610 58th St Lubbock, TX 79424
5610 58th St, Lubbock, TX, 79424
Contact for pricing
For Sale
Contact for pricing
3,000 SF dealership building on 0.69 acres, occupied since 2017 with a renewed lease through Sept. 30, 2028.
Property Size3,000 SF
Lot Size0.69 Acres
Price / SF$266.67
Days on Market294
Property Features for 5610 58th St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- RETAIL
Listing agency
McDougal, REALTORS
(806) 215-7023
Listed by
Carrigan Williams · License #773761
(806) 215-7023
Source
Moodyscre
Added: Oct 1, 2025 Updated: Jul 20 at 8:05PM Checked: Jul 20 at 8:05PM
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.
Located at 5610 58th St in Lubbock, this 3,000 square foot dealership building is situated on approximately 0.69 acres. The property is currently occupied by an established auto dealership that has operated on-site since 2017. The tenant recently renewed their lease for the term of October 1, 2025 through September 30, 2028.
The site is positioned just off West Loop 289 in a high-traffic corridor, designed to support visibility and convenient access. Ownership currently pays for taxes and insurance, creating a more straightforward operating structure for the property.
For investors seeking a long-term, income-producing asset with an in-place tenant, this property offers continued occupancy tied to the recently renewed lease term.
The site is positioned just off West Loop 289 in a high-traffic corridor, designed to support visibility and convenient access. Ownership currently pays for taxes and insurance, creating a more straightforward operating structure for the property.
For investors seeking a long-term, income-producing asset with an in-place tenant, this property offers continued occupancy tied to the recently renewed lease term.
Key Highlights
- 3,000 SF auto dealership building on approx. 0.69 acres at 5610 58th Street in Lubbock
- Established auto dealership tenant has operated at the location since 2017
- Lease renewed for Oct. 1, 2025 through Sept. 30, 2028
Local Financial Insights For Industrial
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 | $52.2k | $17.40 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $48.3k | $16.10 |
| − OpEx | −$14.5k | −$4.83 |
| NOI | $33.8k | $11.27 |
3,000 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$482.8K
$422.5K – $563.3K
NOI $33,799 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shift Automotive Group
Car Dealership
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FAQs
What type of property is this?
Auto shop - 3,000 SF dealership building on 0.69 acres, occupied since 2017 with a renewed lease through Sept. 30, 2028.
Where is this auto shop located?
The property is located at 5610 58th St Lubbock, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,000 SF auto dealership building on approx. 0.69 acres at 5610 58th Street in Lubbock; Established auto dealership tenant has operated at the location since 2017; Lease renewed for Oct. 1, 2025 through Sept. 30, 2028
