Automotive Car Lot and
For Sale
$1,590,000
5621 Frankford Ave, Lubbock, TX 79424
Well-equipped car lot on Frankford Avenue with a 4,328 SF showroom, 9 private offices, and a garage.
Property Size4,328 SF
Lot Size0.87 Acres
Price / SF$367.38
Days on Market99
Property Features for 5621 Frankford Ave
General Information
Standard status
Active
Size
4,328 SF
Lot size
0.87 Acres
Property subtype
Retail
Additional Details
Drive-In Doors
2
Office Units
9
Building Details
Building Size
4,328 SF
Year Built
2006
Listing Agency:
WestMark Commercial | TCN Worldwide
Listed By:
Karen Higgins, CCIM · License #TX #0331521-B
(806) 776-2833
Source:
Westmarkcommercial
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 7 at 7:31AM
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 WestMark Commercial | TCN Worldwide
Investment Insights
Based on property information with market context.
This well-equipped car lot is designed for automotive sales and related operations, featuring ample outdoor space for vehicle display, inventory staging, and customer parking. On-site improvements include a 4,328 SF commercial building with a spacious showroom intended for vehicle presentation and customer experience.
The office component includes 9 private offices for sales, management, and administrative staff. A garage with 2 overhead doors supports service, detailing, or additional storage as needed.
Located on high-traffic Frankford Avenue in Lubbock, the property’s size and built improvements make it practical for an automotive-focused business that needs both display space and dedicated indoor work areas.
The office component includes 9 private offices for sales, management, and administrative staff. A garage with 2 overhead doors supports service, detailing, or additional storage as needed.
Located on high-traffic Frankford Avenue in Lubbock, the property’s size and built improvements make it practical for an automotive-focused business that needs both display space and dedicated indoor work areas.
Key Highlights
- Well‑equipped car lot on high‑traffic Frankford Avenue in Lubbock
- 0.87‑acre lot for vehicle display, inventory, and customer parking
- 4,328 SF commercial building with a showroom suited for vehicle display
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,220
$975.2K
Cap Rate 7%
$696,586
$696.6K
Cap Rate 9%
$541,789
$541.8K
Market Conditions
NOI Build-Up for 4,328 SF
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.
Gross rent
$75.3K $17.40/SF
− Vacancy
−$5.6K −$1.31/SF
EGI
$69.7K $16.10/SF
− OpEx
−$20.9K −$4.83/SF
NOI
$48.8K $11.27/SF
Area
Lubbock, TX
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,220
Cap Rate 7%
$696,586
Cap Rate 9%
$541,789
Alternative Uses
Best Use
Industrial
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.09M
$954.7K – $1.27M
NOI $76,377 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
9
Office units
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Leisure 28%
Apparel 21%
Shops & Services 5%
SONIC Drive In
Dining
17,425 visits/mo
0.5 miles
Cinemark Southwest Lubbock Movies 16 and XD
Leisure
13,625 visits/mo
0.2 miles
Goodwill
Apparel
10,018 visits/mo
0.2 miles
SUBWAY
Dining
3,150 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
2,618 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Well-equipped car lot on Frankford Avenue with a 4,328 SF showroom, 9 private offices, and a garage.
Where is this showroom located?
The property is located at 5621 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Well‑equipped car lot on high‑traffic Frankford Avenue in Lubbock; 0.87‑acre lot for vehicle display, inventory, and customer parking; 4,328 SF commercial building with a showroom suited for vehicle display
