5621 Frankford Ave, Lubbock, TX 79424
Well-equipped car lot with a showroom, nine private offices, and a garage featuring two overhead doors.
Property Features for 5621 Frankford Ave
General Information
Amenities
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Investment Insights
Based on property information with market context.
The property is located on Frankford Avenue and is described as being on a high-traffic corridor in Lubbock, offering visibility and customer accessibility for automotive retail use.
The site configuration supports both vehicle display and customer parking alongside an office-equipped showroom and garage for operational flexibility.
Key Highlights
- 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 showroom for customer‑facing inventory
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 | $75.3k | $17.40 |
| − Vacancy | −$5.6k | −$1.31 |
| EGI | $69.7k | $16.10 |
| − OpEx | −$20.9k | −$4.83 |
| NOI | $48.8k | $11.27 |
Alternative Uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Foot Traffic Nearby
Demographics for 79424, TX
Market
Vacancy Rate% for Retail in South region
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