Commercial Land with Existing
For Sale
$135,000
Pending
7408 19th Street, Lubbock, TX 79407
Commercial Sale, Lubbock, TX
Property Size891 SF
Lot Size0.49 Acres
Days on Market52
Property Features for 7408 19th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
HC
Lot features
Corner Lot, Rectangular Lot, Level
Subdivision
8
Standard status
Pending
APN
R103912
Size
891 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
Brown Crest Blk 1 L 1
Tax Annual Amount
1299
Legal Description
Brown Crest Blk 1 L 1
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Egenbacher Real Estate
(806) 771-0003
Listed By:
Randy Egenbacher · License #0194876
(806) 786-3420
Added: Jul 28
Changed: Sep 8
Last Checked: Sep 17 at 1:06PM
MLS# 202610572
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This HC-zoned commercial land includes public water and sewer utilities along with an existing 891-square-foot brick building constructed in 1960. The structure could be converted for office use, while the zoning supports automotive and vehicle-related sales and service, convenience stores, commercial amusements, and storage facilities.
The property is positioned on 19th Street just west of Upland Avenue, with access to Loop 289 and the future Loop 88. Approximately 100 square foot of frontage is provided along 19th Street/Levelland Highway, a heavily traveled corridor. The site is located at 7408 19th Street in Lubbock, Texas.
The property is positioned on 19th Street just west of Upland Avenue, with access to Loop 289 and the future Loop 88. Approximately 100 square foot of frontage is provided along 19th Street/Levelland Highway, a heavily traveled corridor. The site is located at 7408 19th Street in Lubbock, Texas.
Key Highlights
- HC zoning permits automotive sales and service, convenience stores, commercial amusements, and storage facilities
- Existing 891‑square‑foot brick building constructed in 1960
- Public water and public sewer utilities in place
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
$11,648
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
8.63%
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%
$232,960
$233.0K
Cap Rate 7%
$166,400
$166.4K
Cap Rate 9%
$129,422
$129.4K
Market Conditions
NOI Build-Up for 891 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
$18.7K $21.00/SF
− Vacancy
−$3.2K −$3.57/SF
EGI
$15.5K $17.43/SF
− OpEx
−$3.9K −$4.36/SF
NOI
$11.6K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$232,960
Cap Rate 7%
$166,400
Cap Rate 9%
$129,422
Alternative Uses
Best Use
Office B
$166.4K
$145.6K – $194.1K
NOI $11,648 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.6K
$196.6K – $262.1K
NOI $15,724 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - HC-zoned commercial land with public utilities and an existing brick structure suited for office conversion.
Where is this commercial land located?
The property is located at 7408 19th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: HC zoning permits automotive sales and service, convenience stores, commercial amusements, and storage facilities; Existing 891‑square‑foot brick building constructed in 1960; Public water and public sewer utilities in place
