Commercial Land with City
For Sale
$135,000
7408 19th Street, Lubbock, TX 79407
Level corner parcel with utilities installed and an existing brick structure suitable for potential office conversion.
Property Size891 SF
Price / SF$151.52
Days on Market12
Property Features for 7408 19th Street
General Information
Standard status
Active
Size
891 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$1,299
Amenities
3
Corner Lot.
Level, Rectangular
Corner, City Road, US Highway, Paved Road, Rectangular, Level.
Building Details
Year Built
1960
Listing Agency:
(806) 771-0003
Listed By:
Egenbacher Real Estate
(806) 771-0003
Source:
Xome
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 3 at 3:28AM
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 Egenbacher Real Estate
Investment Insights
Based on property information with market context.
This 0.48-acre commercial land parcel is level, rectangular, and positioned on a corner lot. City utilities are already in place. An existing 891-square-foot brick home, built in 1960, is located on the property and could be converted for office use. The site may also support automotive and vehicle-related sales or service, convenience stores, commercial amusements, and storage facilities under the stated zoning permissions.
The property is located at 7408 19th Street in Lubbock, west of Upland Avenue, with access to Loop 289 and the future Loop 88. It fronts 19th Street/Levelland HWY and is served by paved city roads. The seller also owns an adjoining 0.48-acre parcel on 18th Street and is willing to negotiate its inclusion with the purchase.
The property is located at 7408 19th Street in Lubbock, west of Upland Avenue, with access to Loop 289 and the future Loop 88. It fronts 19th Street/Levelland HWY and is served by paved city roads. The seller also owns an adjoining 0.48-acre parcel on 18th Street and is willing to negotiate its inclusion with the purchase.
Key Highlights
- 0.48‑acre commercial land parcel
- City utilities already in place
- Existing 891‑square‑foot brick home built in 1960
Financial Insights For Office B
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 | $18.7k | $21.00 |
| − Vacancy | −$3.2k | −$3.57 |
| EGI | $15.5k | $17.43 |
| − OpEx | −$3.9k | −$4.36 |
| NOI | $11.6k | $13.07 |
891 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
361
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
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 - Level corner parcel with utilities installed and an existing brick structure suitable for potential 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: 0.48‑acre commercial land parcel; City utilities already in place; Existing 891‑square‑foot brick home built in 1960
