Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2514 82Nd St Lubbock, TX 79423

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two spaces available, high traffic location.

    Lot size:
    1 SF

    Property Features for 2514 82Nd St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Spaces For Lease

    at 2514 82Nd St, Lubbock, TX 79423 Contact us

    We can help!

    Listing Contact
    Jack Weir
    Jack Weir

    Listing Agency: SHOP Companies Dallas Listing Agent: Jack Weir

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity presents two available pads totaling 0.85 acres at the highly visible intersection of 82nd Street and University Avenue in Lubbock, Texas. Located in Lubbock County, this property boasts a prime location with strong co-tenancy and impressive traffic counts exceeding 74,000 vehicles per day (VPD). The site is ideal for redevelopment, offering significant potential for businesses seeking high visibility and accessibility. The property is classified as Commercial, Retail Pad, with multiple tenancy options available. The total building square footage is currently listed as 1 square foot, indicating the land is available for new construction. This presents a unique chance to build a new retail space tailored to your specific needs. The address is 2514 82nd St, Lubbock, TX 79423. With its strategic location and high traffic volume, this property represents a compelling investment opportunity for discerning businesses seeking a prominent presence in a thriving Lubbock market. The property's zoning and specific building restrictions should be verified independently.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stonebridge Alliance LLC Physician Jennifer Linden Beck Foster Care Service Earlene Bustillos Foster Care Service Debora Phillips Foster Care Service Allison Medina Foster Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8718293
    Latitude
    33.520231

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Pyramid Plaza

      Discover many ways to work your way in Democracy Plaza
      3223 Loop 289, Lubbock, TX 79423
      View Details
    • $2,600 /Mo
      8,330 SF

      New Class A Office Space

      Premium office spaces in high-traffic Lubbock location, built in 2025.
      206 Slide Rd, Lubbock, TX 79416
      View Details
    • $4,500 /Mo
      11,400 SF

      Lubbock Commercial Property with Warehouse

      4.625-acre property featuring renovated office, warehouse, and ag barn.
      510 Valencia Ave, Lubbock, TX 79416
      View Details
    • $11 SF/Yr
      7,200 SF

      New Office-Warehouse Facility For Lease

      New construction office-warehouse with drive-through access in growing industrial corridor.
      8922 County Rd 6820, Lubbock, TX 79407
      View Details
    • $3,869 /Mo
      2,381 SF

      Move-in Ready Southwest Lubbock Office

      Modern office space with upgrades and convenient access in Lubbock.
      6403 107Th St, Lubbock, TX 79424
      View Details
    • $22 SF/Yr
      18,731 SF

      Modern Office Space in Lubbock

      Modern office space in a prime Lubbock location.
      6905 82Nd St, Lubbock, TX 79424
      View Details
    • $10 SF/Yr
      4,576 SF

      Versatile Two-Story Commercial Office Building

      Two-story commercial office building with ample parking and flexible layout.
      2529 74Th St, Lubbock, TX 79423
      View Details
    • $11,600 /Mo
      3,292 SF

      Move-in Ready Office Space

      Office space with operatory, restrooms, break room, and reception.
      6102 82Nd St, Lubbock, TX 79424
      View Details
    • $18 SF/Yr
      26,739 SF

      Lubbock Office Space Available

      Office space for lease in Lubbock, Texas.
      7202 Slide Rd, Lubbock, TX 79424
      View Details
    • $19 SF/Yr
      2,259 SF

      Lubbock Office Space For Lease

      Prime office space with modern amenities and cost-saving features.
      3402 110Th St, Lubbock, TX 79423
      View Details
    • $500 /Mo
      160 SF

      Furnished Office Suites for Lease

      Private, furnished office suites in a multi-tenant co-working space.
      3610 34Th St, Lubbock, TX 79410
      View Details
    • $1,350 /Mo
      3,464 SF

      South Lubbock Office Building For Lease

      Professional office building in prime South Lubbock location.
      10309 Indiana Ave, Lubbock, TX 79423
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Two spaces available, high traffic location.
    Where is this individual retail property located?
    The property is located at 2514 82Nd St Lubbock, TX.
    What are key features of this property?
    This property features: Ground Lease & Build-to-Suit Opportunity; 0.85-acre pad site, lease negotiations underway with national quick-service restaurant (QSR) tenant; 0.85-acre pad site available
    Request Owner's contact information
    2514 82Nd St Lubbock, TX 79423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2514 82Nd St
    Lubbock, TX 79423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2514 82Nd St Lubbock, TX 79423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Weir
    Jack Weir
    Learn more
    Google sign-in failed. Please try again or use another login method.