Retail Building in Growing
For Sale
Contact for pricing
1801 19th St, Lubbock, TX 79401
3,067 SF retail building with ample parking for sale.
Property Size3,067 SF
Price / SF$122.27
Days on Market757
Property Features for 1801 19th St
General Information
Standard status
Active
Size
3,067 SF
Property subtype
Retail
Listing Agency:
Mcdougal Realtors
(806) 543-8568
Listed By:
Mark Oatman · License #Texas 596269
Source:
Crexi
Added: Jul 9, 2024
Changed: Jul 6
Last Checked: Aug 3 at 5:23AM
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 Mcdougal Realtors
Investment Insights
Based on property information with market context.
This 3,067 square foot building presents an investment opportunity in Lubbock, TX. Situated on the corner of Avenue R and 19th Street, the property benefits from high traffic counts. The location is near Cavender Lexus and Cadillac dealerships, in an area experiencing ongoing growth and redevelopment. The property includes a large lot with ample parking.
Key Highlights
- High traffic location at the corner of Ave R. and 19th St.
- Located in a growing and redeveloping area of Lubbock, TX
- Large lot with ample parking
Financial Insights For Retail
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 | $46.0k | $15.00 |
| − Vacancy | −$3.7k | −$1.20 |
| EGI | $42.3k | $13.80 |
| − OpEx | −$12.7k | −$4.14 |
| NOI | $29.6k | $9.66 |
3,067 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$423.2K
$370.3K – $493.8K
NOI $29,627 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.2K
$676.6K – $902.1K
NOI $54,124 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SONIC Drive In
Dining
11,646 visits/mo
0.2 miles
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 3,067 SF retail building with ample parking for sale.
Where is this retail space located?
The property is located at 1801 19th St Lubbock, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High traffic location at the corner of Ave R. and 19th St.; Located in a growing and redeveloping area of Lubbock, TX; Large lot with ample parking
