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 Market802
Property Features for 1801 19th St
General Information
Standard status
Active
Size
3,067 SF
Class
C
Property subtype
Retail
Building Details
Buildings
1
Stories
1
Listing Agency:
Mcdougal Realtors
Listed By:
Mark Oatman · License #Texas 596269
(806) 543-8568
Source:
Crexi
Added: Jul 9, 2024
Changed: Aug 24
Last Checked: Sep 18 at 6:53AM
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
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
$29,627
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
7.90%
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%
$592,540
$592.5K
Cap Rate 7%
$423,243
$423.2K
Cap Rate 9%
$329,189
$329.2K
Market Conditions
NOI Build-Up for 3,067 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
$46.0K $15.00/SF
− Vacancy
−$3.7K −$1.20/SF
EGI
$42.3K $13.80/SF
− OpEx
−$12.7K −$4.14/SF
NOI
$29.6K $9.66/SF
Area
Lubbock, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$592,540
Cap Rate 7%
$423,243
Cap Rate 9%
$329,189
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 17%
Electronics 3%
Home Improvements & Furnishings 1%
McDonald's
Dining
25,285 visits/mo
0.5 miles
Whataburger
Dining
13,752 visits/mo
0.2 miles
Taco Villa
Dining
8,665 visits/mo
0.4 miles
Fuzzy's Taco Shop
Dining
5,454 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
4,491 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
