1801 19th St, Lubbock, TX 79401
3,067 SF retail building with ample parking for sale.
- Added:
- Jul 9, 2024
- Days on Market:
- 712
- Last Refresh:
- May 12 at 9:18 pm
Property Features for 1801 19th St
General Information
- Standard status
- Active
- Size
- 3,067 SF
- Property subtype
- Retail
Listing agent Mark Oatman License #Texas 596269
Listing office Mcdougal Realtors (806) 543-8568
Listing date Jul 9, 2024
Source Crexi
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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
- 3,067 square foot building
- Investment opportunity
- Located near Cavender Lexus and Cadillac dealerships
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.857087
- Latitude
- 33.577559
