Retail Space on 1.67
1211 19th St Lubbock, TX 79401
1211 19th St, Lubbock, TX, 79401
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For Sale
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Retail space with financing options on 1.67 acres.
Property Size13,417 SF
Lot Size1.67 Acres
Price / SF$119.25
Days on Market702
Property Features for 1211 19th St
General Information
- Standard status
- Active
- Size
- 13,417 SF
- Lot size
- 1.67 Acres
- Property subtype
- Retail
Listing Agency
Bill Young Real Estate
(806) 776-1270
Listed by
Bill Young · License #TX364208
Source
Crexi
Added: Aug 15, 2024 Checked: Jul 13 at 10:04 am
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 Bill Young Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a building with approximately 13,417 square feet of retail space, situated on a 1.67-acre lot. The zoning is General (MU-3). Financing is available on a purchase by IBC Bank to a qualified buyer.
Key Highlights
- Building Size: Approximately 13,417 SF
- Total Land Area: 1.67 Acres
- Purchase Price: $1,600,000.00
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 | $201.3k | $15.00 |
| − Vacancy | −$16.1k | −$1.20 |
| EGI | $185.2k | $13.80 |
| − OpEx | −$55.5k | −$4.14 |
| NOI | $129.6k | $9.66 |
13,417 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,608 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,772 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Byrider Lubbock
Car Dealership
Tex Fi Capital
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with financing options on 1.67 acres.
Where is this retail space located?
The property is located at 1211 19th St Lubbock, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Building Size: Approximately 13,417 SF; Total Land Area: 1.67 Acres; Purchase Price: $1,600,000.00
