Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4501 Avenue Q Lubbock, TX 79412
    Property profile & analytics

    4501 Avenue Q, Lubbock, TX 79412

    View on Map
    • Retail properties & Spaces
    • 35,001 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hayes Motor Company Trucks / Car Dealership
    • Hayes Motor Company / Car Dealership

    Property Details for 4501 Avenue Q

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 35,001-square-foot retail property, located at 4501 Avenue Q in Lubbock, Texas, presents a unique investment opportunity. Currently operating as an established auto dealership, this property boasts significant frontage on Avenue Q, extending from 45th to 46th Street. The building itself includes four smaller sales offices, four larger offices (one with a private bathroom), an employee break room/kitchen, and two additional bathrooms. Designed specifically for auto sales and buy-here, pay-here operations, this versatile space offers significant potential for various commercial uses. The expansive paved lot, totaling 35,001 square feet (0.80 acres), provides ample space for inventory and customer parking. The property is zoned Heavy Commercial (HC), ensuring flexibility for a wide range of businesses. 2023 property taxes were $8,313.98. This turnkey operation offers a rare chance to acquire an established business location with significant street visibility in a high-traffic area of Lubbock. The property's size, location, and existing infrastructure make it an ideal investment for savvy entrepreneurs seeking a well-established commercial space. The property is currently operational, and interested parties should schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.855
    Latitude
    33.5532

    Comparable in this City

    • Value Estimation by Request
      1,150 SF

      4718 Avenue Q

      Individual retail properties
      4718 Avenue Q, Lubbock, TX 79412
      View Details
    • Value Estimation by Request
      950 SF

      4302 Avenue Q

      Individual retail properties
      4302 Avenue Q, Lubbock, TX 79412
      View Details
    • Value Estimation by Request
      10,270 SF

      2014 50th St

      RETAIL STORES (PERSONAL SERVICES)
      2014 50th St, Lubbock, TX 79412-2708
      View Details
    • Value Estimation by Request
      2,760 SF

      1220 50th St

      RETAIL STORES (PERSONAL SERVICES)
      1220 50th St, Lubbock, TX 79412-3103
      View Details
    • Value Estimation by Request
      5,846 SF

      1901 50th St Ste C

      RETAIL STORES (PERSONAL SERVICES)
      1901 50th St Ste C, Lubbock, TX 79412-2716
      View Details
    • Value Estimation by Request
      7,000 SF

      1626 50th St

      RETAIL STORES (PERSONAL SERVICES)
      1626 50th St, Lubbock, TX 79412-2907
      View Details

    Similar Nearby for Sale

    • $199,000

      Corner Redevelopment Opportunity Near Tech

      High-visibility corner property ideal for redevelopment near Texas Tech.
      2167 50Th St, Lubbock, TX 79412
      View Details
    • $115,000
      1.84 Acres

      Lubbock Commercial Land For Sale

      High-visibility corner lot ideal for service-based businesses.
      1301 42Nd St, Lubbock, TX 79412
      View Details
    • Contact for pricing
      3,798 SF

      Former Church and Adjacent Property

      High-visibility corner location with redevelopment potential near Texas Tech.
      2163 50Th St, Lubbock, TX 79412
      View Details
    • Contact for pricing
      950 SF

      Retail Property in Lubbock, TX

      Retail property for sale in Lubbock, Texas.
      4302 Avenue Q, Lubbock, TX 79412
      View Details
    • $725,000

      East Central Lubbock Retail Center

      Retail strip center for sale in East Central Lubbock.
      4802 Avenue Q, Lubbock, TX 79412
      View Details
    • $625,000

      Commercial Property in Dense District

      Commercial property in a dense district with high visibility.
      4718 Avenue Q, Lubbock, TX 79412
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,093 SF

      High-Traffic Retail/Office End-Cap Unit

      Adaptable 1,500 SF retail or office space in high-traffic location.
      6309 66Th St, Lubbock, TX 79412
      View Details
    • $750 /Mo

      Versatile Commercial Space for Lease

      Office, warehouse, retail, or showroom space available for lease.
      I-27 35Th St, Lubbock, TX 79412
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Briercroft Center

      Retail space for lease in a remodeled shopping center.
      5302 Avenue Q, Lubbock, TX 79412
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Neighborhood shopping center with high traffic and visibility.
      5302 Avenue Q, Lubbock, TX 79412
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      6502 Caprock Dr, Lubbock, TX 79412
      View Details
    • Contact for pricing
      396 SF

      Professional Office Suite For Lease

      Well-maintained office plaza with versatile space options and ample parking.
      2315-2321 50Th St, Lubbock, TX 79412
      View Details
    Request Owner's contact information
    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.
    4501 Avenue Q
    Lubbock, TX 79412
    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
    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

    Thank You for Inquiry
    4501 Avenue Q, Lubbock, TX, 79412
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!