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Property profile

1824 Parkway Dr Lubbock, TX 79403

OFF-MARKET
Retail properties & Spaces
19,416 SF Built 2009
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Property summary

AI-generated overview

This exceptional 19,416 square foot commercial property, built in 2009, is situated at 1824 & 1826 Parkway Drive in Lubbock, Texas (zip code 79403, APN R316848). The single-story building offers a blend of retail and office space, currently configured as a mix of traditional office and medical office uses. A total of 2,800 square feet is currently vacant and available for lease. The property boasts a prime location on US 82 frontage near MLK Blvd, ensuring high visibility and strong foot traffic. Existing tenants include well-established businesses such as Pizza Hut, Parkway Health Mart and Pharmacy, Cricket Wireless, and Community Health Center of Lubbock Renal Care, creating a thriving commercial environment. The available suite features a spacious waiting room, six exam rooms/offices (easily adaptable for other uses), two bathrooms, a main office, and a dedicated equipment room. Its versatile layout makes it ideal for a variety of businesses, including but not limited to medical practices, retail establishments, or restaurants. The property's strategic location and strong tenant mix present a compelling opportunity for businesses seeking high visibility and a convenient location in Lubbock, Texas. The property is easily accessible and benefits from the established presence of successful businesses in the immediate vicinity. This is a rare opportunity to secure space in a well-maintained, modern building with excellent visibility and a strong tenant base.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2009
Total area 19,416 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Restaurant

Location

1824 Parkway Dr Lubbock, TX 79403
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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