1824 Parkway Dr Lubbock, TX 79403
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.
-
Parkway Pharmacy Pharmacy
-
Pizza Hut Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.