Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lubbock Tx Lubbock, TX 79416
    Back to Search
    Property profile & analytics

    Lubbock Tx Lubbock, TX 79416

    View on Map
    • Neighborhood centers
    • 10,066 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Lubbock Tx

    Property size
    10,066 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located within the 4th and Milwaukee Shopping Center in Lubbock County. The center boasts a total of 10,066 square feet and is anchored by a United Supermarket, ensuring high foot traffic and strong visibility. Currently, there is 1,860 square feet of immediately available retail space perfect for a variety of businesses. This space is part of a multi-tenant strip center, offering a collaborative and vibrant retail environment. In addition to the available inline space, there are also two remaining pad sites available, each offering significant frontage along major thoroughfares, presenting exceptional opportunities for businesses requiring high visibility and ample space. The property's strategic location within a well-established shopping center, coupled with the presence of a major grocery anchor, provides a strong foundation for success. This is an ideal location for businesses seeking high traffic, convenient access, and a thriving retail community. The available space is ready for immediate occupancy, allowing for a quick start to your business operations. Don't miss this chance to secure a prime retail location in a bustling Lubbock County shopping center.

    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
    -101.957
    Latitude
    33.5923

    Comparable in this City

    • Value Estimation by Request

      801 Quaker Ave

      Individual retail properties
      801 Quaker Ave, Lubbock, TX 79416
      View Details
    • Value Estimation by Request
      71,020 SF

      4 & Milwaukee Ave

      Individual retail properties • 71,020 SF
      0 4 & Milwaukee Ave, Lubbock, TX 79416
      View Details
    • Value Estimation
      $880,000
      20,121 SF

      405 Slide Rd

      SHOPPING CENTER, STRIP CENTER • 20,121 SF
      405 Slide Rd, Lubbock, TX 79416-4356
      View Details
    • Value Estimation
      $570,000
      11,270 SF

      305 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 11,270 SF
      305 Frankford Ave, Lubbock, TX 79416-1530
      View Details
    • Value Estimation by Request
      9,450 SF

      5707 4th St

      SHOPPING CENTER, STRIP CENTER • 9,450 SF
      5707 4th St, Lubbock, TX 79416-4243
      View Details
    • Value Estimation
      $800,000
      16,830 SF

      6006 4th St

      SHOPPING CENTER, STRIP CENTER • 16,830 SF
      6006 4th St, Lubbock, TX 79416-4286
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70,479 SF

      Grocery-Anchored Shopping Center in Lubbock

      70,479 SF shopping center near Texas Tech University.
      405 Slide Rd, Lubbock, TX 79416
      View Details
    • Contact for pricing
      1,860 SF

      Retail Space Available For Rent

      Retail space available for lease in Lubbock, Texas.
      6309 4Th St, Lubbock, TX 79416
      View Details
    • Contact for pricing
      71,020 SF

      Lubbock Pad Site Opportunity

      Prime 1.63-acre pad site in a high-traffic retail corridor.
      4 & Milwaukee Ave, Lubbock, TX 79416
      View Details
    • $850,000
      4,800 SF

      Remodeled Commercial Building on Slide Road

      Remodeled 4,800 SF commercial building with flexible space.
      5211 13Th St, Lubbock, TX 79416
      View Details
    • Contact for pricing
      38,580 SF

      Versatile Commercial Property on Clovis Road

      38,580 SF building on 3.39 acres near Stars & Stripes.
      5013 Clovis Rd, Lubbock, TX 79416
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Retail Space Near Texas Tech

      Retail space for sale near a busy Lubbock intersection.
      305 Frankford Ave, Lubbock, TX 79416
      View Details
    • $18 SF/Yr
      2,806 SF

      New Retail Space in Lubbock

      New retail space in high-traffic Lubbock shopping center.
      4525 Milwaukee Ave, Lubbock, TX 79416
      View Details
    • Contact for pricing

      Premier Retail Destination in Lubbock

      Retail space in high-traffic area with diverse tenant mix.
      417 Frankford Ave, Lubbock, TX 79416
      View Details
    • $18 SF/Yr
      2,042 SF

      New Shopping Center in Lubbock

      New shopping center in high-traffic area, suitable for various businesses.
      6006 4Th St, Lubbock, TX 79416
      View Details
    • Contact for pricing

      New Retail Development For Lease

      New retail development with high visibility in growing neighborhood.
      804 North Frankford Ave, Lubbock, TX 79416
      View Details
    • $22 SF/Yr
      1,243 SF

      Retail Space in West Wind Center

      Retail space in high-traffic shopping center, suitable for any retail.
      5510 4Th St, Lubbock, TX 79416
      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.
    Lubbock Tx
    Lubbock, TX 79416
    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
    Lubbock Tx, Lubbock, TX, 79416
    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!