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    4 & Milwaukee Ave Lubbock, TX 79416
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    4 & Milwaukee Ave Lubbock, TX 79416

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    • Retail properties & Spaces
    • 71,020 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 4 & Milwaukee Ave

    Property size
    71,020 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 71,020 square foot retail pad site presents a remarkable investment opportunity in Lubbock, Texas. Located at the intersection of 4th and Milwaukee Avenue, this vacant land boasts a highly desirable location, perfectly positioned for immediate development. The property is conveniently situated near a newly constructed United Supermarket, providing significant anchor tenant synergy and attracting substantial foot traffic. This development-ready site is part of a larger retail center encompassing 10,000 square feet of existing retail space, further enhancing its appeal and potential for success. The expansive lot size offers unparalleled flexibility for a variety of retail developments, catering to a wide range of businesses and concepts. With its prime location, strong anchor tenant, and ample space, this pad site represents a unique chance to establish a thriving retail presence in a growing Lubbock market. The property is zoned for retail use and is ready for immediate construction, minimizing delays and maximizing return on investment. Detailed site plans and zoning information are available upon request. This is an exceptional opportunity to capitalize on the vibrant retail landscape of Lubbock, Texas. The property's strategic location and existing infrastructure make it an ideal choice for developers seeking a high-impact retail investment. Don't miss this chance to secure a prime piece of Lubbock real estate.

    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

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      10,000 SF

      Lubbock Tx

      Land • 10,000 SF
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      10,066 SF

      Lubbock Tx

      Neighborhood centers • 10,066 SF
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      2,574 SF

      5201 13th St

      RETAIL STORES (PERSONAL SERVICES) • 2,574 SF
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    • Value Estimation
      $670,000
      6,753 SF

      5819 4th St

      RETAIL STORES (PERSONAL SERVICES) • 6,753 SF
      5819 4th St, Lubbock, TX 79416-4159
      View Details
    • Value Estimation by Request
      4,216 SF

      410 Frankford Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,216 SF
      410 Frankford Ave, Lubbock, TX 79416-4014
      View Details

    Similar Nearby for Sale

    • 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
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    • 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
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    • Contact for pricing

      Development Site on Frankford Avenue

      11.41-acre lot with house, barn, and well.
      2109 N Frankford Ave, Lubbock, TX 79416
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    • $195,000
      5.78 Acres

      Lubbock Land Near Future Growth

      5.78 acres in Lubbock, TX, near future development.
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      431.7 Acres Development Opportunity

      431.7 acres suitable for residential, commercial, or recreational development.
      6300 Shallowater Dr, Lubbock, TX 79416
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      Lubbock Land For Sale

      Land available for sale in Lubbock, Texas.
      2631 Iola Ave, Lubbock, TX 79416
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    Similar Nearby for Lease

    • $20 SF/Yr
      10,000 SF

      Prime Lubbock Retail Pad Sites

      Development-ready pads near United Supermarket
      0 Lubbock Tx, Lubbock, TX 79416
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    • $20 SF/Yr
      1,745 SF

      Retail Space Available For Rent

      Retail space available for lease in Lubbock, Texas.
      5718 4Th St, Lubbock, TX 79416
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    • $18 SF/Yr

      Retail Space Near Texas Tech

      Retail space for sale near a busy Lubbock intersection.
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    • $12 SF/Yr
      3,000 SF

      West Loop Retail Frontage Available

      Retail or office space with high visibility and easy access.
      612 Loop 289 W, Lubbock, TX 79416
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    • Contact for pricing

      Retail Outparcel on Loop 289

      Retail space available November 2024 on Loop 289.
      602 Loop 289 W, Lubbock, TX 79416
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    • $25 SF/Yr
      2,250 SF

      Retail Space on Milwaukee Avenue

      Retail space available in rapidly growing Milwaukee Avenue corridor.
      7320 Milwaukee Ave, Lubbock, TX 79416
      View Details
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    Lubbock, TX 79416
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    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
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    4 & Milwaukee Ave, Lubbock, TX, 79416
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