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    Lubbock Tx Lubbock, TX 79424

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    Lubbock Tx Lubbock, TX 79424

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    • Retail properties & Spaces
    • 77,100 SF
    • 6.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Lubbock Tx

    Lot size
    6.30 lot acres
    Property size
    77,100 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 77,100 square foot mixed-use development in Lubbock County presents a unique investment opportunity. Situated on a sizable 6.3-acre lot, this property boasts seven buildings and offers a diverse range of space options, ideal for a variety of commercial tenants. The property currently features twelve suites, with 12,000 square feet of vacant space immediately available. Units range from a minimum of 1,200 square feet to a maximum contiguous space of 54,400 square feet, providing flexibility for businesses of all sizes. The property's location along Quaker Avenue, a major arterial road in South Lubbock, ensures high visibility and excellent accessibility. This area is experiencing significant commercial and residential growth, making this a prime location for businesses seeking to capitalize on the expanding market. The property's versatility allows for a mix of retail, restaurant, and office tenants, creating a vibrant and dynamic commercial environment. The ample land area also provides potential for future expansion or development. This is an exceptional opportunity to acquire a well-located, multi-tenant property in a thriving South Lubbock market. The existing infrastructure and flexible space options make this an attractive investment for both individual and portfolio investors.

    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
    -101.905
    Latitude
    33.482

    Comparable in this City

    • Value Estimation by Request
      11,436 SF

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      9,221 SF

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      Restaurants • 9,221 SF
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      3,765 SF

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      4,126 SF

      7735 Marsha Sharp Fwy

      Restaurants • 4,126 SF
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    • Value Estimation by Request
      10,000 SF

      6703 Milwaukee Ave

      Office properties & Spaces • 10,000 SF
      6703 Milwaukee Ave, Lubbock, TX 79424
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    • Value Estimation by Request
      3.49 Acres

      12411 Slide Rd

      Land • 3.49 Acres
      12411 Slide Rd, Lubbock, TX 79424
      View Details

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      Freestanding Restaurant Space on Slide

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      25,137 SF

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      Three-story Class B+ multi-tenant office building with recent renovations.
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    • $3,700,000
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      Lubbock Land Hard Corner Opportunity

      13.53 acres at 98th & Upland, prime for development.
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    • $2,800,000
      10,450 SF

      Retail/Office Space on Slide Road

      High-visibility retail/office space available for lease on Slide Road.
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      1,800 SF

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    Similar Nearby for Lease

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      Commercial Land in South Lubbock

      6.36 acres of commercial land with excellent visibility.
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      204 SF

      Prime Commercial Site on Slide

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      9822 Slide Rd, Lubbock, TX 79424
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      Restaurant Space with Enclosed Patio

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      Lubbock Retail/Office Space Available

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    • $32 SF/Yr
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      Retail and Restaurant Space Available

      Retail and restaurant space for lease with high traffic volume.
      8201 Quaker Ave, Lubbock, TX 79424
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      Retail spaces available in Lubbock near national retailers.
      6301 82Nd St, Lubbock, TX 79424
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    Lubbock, TX 79424
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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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