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1526 19th St Lubbock, TX 79403-5324

OFF-MARKET Strip malls Google Maps
5,100 SF 0.3 ac lot Built 1965
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$55k
Range $50k – $61k (±10%)
Property ID US82-4867083

Property summary

AI-generated overview

This exceptional 5,000 square foot retail property at 1526 E 19th Street, Lubbock, TX, presents a unique investment opportunity. Situated on a 0.3-acre lot, it boasts unparalleled views of the Lubbock Canyon Lake System, offering a highly desirable location for a variety of commercial ventures. Currently a blank canvas, this space is ready for immediate occupancy by new tenants. The property is ideally suited for a restaurant, drive-through business, or retail store. Its location within an Opportunity Zone presents the potential for securing city grants to assist with build-outs and renovations, making it an even more attractive proposition. The current owner is actively undertaking significant improvements, including the installation of a new roof and facade enhancements, ensuring the property is presented in excellent condition for its new owner. Priced at $325,000, this property offers a compelling combination of prime location, attractive features, and significant potential for growth. Don't miss this chance to acquire a truly distinctive retail space in a thriving Lubbock location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 5,100 SF
Lot 0.3 ac (13,000 SF)
Zoning code 38
APN R119952
UPID US82-4867083

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2020
Last sale
$38,000
1 recorded transaction
2020
$38,000

Zoning & alternative use

38 · Lubbock, TX

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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