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Property profile & analytics
FOR SALE
Retail space

1621 19Th St Lubbock, TX 79401

4,000 SF 0.12 ac lot Built 1966
Individually Owned Absentee Owner Free & Clear
Property ID
US82-3982330
Property summary
AI-generated overview

This freestanding retail building, located at 1621 19th Street in Lubbock, Texas, presents a compelling investment opportunity. Boasting 4,000 square feet of usable space on a 5,393 square foot lot, this single-story, 1966-built structure is currently 100% occupied. The property is zoned CB-3 and benefits from its location in both the Opportunity Zone (Tract 7) and the Central Business District Revitalization Reinvestment Zone, offering significant potential for growth. Its strategic position between Texas Tech University, the Depot District, and Downtown Lubbock ensures high visibility and convenient access. The building features five on-site parking spaces, plus a secure 12' x 50' fenced, cemented, and locked area behind the building, ideal for storage or additional uses. Well-maintained and family-owned for over three decades, this property boasts a recently replaced roof (2005) and a regularly serviced HVAC system. The interior offers ample office and workspace, making it suitable for a variety of retail or office uses. The asking price is $299,000, translating to $74.75 per square foot. The property's APN is R123674. This is a rare opportunity to acquire a well-maintained, centrally located property with significant upside potential in a thriving Texas market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Total area 4,000 SF
Lot 0.12 ac (5,393 SF)
Zoning code 38
APN R123674
UPID US82-3982330
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Galaxy Pawn Inc Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
BILL ROBERTS
BILL ROBERTS
Zoning & alternative use
38 · Lubbock, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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