Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    404 Frankford Ave Lubbock, TX 79416-4162

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    404 Frankford Ave Lubbock, TX 79416-4162

    View on Map
    • Turn key restaurants
    • 2,187 SF
    • 0.51 lot acres
    Off-Market
    Property ID
    US83-3618802
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tea2Go / (Bike/Boat/Book/etc) Store / Specialty Food Shop

    Property Details for 404 Frankford Ave

    Year built
    2014
    Lot size
    0.51 lot acres
    Property size
    2,187 SF
    Zone code
    17
    Property type
    Turn key restaurants
    APN
    R71423
    APU
    R71423

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.94
    Latitude
    33.5919
    CBSA code
    31180
    CBSA name
    LUBBOCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,680
    $133,841
    $406,159
    $540,000
    -
    $133,841
    $406,159
    $540,000

    Comparable in this City

    • Value Estimation by Request
      3,404 SF

      210 Slide Rd

      RESTAURANT • 3,404 SF
      210 Slide Rd, Lubbock, TX 79416-3152
      View Details
    • Value Estimation by Request
      2,579 SF

      5212 4th St

      RESTAURANT • 2,579 SF
      5212 4th St, Lubbock, TX 79416-4302
      View Details
    • Value Estimation by Request
      3,650 SF

      5721 4th St

      RESTAURANT • 3,650 SF
      5721 4th St, Lubbock, TX 79416
      View Details
    • Value Estimation by Request
      2,316 SF

      5719 4th St

      RESTAURANT • 2,316 SF
      5719 4th St, Lubbock, TX 79416
      View Details
    • Value Estimation by Request
      3,075 SF

      2309 Frankford Ave

      RESTAURANT • 3,075 SF
      2309 Frankford Ave, Lubbock, TX 79416-9651
      View Details
    • Value Estimation by Request
      5,087 SF

      5811 4th St

      RESTAURANT • 5,087 SF
      5811 4th St, Lubbock, TX 79416-4159
      View Details

    Similar Nearby for Sale

    • 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
      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
      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
    • 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

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      New Shopping Center in Lubbock

      Newly constructed shopping center in high-traffic area available for lease.
      6006 4Th St, 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
    • $15 SF/Yr
      9,806 SF

      New Retail Development For Lease

      New retail development with high visibility in growing neighborhood.
      804 N 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
    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.
    404 Frankford Ave
    Lubbock, TX 79416-4162
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!