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5510 4Th St Lubbock, TX 79416

Strip malls Google Maps
46,601 SF 5.48 ac lot Built 2005
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.72M
Range $1.54M – $1.89M (±10%)
Property ID US83-4192231

Property summary

AI-generated overview

West Wind Shopping Center, located at 5510 4th Street in Lubbock, Texas, presents a compelling investment opportunity. This single-story, 46,085 square foot retail strip center, built in 2005, sits on a 5.52-acre lot in Lubbock County (zip code 79416). The property boasts a prime location just off Loop 289, providing excellent visibility and accessibility. The center features a diverse mix of established tenants, including Spec's Beer, Wine & Liquor, Weinerschnitzel, Beef O'Brady's, Sally Beauty, Wing Stop, Dollar Tree, CATO, China Express, Cricket Wireless, TOAH Studio, and Pretty Nails. Conveniently situated near Walmart, the center benefits from high traffic counts and a strong customer base. Outlots further enhance the property's appeal, with tenants such as City Bank, Whataburger, Slim Chickens, and a University Medical Center Clinic. The center's proximity to Texas Tech University and Lubbock Christian University, along with the recent development of nearby businesses like Alamo Drafthouse Cinema, Chick-fil-A, and Raising Cane's, underscores the area's growth potential. Individual spaces are available, with a minimum divisible space of 1,243 square feet and a maximum contiguous space of 1,243 square feet. This well-maintained property offers a strong return on investment for savvy investors seeking a thriving retail location in a rapidly growing area of Lubbock.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 46,601 SF
Lot 5.48 ac (238,713 SF)
APN R308072
UPID US83-4192231

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Restaurant
  • Crypto Atm Atm
  • Restaurant Take-out & Catering
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.72M

Owner & transaction history

since 2007
6 recorded transactions
2017
Price N/A
2007
Price N/A
2007
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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