Technical
Financial
Distress signals
Property profile

5815 82Nd St Lubbock, TX 79424

FOR LEASE
Strip malls
Property ID
US82-3114693
16,451 SF 1.91 ac lot Built 2002
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

Regal Park Village, a single-story retail strip center in Lubbock County, offers 16,600 square feet of space across nine suites. Currently, 4,896 square feet are available for lease, with two contiguous spaces ranging from 1,360 to 1,610 square feet. This prime retail location boasts a highly visible position on 82nd Street and Frankford Avenue, one of Lubbock's major east-west arteries. The center benefits from exceptional visibility and accessibility, situated directly across from a United Supermarket and next to a CVS Pharmacy. This strategic placement ensures high foot traffic and exposure to a substantial customer base. The 1.5-acre lot provides ample parking for customers and tenants. The surrounding area is densely populated with numerous residential neighborhoods, creating a strong local market for retail businesses. This opportunity is ideal for businesses seeking a well-established location with high visibility and convenient access in a thriving Lubbock community. The property's location ensures easy access for customers and employees alike. The available space presents a unique chance to establish or expand a retail presence in a high-demand area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 16,451 SF
Lot 1.91 ac (83,027 SF)
APN R167742
UPID US82-3114693

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
  • Computer & Electronic Repair
  • Roofing Company General Contractor
  • Construction Company General Contractor
  • (Bike/Boat/Book/etc) Store
  • Spa & Massage Center

Location

5815 82Nd St Lubbock, TX 79424
Lubbock metro Census 10415 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$707k
Blend (final) Blend
$620k

Owner & transaction history

since 2005
3 recorded transactions
2020
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $865,000 +44.0%
Retail stores $725,000 +20.4%

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?”
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