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6023 82Nd St Lubbock, TX 79424

Strip malls Google Maps
15,669 SF 1.95 ac lot Built 2006
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$545k
Range $491k – $600k (±10%)
Property ID US82-3838841

Property summary

AI-generated overview

River Crossing Shopping Center offers an exceptional opportunity for retail businesses seeking a high-traffic location in Southwest Lubbock. This Class A, single-story building, constructed in 2012, boasts a total of 15,669 square feet, currently 100% vacant and available for lease. The property sits on a generous 84,735 square foot lot, zoned AC (Auto-Urban Commercial) in Lubbock County. Individual spaces range from a minimum of 2,203 square feet to a maximum contiguous space of 2,982 square feet, making it ideal for a variety of retail concepts. The center enjoys a strong tenant mix, including Encore Salon, Stella's Restaurant, Stacked Breakfast & Lunch Cafe, and Baker Outdoors, ensuring a vibrant and active atmosphere. Ample parking is available, including dedicated employee parking. The building's strategic location on 82nd Street provides excellent visibility and accessibility. Suite 1 is available October 2023, and Suite 4 is available November 1, 2023. This is a rare opportunity to secure space in a thriving retail center with high foot traffic and a desirable location. The property's size and layout offer flexibility for various retail uses. Don't miss this chance to establish or expand your business in this prime Lubbock location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 15,669 SF
Lot 1.95 ac (84,735 SF)
APN R307509
UPID US82-3838841

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
  • Property Management Company
  • Hair Salon
  • Restaurant
  • Barber Shop
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$618k
Blend (final) Blend
$545k

Owner & transaction history

since 2012
6 recorded transactions
2020
Price N/A
2013
Price N/A
2012
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $825,000 +44.0%
Retail stores $690,000 +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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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