Technical
Financial
Distress signals
Property profile

6616 Milwaukee Ave 6620 Lubbock, TX 79424

OFF-MARKET
Strip malls
Property ID
US82-9377041
20,004 SF 3.56 ac lot Built 2016
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail space, totaling 1,982 square feet, is available within the Commons West center in Lubbock, Texas. Built in 2016, this 19,970 square foot multi-tenant property boasts a prime location at 6616 Milwaukee Ave, zip code 79424, in Lubbock County. The property offers outstanding co-tenancy with established businesses such as Potbelly, Sparkle Nails, Red Wing Boot Store, a Class A Barbershop, and Fuddruckers, ensuring high foot traffic and visibility. The strategic location directly off Milwaukee Avenue benefits from over 40,000 vehicles passing daily. Nearby businesses include Little Woodrow's, CarMax, Wendy's, Circle K, and Golf Suites, further enhancing the area's appeal. The property's proximity to hotels and an emergency room adds to its convenience. A strong residential and multi-family community presence provides a substantial customer base. This is an ideal opportunity for a variety of retail or restaurant businesses seeking a high-traffic, well-established location in a thriving area of Lubbock. The property is classified as Retail, Office, and Restaurant, and the current vacancy is 1,982 square feet.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Total area 20,004 SF
Lot 3.56 ac (155,291 SF)
APN R325652
UPID US82-9377041

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
  • (Bike/Boat/Book/etc) Store
  • Nail Salon
  • Medical Clinic
  • Restaurant
  • Sports School

Location

6616 Milwaukee Ave, Unit 6620 Lubbock, TX 79424-0615
Lubbock metro Census 1716 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $880,000 +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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