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    Property profile & analytics
    FOR LEASE
    Strip malls

    7412 University Ave, Lubbock, TX 79423

    28,116 SF 2.09 ac lot Built 1986
    Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-2593799
    Property summary
    AI-generated overview

    This exceptional 7,000-square-foot retail/office space is located at 7412 University Avenue in Lubbock, Texas, zip code 79423. The property is part of a larger building totaling 28,116 square feet and features a multi-tenant occupancy. This second-generation space offers a turnkey solution for businesses seeking a well-appointed and functional office environment. The layout includes nine private offices, providing ample space for individual work or team collaboration. A large bullpen area offers flexibility for open-plan workstyles, while a spacious conference room is ideal for meetings and presentations. A fully equipped kitchen and a welcoming reception area complete the space, enhancing both employee comfort and client experience. The property's prime location within Lubbock's thriving commercial district ensures high visibility and easy access for employees and clients alike. This is an excellent opportunity for a business seeking a move-in ready, well-designed office space in a desirable location. The space is immediately available. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1986
    Total area 28,116 SF
    Lot 2.09 ac (90,862 SF)
    Zoning code 38
    APN R132121
    UPID US82-2593799
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Little Panda Restaurant
    • Smoke Scene (Bike/Boat/Book/etc) Store
    • Mr. Credit Solutions Financial Advisor
    • Express Employment Professionals Employment Agency
    • OneMain Financial Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $705k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.59M
    Blend (final) Blend
    $1.15M
    Owner & transaction history
    Capital Tree Properties LLC · 12 yrs held
    Capital Tree Properties LLC
    since 2014
    7 recorded transactions
    2018
    2018
    2017
    2017
    2016
    2015
    2014
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.7M +52.1%
    Warehouse, storage $1.4M +20.8%
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    More about this property
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