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7717 Milwaukee Ave Lubbock, TX 79424

Strip malls Google Maps
9,465 SF 0.93 ac lot Built 2017
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$470k
Range $423k – $517k (±10%)
Property ID US82-6688252

Property summary

AI-generated overview

Milwaukee Plaza, located at 7717 Milwaukee Ave in Lubbock, Texas, presents a fantastic retail opportunity. This Class A retail strip center, built in 2017, offers a single vacant space totaling 1,480 square feet, representing the minimum and maximum contiguous space available. The entire center encompasses 9,465 square feet situated on a 0.93-acre lot in Lubbock County. The property benefits from its location on Milwaukee Avenue, a major thoroughfare in Lubbock, serving a vibrant commercial and residential area. This high-traffic location provides excellent visibility and accessibility for businesses. The landlord is offering a significant tenant improvement allowance of $25.00 per square foot to assist with build-out costs. This is an exceptional chance to establish or expand a retail presence in a thriving Lubbock neighborhood. The property's 2017 construction ensures modern amenities and efficient space planning. The address is 7717 Milwaukee Ave, Lubbock, TX 79424.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Total area 9,465 SF
Lot 0.93 ac (40,511 SF)
APN R313200
UPID US82-6688252

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
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Commercial Cleaning Service
  • Recycling Center Waste Management Facility
  • Association / Organization

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2020
Price N/A
2020
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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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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