Log In/Sign Up
Your email has been sent.
4802-4816 Avenue Q 19,336 SF 100% Leased Retail Building Lubbock, TX 79412 $725,000 ($37.49/SF) 7.42% Cap Rate
Investment Highlights
- 11 tenant spaces
- 800 - 4,000 SF spaces
- Anchor Long-Standing Tenant, Rodeo Bar
- High Traffic (17,960)
- Auto-Urban Corridor ideal for Auto Service Retail
- Close Proximity to I-27
Executive Summary
Located off 50th St and the historic Avenue Q, this multi- tenant retail strip center has space for 11 Tenants & Signage Income. There's a significant Automobile Industry presence
on Ave Q. Nearby the United Grocery Store and across from Walgreens, this building comes with a 0.3 acre lot to the west and access from all sides.There's an established tenancy reputation and zoned C4 with a daily traffic count of 17,960 (2022). Incredible upside on this building as rents have remained the relatively the same for 8 years and there's a value add opportunity to remodel and raise rents.
on Ave Q. Nearby the United Grocery Store and across from Walgreens, this building comes with a 0.3 acre lot to the west and access from all sides.There's an established tenancy reputation and zoned C4 with a daily traffic count of 17,960 (2022). Incredible upside on this building as rents have remained the relatively the same for 8 years and there's a value add opportunity to remodel and raise rents.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,336 SF
Building Class
C
Year Built
1959
Price
$725,000
Price Per SF
$37.49
Cap Rate
7.42%
NOI
$53,795
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.38 AC
Zoning
c-4
Parking
150 Spaces (7.76 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | R128233 | Total Assessment | $480,000 (2025) |
| Land Assessment | $149,813 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $330,187 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R128233
Land Assessment
$149,813 (2025)
Improvements Assessment
$330,187 (2025)
Total Assessment
$480,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
4802-4816 Avenue Q
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.