Updated Commercial Space with
For Sale
$1,250,000
10210 Frankford Avenue, Lubbock, TX 79424
COMMERCIAL - Lubbock, TX
Property Size7,224 SF
Lot Size0.39 Acres
Price / SF$173.03
Days on Market310
Property Features for 10210 Frankford Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
7
Standard status
Active
Size
7,224 SF
Lot size
0.39 Acres
Building Details
Year built
2017
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jacoby Madewell · License #0637317
(806) 654-7828
Added: Sep 26, 2025
Changed: Apr 22
Last Checked: Aug 1 at 7:06PM
MLS# 202561112
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated commercial space is designed to accommodate a team's success. The property includes 18 private offices, each equipped with dedicated network cabling. A spacious conference room is available for meetings and collaboration. The grand entry foyer features a fireplace. There are three private unisex bathrooms. A private employee courtyard is available for breaks or outdoor gatherings. Amenities include a Tesla charger. The building has a new roof coming soon. The property contains 7,224 square feet and is situated on a 0.39-acre lot.
Key Highlights
- 18 private offices, each with dedicated network cabling, ideal for tech‑driven businesses.
- Spacious conference room for meetings and collaboration.
- Grand entry foyer with fireplace creates a professional and inviting first impression.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.7k | $21.00 |
| − Vacancy | −$25.8k | −$3.57 |
| EGI | $125.9k | $17.43 |
| − OpEx | −$31.5k | −$4.36 |
| NOI | $94.4k | $13.07 |
7,224 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,436 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,483 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready commercial space featuring private offices and modern amenities.
Where is this office building located?
The property is located at 10210 Frankford Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 18 private offices, each with dedicated network cabling, ideal for tech‑driven businesses.; Spacious conference room for meetings and collaboration.; Grand entry foyer with fireplace creates a professional and inviting first impression.
