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Flex Space with Warehouse Access
For Lease
$6,000/Mo

3202 118th Street, Lubbock, TX 79423

Commercial Lease, Lubbock, TX

Space SizeContact for details
Lot Size0.57 Acres
Days on Market67

Property Features for 3202 118th Street

General Information

Property type Commercial Lease
Property subtype Other
Property condition Under Construction
Zoning HC
Parking 9
Parking features Oversize, Parking Lot
Fencing Privacy
Elementary school district Lubbock-Cooper ISD
Middle school district Lubbock-Cooper ISD
High school district Lubbock-Cooper ISD
Subdivision 7
Standard status Active
APN R353202
Size 5,200 SF
Lot size 0.57 Acres

Taxes and HOA fees

Tax Description Triple C Business Park Tr H
Legal Description Triple C Business Park Tr H

Utilities

Sewer type Septic Tank
Water source Public

Amenities

conference room
break area

Building Details

Year built 2026
Floors in Building 1
Flooring type Vinyl
Roof type Metal
Listing Agency: Day & Co.
Listed By: Taylor Carmona · License #0659847
Added: Aug 2 Changed: Oct 7 Last Checked: Oct 7 at 4:06PM
MLS# 202611493

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 5,200-square-foot flex facility is under construction and combines finished office space with an adjacent warehouse area. The office component includes private offices, a conference room, and a break area, with vinyl flooring, high ceilings, and 8-foot doors. Construction features include a steel frame, 6-inch concrete slab, and metal roofing.

The warehouse is served by two grade-level overhead doors measuring 14 feet by 14 feet. The property includes a privacy fence, parking lot, and oversize parking, with outdoor space suitable for vehicle maneuvering and storage. Public water and a septic tank serve the site. Located in South Lubbock, the facility offers access to major thoroughfares for business, employee, and client travel.

Key Highlights

  • 5,200‑square‑foot flex facility under construction
  • Office area with offices, conference room, break area, and vinyl flooring
  • Steel‑frame construction with a 6‑inch concrete slab and metal roof

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Drive-in doors
Yes
Fenced yard
NNN (Triple Net)
Lease Type
$2.08 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

133
Businesses Nearby
Balanced
Demand for This Use

Demographics for 79423, TX

42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lubbock, TX

$25.44 /SF/Yr
Avg Asking Price
$3.45–$156 /SF/Yr
Price Range
7,267 SF
Avg Space Size

This space is priced 46% below the average of $25.44 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Under-construction flex facility combining finished office areas with warehouse capacity, fenced outdoor space, and oversized parking.
Where is this flex space located?
The property is located at 3202 118th Street Lubbock, TX.
What is the lease rate?
The lease rate is $6,000/Mo.
What are key features of this property?
This property features: 5,200‑square‑foot flex facility under construction; Office area with offices, conference room, break area, and vinyl flooring; Steel‑frame construction with a 6‑inch concrete slab and metal roof
More about this property
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