Office Building with Ample
7727 Quaker Avenue Lubbock, TX 79424
For Sale
$2,300,000
COMMERCIAL - Lubbock, TX
Property Size8,200 SF
Lot Size0.78 Acres
Price / SF$280.49
Days on Market564
Property Features for 7727 Quaker Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- R37963
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Description
- KINGS PARK TR E
- Tax Annual Amount
- 37030
Listing Agency:
Progressive Properties
(806) 794-7777
Listed By:
Brandon Tyler · License #0542831
(806) 239-0962
Added: Jan 7, 2025
Changed: Jun 22
Last Checked: Jul 25 at 12:06PM
MLS# 202500271
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 8,200-square-foot office building on 0.78 acres is currently 50% occupied by Cobb Fendley, with more than 4,000 square feet of office space available for immediate use or lease. The property is set up to support flexible occupancy, whether you are expanding an existing operation or bringing in additional tenants. Ample parking is available for employees, customers, and visiting staff.
The building is located at the intersection of 78th Street and Quaker Avenue in Lubbock, Texas (7727 Quaker Avenue, Lubbock, TX 79424). The setting is described as a high-traffic, high-visibility corridor, supporting straightforward access and daytime drive-by awareness.
For owner-occupants, the current space availability can allow for a phased buildout or a move-and-expand scenario while maintaining income from the portion already occupied. For tenants, the offering presents an opportunity to secure additional office space in a single building with on-site parking and an established tenant presence. Buyers benefit from a ready-to-operate layout, with part of the building already occupied and the remaining area positioned for continued leasing or direct occupancy.
The building is located at the intersection of 78th Street and Quaker Avenue in Lubbock, Texas (7727 Quaker Avenue, Lubbock, TX 79424). The setting is described as a high-traffic, high-visibility corridor, supporting straightforward access and daytime drive-by awareness.
For owner-occupants, the current space availability can allow for a phased buildout or a move-and-expand scenario while maintaining income from the portion already occupied. For tenants, the offering presents an opportunity to secure additional office space in a single building with on-site parking and an established tenant presence. Buyers benefit from a ready-to-operate layout, with part of the building already occupied and the remaining area positioned for continued leasing or direct occupancy.
Key Highlights
- Prime location at the intersection of 78th Street and Quaker Avenue, Lubbock's busiest corridor.
- 8,200 sq ft office building offering investment or owner‑occupant potential.
- Over 4,000 sq ft of flexible office space available for immediate use or lease.
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 | $172.2k | $21.00 |
| − Vacancy | −$29.3k | −$3.57 |
| EGI | $142.9k | $17.43 |
| − OpEx | −$35.7k | −$4.36 |
| NOI | $107.2k | $13.07 |
8,200 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,195 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,707 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cobb, Fendley & Associates, ...
Engineering Consultant
Mcclendon Sarah
Employment Agency
Metro Health Care
Nursing Home
Advanced Home Health
Home Health Care Service
Kelly Plasker, Realtor
Real Estate Agency
FAQs
What type of property is this?
Office building - Partially occupied office property near 78th Street and Quaker Avenue, with over 4,000 sq ft available.
Where is this office building located?
The property is located at 7727 Quaker Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location at the intersection of 78th Street and Quaker Avenue, Lubbock's busiest corridor.; 8,200 sq ft office building offering investment or owner‑occupant potential.; Over 4,000 sq ft of flexible office space available for immediate use or lease.
