Lubbock Commercial Opportunity on
8312 Upland Avenue Lubbock, TX 79424
8312 Upland Avenue, Lubbock, TX, 79424
$2,499,999
For Sale
$2,499,999
COMMERCIAL - Lubbock, TX
Property Size14,043 SF
Lot Size1.37 Acres
Price / SF$178.02
Days on Market139
Property Features for 8312 Upland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Security features
- Security
- Standard status
- Active
- APN
- R75450
- Size
- 14,043 SF
- Lot size
- 1.37 Acres
Taxes and HOA fees
- Tax Description
- Centerline Tr A
- Tax Annual Amount
- 32943
Utilities
- Cooling system
- Ceiling Fan(s), Electric, Central Air
Building Details
- Year built
- 2002
Listing agency
Keller Williams Realty
(806) 771-7710
Listed by
Rex Andrews · License #0663823
(806) 777-6556
Added: Mar 5 Updated: May 14 at 11:30AM Checked: Jul 22 at 4:06PM
MLS# 202602979
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.
Located at 8312 Upland Ave in Lubbock, this commercial property is positioned in one of southwest Lubbock's fastest-growing corridors. The property offers accessibility and visibility along Upland Avenue, a major north-south connector serving expanding residential and commercial development. The location benefits from approximately 12,800 vehicles per day along the Upland corridor. Recent roadway improvements are expanding Upland Avenue into a five-lane thoroughfare to accommodate increasing traffic and development. Situated just south of 82nd Street and near major retail, restaurants, and professional services, the property is suited for a variety of uses including office, medical, professional services, or retail. The property has a lot size of 1.37 acres and a property size of 14,043 square feet. This property presents an opportunity for both owner-occupants and investors.
Key Highlights
- Prime location in southwest Lubbock's fastest‑growing corridor.
- High visibility with approximately 12,800 vehicles per day along Upland Avenue.
- Excellent accessibility and frontage on Upland Avenue.
Local 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 | $294.9k | $21.00 |
| − Vacancy | −$50.1k | −$3.57 |
| EGI | $244.8k | $17.43 |
| − OpEx | −$61.2k | −$4.36 |
| NOI | $183.6k | $13.07 |
14,043 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.62M
$2.29M – $3.06M
NOI $183,577 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,820 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Centerline Engineering & Consulting
Land Surveyor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Prime commercial property in a rapidly growing Lubbock corridor.
Where is this office building located?
The property is located at 8312 Upland Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Prime location in southwest Lubbock's fastest‑growing corridor.; High visibility with approximately 12,800 vehicles per day along Upland Avenue.; Excellent accessibility and frontage on Upland Avenue.
