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    6629 Monticello Ave Lubbock, TX 79424

    Sponsored
    For Sale
    $998,000

    New Construction, Two Units Available

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This stunning new construction office building, completed at the end of April 2025, presents a unique investment opportunity in Lubbock, Texas. Located at 6629 Monticello Avenue, the property boasts two completely separate, fully-equipped units, each offering ample space for a variety of professional uses. Each unit includes multiple spacious offices (ten or more, depending on configuration), a dedicated breakroom, and two restrooms. The impressive design features high-end finishes throughout, including luxury baseboards and trim, rounded corners, and exceptionally high ceilings. The front conference room showcases an 18-foot cathedral ceiling, while the remaining space features 10-foot ceilings. This allows for a flexible layout to accommodate various business needs and configurations. The building is ideal for a single professional seeking to occupy one unit and lease the other for supplemental income, or for two separate businesses seeking modern, high-quality office space. The asking price is $998,000. The estimated net operating income (NNN) is $23, with an additional estimated $5 NNN. More photos will be available soon. This property represents an exceptional opportunity to acquire a premium office building in a desirable Lubbock location.

    Property Features for 6629 Monticello Ave

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9588
    Latitude
    33.53243

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    FAQs

    What type of property is this?
    Office Property / Space - New Construction, Two Units Available
    Where is this office property / space located?
    The property is located at 6629 Monticello Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $998,000.
    (806) 368-7494
    Request Owner's contact information
    6629 Monticello Ave Lubbock, TX 79424
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    Lubbock, TX 79424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6629 Monticello Ave Lubbock, TX 79424
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