Medical and Professional Office
For Sale
$1,450,000
10933 Wayne Ave, Lubbock, TX 79424
Built in 2025, this office building offers 12 private offices or exam rooms with reception, waiting, and staff support space.
Property Size4,570 SF
Price / SF$317.29
Days on Market97
Property Features for 10933 Wayne Ave
General Information
Standard status
Active
Size
4,570 SF
Additional Details
Office Units
12
Taxes and HOA fees
Annual Taxes
$2,535
Amenities
central nurses' station
reception and waiting area
executive office with private restroom
two public restrooms
dedicated employee restroom
staff break lounge
Building Details
Year Built
2025
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Benjamin Hargrove · License #0672833
(806) 786-5838
Source:
Exprealty
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 28 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2025, this professional office building is designed for medical, wellness, and other client-facing services. The interior layout includes 12 private offices or exam rooms, a centrally located nurses’ station, a reception area, and a spacious waiting room. A dedicated executive office suite with a private restroom adds space for ownership or senior leadership, while two public restrooms, a dedicated employee restroom, and a staff break lounge support day-to-day operations.
The property is located near the new UMC Hospital, positioned for accessibility by patients, clients, and staff. It is intended to serve medical specialists, wellness providers, and other professional office users seeking a turnkey, modern setting.
With its combination of private treatment or office rooms, centralized clinical workflow space, and supportive staff amenities, the building offers a functional configuration for multi-room practices and coordinated appointments.
The property is located near the new UMC Hospital, positioned for accessibility by patients, clients, and staff. It is intended to serve medical specialists, wellness providers, and other professional office users seeking a turnkey, modern setting.
With its combination of private treatment or office rooms, centralized clinical workflow space, and supportive staff amenities, the building offers a functional configuration for multi-room practices and coordinated appointments.
Key Highlights
- Built in 2025: 4,500+ SF professional office building near the new UMC Hospital
- 12 private offices and/or exam rooms plus reception and a waiting area
- Central nurses' station to support clinical workflow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,382
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,640
$1.2M
Cap Rate 7%
$876,886
$876.9K
Cap Rate 9%
$682,022
$682.0K
Market Conditions
NOI Build-Up for 4,570 SF
Gross rent
$112.4K $24.60/SF
− Vacancy
−$10.1K −$2.21/SF
EGI
$102.3K $22.39/SF
− OpEx
−$40.9K −$8.95/SF
NOI
$61.4K $13.43/SF
Area
Lubbock, TX
Vacancy
9.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,640
Cap Rate 7%
$876,886
Cap Rate 9%
$682,022
Alternative Uses
Best Use
Healthcare Medical
$876.9K
$767.3K – $1.02M
NOI $61,382 @ 7.0% cap · market cap 4.23%
Second Best
Office B
$853.4K
$746.8K – $995.7K
NOI $59,741 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,648 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Built in 2025, this office building offers 12 private offices or exam rooms with reception, waiting, and staff support space.
Where is this medical center located?
The property is located at 10933 Wayne Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Built in 2025: 4,500+ SF professional office building near the new UMC Hospital; 12 private offices and/or exam rooms plus reception and a waiting area; Central nurses' station to support clinical workflow
