Medical Office with Exam
New
For Sale
$1,450,000
10933 Wayne Avenue, Lubbock, TX 79424
Commercial Sale, Lubbock, TX
Property Size4,570 SF
Lot Size0.40 Acres
Price / SF$317.29
Days on Market2
Property Features for 10933 Wayne Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking features
Parking Lot
Security features
Security System
Lot features
Corner Lot, Cul-De-Sac, Landscaped, Paved
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
7
Standard status
Active
APN
R353416
Size
4,570 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
Epic North Tr K
Tax Annual Amount
2535
Legal Description
Epic North Tr K
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Benjamin Hargrove · License #0672833
(806) 786-5838
Added: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# 202614191
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,570-square-foot medical office property was built in 2025 and sits on 0.4 acres. Its 12 private offices or exam rooms are arranged with a nurses’ station, reception area, waiting room, and executive office with a private restroom. The building also has two public restrooms, a separate employee restroom, and a staff break lounge.
The property is on Wayne Avenue in southwest Lubbock, near UMC Health & Wellness Hospital, with access to Slide Road and 114th Street. Brick and stone are listed among the construction materials; the building has vinyl flooring, central heating and air conditioning, a parking lot, public water, and public sewer.
The property is on Wayne Avenue in southwest Lubbock, near UMC Health & Wellness Hospital, with access to Slide Road and 114th Street. Brick and stone are listed among the construction materials; the building has vinyl flooring, central heating and air conditioning, a parking lot, public water, and public sewer.
Key Highlights
- 12 private offices or exam rooms
- 4,570 SF building on a 0.4‑acre site
- Built in 2025
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Schwede Gary DVM — slide rd, lubbock, tx 79410
- Animal Medical Center — 10209 Quaker Ave, Lubbock, TX 79424
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 2025 facility combines clinical rooms with dedicated reception, waiting, and staff areas.
Where is this medical office space located?
The property is located at 10933 Wayne Avenue 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: 12 private offices or exam rooms; 4,570 SF building on a 0.4‑acre site; Built in 2025
