Medical and Professional Office
10933 Wayne Ave Lubbock, TX 79424
For Sale
$1,450,000
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 Market29
Property Features for 10933 Wayne Ave
General Information
Standard status
Active
Size
4,570 SF
Listing Agency:
eXp Realty LLC
(806) 786-5838
Listed By:
Benjamin Hargrove · License #0672833
(806) 786-5838
Source:
Exprealty
Added: Jul 2
Changed: Jul 26
Last Checked: Jul 29 at 7:56PM
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
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 For Healthcare Medical
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 | $112.4k | $24.60 |
| − Vacancy | −$10.1k | −$2.21 |
| EGI | $102.3k | $22.39 |
| − OpEx | −$40.9k | −$8.95 |
| NOI | $61.4k | $13.43 |
4,570 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
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.
Property Analytics
Location Intelligence
Current Use
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
