Newly Completed Class A Executive Office
For Sale
Contact for pricing
11702 Frankford Ave, Lubbock, TX 79424
Newly completed Class A executive office building available for immediate occupancy in Paradise Business Park.
Property Size2,620 SF
Price / SF$304.58
Days on Market436
Property Features for 11702 Frankford Ave
General Information
Standard status
Active
Size
2,620 SF
Class
A
Property subtype
OFFICE
Additional Details
Asking Price
$798,000
Highway Access
Yes
Amenities
reception area
conference room
kitchenette/break room
workroom
IT/storage room
natural light
Nest smart thermostats
Building Details
Buildings
1
Building Size
2,620 SF
Listing Agency:
Murphy & Martin Real Estate
(806) 891-3195
Listed By:
Murphy Coon TACS
(806) 891-3195
Source:
Moodyscre
Added: May 22, 2025
Changed: Jul 29
Last Checked: Jul 30 at 1:33PM
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 Murphy & Martin Real Estate
Investment Insights
Based on property information with market context.
Now available for immediate occupancy, this newly completed 2,620 SF Class A executive office building is located in Paradise Business Park in South Lubbock. The building is designed to support professional office use and includes eight private executive offices, a spacious reception area and lobby, and a large conference room with double French doors. Additional interior features include a kitchenette/break room, workroom, dedicated IT/storage room, and two ADA-compliant restrooms.
The space is finished with executive-quality details, abundant natural light, Nest smart thermostats, and modern farmhouse architecture with cedar accents. Additional plumbing rough-ins provide flexibility for future medical or specialty office build-outs.
Conveniently located near Milwaukee Avenue and Loop 88, the property offers accessibility within an area experiencing continued residential and commercial development.
The space is finished with executive-quality details, abundant natural light, Nest smart thermostats, and modern farmhouse architecture with cedar accents. Additional plumbing rough-ins provide flexibility for future medical or specialty office build-outs.
Conveniently located near Milwaukee Avenue and Loop 88, the property offers accessibility within an area experiencing continued residential and commercial development.
Key Highlights
- 2,620 SF newly completed Class A executive office building available for immediate occupancy
- Eight private executive offices plus reception/lobby and workroom
- Large conference room with double French doors
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 | $64.5k | $24.60 |
| − Vacancy | −$5.8k | −$2.21 |
| EGI | $58.7k | $22.39 |
| − OpEx | −$23.5k | −$8.95 |
| NOI | $35.2k | $13.43 |
2,620 SF · lease $24.60/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$502.7K
$439.9K – $586.5K
NOI $35,191 @ 7.0% cap · market cap 4.41%
Second Best
Office B
$489.3K
$428.1K – $570.8K
NOI $34,250 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$660.5K
$578.0K – $770.6K
NOI $46,236 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Newly completed Class A executive office building available for immediate occupancy in Paradise Business Park.
Where is this office building located?
The property is located at 11702 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 2,620 SF newly completed Class A executive office building available for immediate occupancy; Eight private executive offices plus reception/lobby and workroom; Large conference room with double French doors
