Newly Built Warm Shell Office
For Sale
Contact for pricing
11702 Frankford Ave, Lubbock, TX 79424
Unfinished commercial space supports custom office, medical, professional service, or boutique retail interiors.
Property Size4,979 SF
Price / SF$180.76
Days on Market490
Property Features for 11702 Frankford Ave
General Information
Standard status
Active
Size
4,979 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 794-3300
Listed By:
Kelsey Zickefoose, MBA, CCIM · License ##724914-SA
(806) 696-3863
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Oct 26
Last Checked: Nov 1 at 6:32AM
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 WestMark Commercial | TCN Worldwide
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Investment Insights
Based on property information with market context.
This 4,979-square-foot office unit is a newly constructed warm-shell space designed for interior completion. The unfinished condition provides a flexible starting point for configuring an office, medical practice, professional services operation, or boutique retail concept. Tenant improvement allowance may be available with qualifying lease terms.
The property is located at 11702 Frankford Ave in Lubbock, Texas, near the Frankford and 117th Street intersection. Its position in the South Lubbock corridor provides access to the surrounding commercial area. The space is offered for either sale or lease, giving occupants and purchasers different paths to secure the property.
The property is located at 11702 Frankford Ave in Lubbock, Texas, near the Frankford and 117th Street intersection. Its position in the South Lubbock corridor provides access to the surrounding commercial area. The space is offered for either sale or lease, giving occupants and purchasers different paths to secure the property.
Key Highlights
- 4,979 SF newly constructed warm‑shell office unit
- Interior‑ready condition allows for a customized layout
- Suitable for office, medical, professional services, or boutique retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,088
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,760
$1.3M
Cap Rate 7%
$929,829
$929.8K
Cap Rate 9%
$723,200
$723.2K
Market Conditions
NOI Build-Up for 4,979 SF
Gross rent
$104.6K $21.00/SF
− Vacancy
−$17.8K −$3.57/SF
EGI
$86.8K $17.43/SF
− OpEx
−$21.7K −$4.36/SF
NOI
$65.1K $13.07/SF
Area
Lubbock, TX
Vacancy
17.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,760
Cap Rate 7%
$929,829
Cap Rate 9%
$723,200
Alternative Uses
Best Use
Office B
$929.8K
$813.6K – $1.08M
NOI $65,088 @ 7.0% cap · market cap 7.23%
Second Best
Retail
$687.1K
$601.2K – $801.6K
NOI $48,097 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,865 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Unfinished commercial space supports custom office, medical, professional service, or boutique retail interiors.
Where is this office unit located?
The property is located at 11702 Frankford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,979 SF newly constructed warm‑shell office unit; Interior‑ready condition allows for a customized layout; Suitable for office, medical, professional services, or boutique retail uses
