Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite in South Lubbock Title is generated by Realmo AI

    7921 Indiana Drive Lubbock, Lubbock, TX 79423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $550/Mo $0.86 SF/Yr (calc)

    Professional office suite for rent in a prime South Lubbock location.

    Type:Office
    Property size:
    7,631 SF
    Added:
    Sep 25, 2025
    Days on Market:
    239
    Last Refresh:
    May 8 at 11:16 pm

    Property Features for 7921 Indiana Drive Lubbock

    General Information

    Standard status
    Active
    Size
    7,631 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 7921 Indiana Drive Lubbock Contact us

    We can help!

    Listing Contact
    David Haymes, CCIM
    David Haymes, CCIM

    Listing agent David Haymes, CCIM License #TX #0618395-SA

    Listing office WestMark Commercial | TCN Worldwide

    Listing date Sep 25, 2025

    Source Tcnworldwide

    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

    HighLights

    • Great location near the intersection of 82nd Street & Indiana Avenue in South Lubbock.
    • Full Service Lease (tenant pays only telephone & internet).
    • Enjoy 24 Hour Tenant Access.
    • Ample Parking available.
    • Located in Melonie Square Shopping Center.
    • Common Restrooms for Office Park Tenants.

    Overview

    This professional office suite is available for rent in South Lubbock, situated near the intersection of 82nd Street and Indiana Avenue, specifically on the west side of Melonie Square Shopping Center, north of 82nd Street and west of Indiana Avenue. The property provides 24-hour tenant access, ample parking, and common restrooms for office park tenants. The lease is full service, with the tenant responsible for telephone and internet expenses. The suite is connected to 8004 Indiana within the Melonie Square Shopping Center. The property size is 7631 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tiffany D. Henderson, ... Alternative Medicine Practice Alan Baker CPA ... Tax Preparation All About Water Home Appliance Store Smooch’d x Kirsten ... Spa & Massage Center Cruth Chiropractic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.889
    Latitude
    33.5218

    Nearby Similar for Lease

    • $9,850/Mo
      3,292 SF

      Move-in Ready Lubbock Office Space

      3,292 SF office space with operatory spaces for rent.
      6102 82nd Street, Lubbock, TX 79424
      View Details
    • $23,595 SF/Yr
      14,043 SF

      Lubbock Commercial Opportunity on Upland

      Prime commercial property in a rapidly growing Lubbock corridor.
      8312 Upland Avenue, Lubbock, TX 79424
      View Details
    • $1,995/Mo
      2,260 SF

      Functional Industrial Office Space

      Versatile 2,260 SF industrial office with warehouse and gated lot.
      719 Buddy Holly Avenue, Lubbock, TX 79401
      View Details
    • $12 SF/Yr
      5,200 SF

      Modern Lubbock Office/Warehouse Facility

      Versatile office and warehouse space in South Lubbock.
      3204 118th Street, Lubbock, TX 79423
      View Details
    • $2,600/Mo
      8,330 SF

      New Class A Office Space

      Premium office spaces in high-traffic Lubbock location, built in 2025.
      206 Slide Road, Lubbock, TX 79416
      View Details
    • $1,000/Mo
      600 SF

      Lubbock Office Suite For Rent

      Office suite for rent in Lubbock, Texas. 600 square feet.
      4630 50th Street, Lubbock, TX 79414
      View Details
    • $1,100/Mo
      660 SF

      Lubbock Office Space For Rent

      Office space available in Lubbock, all utilities included.
      4630 50th Street, Lubbock, TX 79414
      View Details
    • $1,100/Mo
      1,100 SF

      High-Traffic Retail Space Available

      Vacant retail space with high traffic in central Lubbock.
      2902 50th Street, Lubbock, TX 79413
      View Details
    • $1,600/Mo
      2,941 SF

      Downtown Lubbock Shell Space Available

      Shell space in Downtown Lubbock, ready for improvements to fit needs.
      1412 Texas Avenue, Lubbock, TX 79401
      View Details
    • $800/Mo
      8,025 SF

      Medical/Wellness Suite in Medical District

      Premier medical/wellness suites in the heart of the Medical District.
      3411 20th Street, Lubbock, TX 79410
      View Details
    • $2,150/Mo
      2,720 SF

      Downtown Lubbock Open Concept Space

      2,720 SF flexible space in the heart of downtown.
      1416 Texas Avenue, Lubbock, TX 79401
      View Details
    • $2,000/Mo
      2,701 SF

      Lubbock Warehouse with Tall Ceilings

      Two-story warehouse suitable for automotive, warehouse, or construction businesses.
      4905 Memphis Avenue, Lubbock, TX 79413
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite for rent in a prime South Lubbock location.
    Where is this office units located?
    The property is located at 7921 Indiana Drive Lubbock Lubbock, TX.
    What is the lease rate?
    The lease rate is $550 /Mo.
    What are key features of this property?
    This property features: Great location near the intersection of 82nd Street & Indiana Avenue in South Lubbock.; Full Service Lease (tenant pays only telephone & internet).; Enjoy 24 Hour Tenant Access.
    (806) 789-7653
    We can help!
    Listing Contact
    David Haymes, CCIM
    David Haymes, CCIM
    Real Estate License ID: TX #0618395-SA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7921 Indiana Drive | Lubbock, TX 79423, TX 79423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!