New Office Space For
6305 79th St Lubbock, TX
6305 79th St, Lubbock, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Newly constructed office space designed for productivity and collaboration.
Property Size2,353 SF
Lot Size1.29 Acres
Price / SF$285
Days on Market552
Property Features for 6305 79th St
General Information
- Standard status
- Active
- Size
- 2,353 SF
- Lot size
- 1.29 Acres
- Property subtype
- OFFICE
Properties For Sale
at 6305 79th St Contact us
Listing Agency
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed by
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source
Moodyscre
Added: Jan 13, 2025 Checked: Jul 17 at 5:44 am
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
Investment Insights
Based on property information with market context.
This newly constructed office space is designed to foster productivity and collaboration. The office features six private offices and a larger conference room located at the front, providing easy access to the lobby and reception area. A fully equipped break room is situated at the rear of the office, offering ample space for employees. The layout includes two separate restrooms and a centrally located copy/work room. The property is located in Lubbock, TX. The office space contains 2353 square feet. This office is suitable for businesses seeking a professional environment with necessary amenities.
Key Highlights
- Newly constructed office space.
- 6 Private Offices and a large conference room.
- Excellent location.
Local Financial Insights For Office B
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 | $49.4k | $21.00 |
| − Vacancy | −$8.4k | −$3.57 |
| EGI | $41.0k | $17.43 |
| − OpEx | −$10.3k | −$4.36 |
| NOI | $30.8k | $13.07 |
2,353 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$439.4K
$384.5K – $512.7K
NOI $30,760 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.2K
$519.1K – $692.1K
NOI $41,524 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Newly constructed office space designed for productivity and collaboration.
Where is this office units located?
The property is located at 6305 79th St Lubbock, TX.
What is the asking price?
The asking price for this property is $670,605.
What are key features of this property?
This property features: Newly constructed office space.; 6 Private Offices and a large conference room.; Excellent location.
