New Office Park in
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13916-14102 Indiana Ave, Lubbock, TX
New construction office building with 7 private offices, South Lubbock.
Property Size2,232 SF
Lot Size0.39 Acres
Price / SF$304.03
Days on Market602
Property Features for 13916-14102 Indiana Ave
General Information
Standard status
Active
Size
2,232 SF
Lot size
0.39 Acres
Property subtype
OFFICE
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 781-3875
Listed By:
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:18AM
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 building, located in a developing office park in South Lubbock, offers 2,232 square feet of space. The building is designed with flexibility to meet various professional needs. The layout includes 7 private offices suitable for individual work or team collaboration, a workroom/copy room, a breakroom, and two restrooms. Front and back door parking provides convenient access. Situated in the rapidly growing area of South Lubbock, the office park offers accessibility to key routes, enhancing business visibility. The estimated completion date is summer of 2025.
Key Highlights
- Newly constructed office building with 2,232 sq ft of modern, flexible space.
- Located in the rapidly growing area of South Lubbock with easy access to key routes.
- Features 7 private offices, a workroom/copy room, a breakroom, and two restrooms.
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 | $46.9k | $21.00 |
| − Vacancy | −$8.0k | −$3.57 |
| EGI | $38.9k | $17.43 |
| − OpEx | −$9.7k | −$4.36 |
| NOI | $29.2k | $13.07 |
2,232 SF · lease $21.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.8K
$364.7K – $486.3K
NOI $29,178 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,389 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - New construction office building with 7 private offices, South Lubbock.
Where is this office building located?
The property is located at 13916-14102 Indiana Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $678,600.
What are key features of this property?
This property features: Newly constructed office building with **2,232 sq ft of modern, flexible space.**; Located in the rapidly growing area of South Lubbock with easy access to key routes.; Features **7 private offices, a workroom/copy room, a breakroom, and two restrooms.**
