New Office Park in
For Sale
Contact for pricing
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$288.83
Days on Market695
Property Features for 13916-14102 Indiana Ave
General Information
Standard status
Active
Size
2,232 SF
Lot size
0.39 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 13916-14102 Indiana Ave Contact usFree Standing Office for Sale or Lease AVAILABLE
Size
2,270 SF
Type
OFFICE
Lease Type
NNN
Currently being built by Clearview, this property offers a contemporary and adaptable space for a diverse range of office ventures. Embrace the benefits of a new construction, providing a fresh and customizable canvas for your use. With convenient access to major thoroughfares and amenities, the property presents an ideal setting for attracting and retaining tenants. This property features 7 private offices with a workroom centrally located creating nice workflow. There are 2 restrooms and a breakroom. Call today to schedule a private showing!
Newly Developed Office Park
High Growth Area
7 Private Offices
NNN's are estimated at $945.83/month. .
Contact us 13918 Indiana Ave AVAILABLE
Size
2,262 SF
Type
OFFICE
Lease Type
NNN
Office building being built in South Lubbock in a newly development office park. Built by Clearview, this class A office will be ready for its new owner/user. With 7 private offices, a centrally located workroom and 2 restrooms and a break room. This office boasts an efficient workflow for a multitude of users. Call today to find out more information.
7 Private Offices
South Lubbock Location
Currently Being Built
Contact us
Listing Agency:
WestMark Commercial | TCN Worldwide
(806) 794-3300
Listed By:
Karen Higgins, CCIM · License ##0331521-B
(806) 781-3875
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Nov 3
Last Checked: Nov 3 at 9:16AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$29,178
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,560
$583.6K
Cap Rate 7%
$416,829
$416.8K
Cap Rate 9%
$324,200
$324.2K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$46.9K $21.00/SF
− Vacancy
−$8.0K −$3.57/SF
EGI
$38.9K $17.43/SF
− OpEx
−$9.7K −$4.36/SF
NOI
$29.2K $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%
$583,560
Cap Rate 7%
$416,829
Cap Rate 9%
$324,200
Alternative Uses
Best Use
Office B
$416.8K
$364.7K – $486.3K
NOI $29,178 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,389 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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 $644,670.
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.**
